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#411: Two Cents 10. Headlines From the Week of July 10, 2023
The Dentist Money Show | Financial Planning & Wealth Management
The New SAVE Plan Cuts Interest Payments in Half
SAVE plan essentially is going to cut in some instances your payment by half. They've upped their definition of the discretionary income, right? Before it was 150%. Now it's 225%. And then they're out also cutting the payment percentage from 10% to 5%. This is on undergrad loans. Grad loans will still be at 10%, but they'll be a weighted average based off of undergrad versus grad loans.
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