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Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

www.businessinsider.com Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

Senate and House GOP lawmakers introduced bills to block the SAVE income-driven repayment plan ahead of the resumption of student-loan payments.

Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments
  • GOP lawmakers have introduced bills to overturn Biden's new SAVE income-driven repayment plan.

  • The lawmakers say the new plan is an overreach of authority and will cost taxpayers.

  • Borrowers can now apply for the SAVE plan before bills become due next month.

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