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.

  • HWK_290@lemmy.world
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    1 year ago

    Oh ok, guess we should give up then and succumb to our corporate overlords

    • Cryophilia@lemmy.world
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      1 year ago

      Even better, vote Republican! That will solve your problems! Somehow! Trust me bro!

      • totally not a Russian shill
      • Daft_ish@lemmy.world
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        1 year ago

        This is what we call accelerationists. Race to the bottom. Americans suck because they will never realize the rich have no country. They may have investments but that is their only stake. America falls into poverty, no worry for the rich. They still have their fenced yard and private military.

    • givesomefucks@lemmy.world
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      1 year ago

      Nope.

      But I feel like pretending something is done before it is after the last couple years…

      Is naive at best.

      We keep getting told that things are fixed, and people stop paying attention, then a year down the line it’s still not done.

      Don’t start running victory laps at halftime, you’ll just tire yourself out.