Calculate Monthly Payments Under SAVE Plan: for Graduate and Undergraduate Loans
Watch to learn more about how your monthly payment will be calculated under SAVE if you have both undergraduate and graduate student loans.
Published October 17, 2023
Watch to learn more about how your monthly payment will be calculated under SAVE if you have both undergraduate and graduate student loans.
How is your monthly payment calculated under SAVE for graduate and undergraduate loans
Under SAVE, borrowers with undergraduate loans will pay 5% of their discretionary income, and borrowers of graduate loans will pay 10%. If you have a mix of both undergraduate and graduate loans, you’ll pay a weighted average of the 5-10%. If you take advantage of our complimentary 30-minute consultation, our team can help calculate the specifics for you.
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This information provided is for informational purposes only and does not substitute consultation with a legal, tax or investment professional for important financial decisions. Laurel Road assumes no liability for loss or damage incurred by use of the information provided. Please visit laurelroad.com for full product details, terms and conditions.
All Laurel Road lending products are subject to credit approval.