According to a recent report from the Center For Responsible Lending, borrowers making payments on their student debt who enroll in SAVE could see their ratio fall somewhere between 1.5% to 3.6%. The SAVE plan increases the income exempted from your payment calculation to 225% of the poverty line, from 150%. This means that for single people, approximately the first $33,000 of your income won’t be factored into your monthly obligation. This is up from around $23,000 on other income-driven repayment plans. The good news? Even more of your income is exempt as your family size increases.
