Biden pushes new income-driven repayment plan as student loan bills loom for tens of millions
www.politico.com
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.

  • givesomefucks@lemmy.worldEnglish
    312·
    10 months ago

    You should read an article if you’re going to post it…

    Not even getting to the point that people were encouraged to apply for forgiveness and that never happened.

    • BassTurd@lemmy.world
      132·
      10 months ago

      Why didn’t it happen again? Oh yea. It’s because Republicans hate Americans and blocked it. Such a worthless group of people.

        • BassTurd@lemmy.world
          122·
          10 months ago

          Please tell me when it was that the Biden administration had control of both the House and Senate and could have pushed it through.

          • CryptoRoberto@sh.itjust.works
            315·
            10 months ago

            You don’t remember when they said we’d all get $2,000 checks (which was bullshit) and that they’d have control of the Senate? For like 30 while seconds after the Georgia runoffs they pretended Sinema and Manchin were actual Democrats. Good thing the Democrats are so good at vetting and controlling their party members.

            Slightly better walking corpse 2024! Woooooooo

            • Flying Squid@lemmy.world
              72·
              10 months ago

              Sorry… how were Democrats supposed to control who people in West Virginia and Arizona elected exactly?

              And what sort of Democrat do you think it’s possible to elect in West Virginia?

              • CryptoRoberto@sh.itjust.works
                1·
                10 months ago

                It’s almost like a powerful political group has a lot of influence on who gets to be part of said party and wins the primaries. Or they can eat shit sandwiches and ride tricycles around the circus tent and be an unadulterated clown show. It’s a good thing they never put their fingers on the scale unless the mega donors like Goldman Sachs wants someone though. Gotta keep it cash money up in the corporate housing.