Biden pushes new student loan repayment plan as bills loom for tens of millions
Biden pushes new student loan repayment plan as bills loom for tens of millions
The effort to boost enrollment in the income-driven repayment program comes as student loan payments resume for the first time since March 2020.
President Joe Biden on Tuesday launched a promotional blitz for his new program that helps student loan borrowers repay their debt, just weeks before millions of Americans are set to receive a loan bill for the first time since the beginning of the pandemic.
The Biden administration is mobilizing to convince borrowers across the country to sign up for the new income-driven repayment program — dubbed the “SAVE plan” — which caps interest accrual and lowers the monthly payment amount for many borrowers.
“It’s the most affordable student loan plan ever,” Biden said in a video released by the White House on Tuesday, describing the program as a major reform to a student loan system “that hurt borrowers for much too long.”
“If you’re eligible for the SAVE Plan, sign up now so you can lower your monthly payments in advance of payments resuming this fall,” Biden said.
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No one actually thought that the guy who exempted student debt from bankruptcy and is owned by the same billionaires that own Republicans was gonna do what he said?
Not sure what you’re referring to. His student loan forgiveness was blocked by SCOTUS
Blocked for the method he used, Roberts said specifically it would have NOT been blocked had he not tried to push it through with the HEROs act. And it would have been allowed by the Higher Education Act of 1965 which grants the President the authority to cancel debt.
Damn, you’re smarter than all these top attorneys, that’s so cool! But it’s a coincidence that all your comments are parroting Russian troll farms, right?
Everyone that was anyone said he was going about it the wrong way, a way that was doomed to fail. They ALL said the HEA was the correct method since there were provisions that specifically allowed him to cancel debt.
The top justice, in the highest court in the land, SCOTUS John Roberts, spelled it out in his syllabus in the Biden v Nebraska case.
Oh wow, I see the issue. You don’t know how to read SCOTUS opinions. Idk what else to tell you bud.