Over 1M Borrowers Have Left SAVE

@thecollegeinvestor

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Why it worked

The video provides timely and actionable advice on student loan repayment strategies, specifically addressing the SAVE plan and its implications for different borrower situations. It leverages current news and offers a practical tool (calculator) to help viewers make informed decisions, making it highly relevant and valuable.

Summary

This video discusses the student loan SAVE plan, highlighting that over a million borrowers have already left it. It explains why people might leave the plan, focusing on those pursuing Public Service Loan Forgiveness (PSLF) or time-based forgiveness, and advises those facing financial hardship to consider other repayment options. The creator encourages viewers to use their student loan calculator to determine the best course of action.

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Transcript, structure and on-screen text

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Original caption

According to reports from the WSJ, over 1 million student loan borrowers have left the SAVE forbearance, and the next wave of notices are going out this week. #edutokcontest #studentloans #studentloandebt