Biden pushes new student loan repayment plan as bills loom for tens of millions
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.
If you can afford to get a mortgage on a house nowadays, you are upper middle class.
Nowadays? We bought it 10 years ago. In a depressed small city with high unemployment. It's also only worth about $200,000. You know how low that is for a house right now?
Maybe don't make assumptions.
How much was it worth when you bought it?
$175,000. So clearly it's a luxury mansion. Jesus fucking Christ.
Liar. There's practically no markets in the country that have seen such low appreciation over 10 years. That doesn't even match inflation.
Either you're stupendously unlucky (in which case my point still stands) or you're a liar (more likely, and again my point still stands).
Oh fuck off. You have no idea. I'm not lucky or a liar, but you're fucking blocked.
Hahaha caught you out, did I?