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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What have people historically done when their government exists for the benefit of the aristocracy/oligarchs/billionaires while the people suffer, starve, and drown in poverty?
Sorry, was supposed to personally go and assassinate Biden? That's what you're saying I was supposed to do?
Is that question wilful ignorance, or just regular ignorance?
Nice try, but no, your fantasy option is a non-starter: it wouldn’t accomplish an end to your suffering.
Keep thinking. I have faith in you.
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.
I still have no idea what you're talking about. If you're not going to explain yourself, forget it. I'm not interested in playing silly games.
Enjoy the debt babes <3
He mad.
Proletariat revolution only works when all or most people are on board. One or a few people doing it will just land them in jail basically. This system is structured so that if we do something like that, we will be on the street within a month or two and not be able to care for our families. Please don't make assumptions about the situations that millions of Americans are trapped in. Especially if it is not something you've lived under yourself, or aren't formally educated in. They don't call it "manufactured consent" for nothing. We're born into it and we have to participate in it if we want to survive. Literally.
Your assertion about the need for unanimous backing in a proletariat revolution is laughably simplistic. And I'll kindly ask you to refrain from making assumptions about my own lived experiences, or anyone else’s for that matter.
Every revolution, every major movement in history, started with the bold few before swelling into unstoppable masses. Afraid of landing in jail? Understandable. But jail cells have a way of creating symbols that ignite larger flames. Ask yourself: can they really jail us all? Every filled cell will magnify our cause, not quell it.
As for the dire consequences you highlight, like ending up on the streets, let's be clear: many are already there, with or without revolution. They've little left to lose and much to gain. And the belief that we’re just trying to care for our families under the current system? It's doing a disservice to those already struggling, trying to protect their loved ones in a world that has been designed against them.
You mentioned "manufactured consent," and that’s spot on. But think deeper: it’s manufactured. Crafted. Made to fit. And anything constructed can be deconstructed, redesigned, or outright obliterated. We aren't simply passive recipients of this design; we're conditioned to believe it's the only one.
So while you’re trapped in a narrative of inevitability and compliance, I see potential. Potential in every oppressed individual who's been underestimated. Strength. Resistance. Evolution. Life has schooled me in the harshest of ways, and I assure you, the lessons stick. We're not just passively surviving this broken system; we’re actively challenging, adapting, and overcoming.
Remember, the heart of humanity isn't so easily suppressed. Before you use words like "literally" again, reflect on this: maybe the real illusion is thinking we're helpless in the face of the chains society has slapped on us.
I’ll leave you with bell hooks: There is an element of play in choice, an exercise of free will. One chooses to live through consciousness, aware and awakened.