Biden pushes new student loan repayment plan as bills loom for tens of millions

jeffw@lemmy.world to politics @lemmy.world – 253 points –
Biden pushes new income-driven repayment plan as student loan bills loom for tens of millions
politico.com

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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Sorry, "keep thinking" doesn't explain what you meant if that's not what you meant.

I can't read your mind.

I’m happy to hold your hand.

Let’s begin!

What do you think would accomplish an end to the suffering you feel every day as a consequence of living in America? Fantasy or reasonable.

Just go with your gut.

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