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Nearly 100,000 Mass. student loan borrowers are enrolled in Biden's SAVE Plan — but what does it do?
Just under 100,000 Bay Staters are enrolled in the federal government’s SAVE Plan to pay back student debt, according to new data released Wednesday by the Biden-Harris Administration. The Saving on a Valuable Education Plan is an income-driven repayment plan that replaced the REPAYE Plan this summer. There were nearly 5.5 million borrowers enrolled nationwide as of Oct. 15, according…