With payments on her $44,000 in federal student loan debt about to resume, Juniper decided to see what the new income-driven repayment (IDR) plan touted by the Biden administration was all about. She applied in September, and her Federal Student Aid account told her the most affordable repayment plan for her is in fact the Saving on a Valuable Education, or SAVE, option, under which she would owe $47 per month.
Fast-forward to October, though, when the first loan payment was due, and Juniper was quoted $138 per month on her loan servicer's website. In her account, she is enrolled in the PAYE program, another income-driven repayment (IDR) plan that isn't as generous, according to screen shots of her account reviewed by Fortune.
