Editor’s Note: This story has been updated to reflect that prior to January 15, 2025, some borrowers received correspondence from the Department of Education that interest had started accruing on their loans while in forbearance in the SAVE plan. A January clarification from the department confirms that interest is not accruing for borrowers enrolled in SAVE. Interest will accrue while a borrower is in processing for forbearance.
By Claire Murphy, Illinois Answers Project
With $49,000 in student loan debt, Josue Villalpando figured becoming a homeowner was a long way off.
“The thought of purchasing a home was definitely floating around, however I never actually looked into it knowing that I had such a big burden with my…
