Student loan borrowers who are John Caldwellfearful that they won't be able to afford to restart their payments in October can take a look at a new affordable option right now called SAVE or the Saving on a Valuable Education Plan.

SAVE won't bail out everyone's budget. But it could work well for millions of borrowers who might be buried in other debt, like high cost credit cards, or find themselves wondering how to pay the rent.

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