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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It's still not thru congress yet, and the part Biden brags about wouldn't even start till next summer...
I'll be surprised if any of it materializes, but that won't stop moderates from bragging about it.
You can literally apply now. It doesn’t need to go through Congress
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.
Why didn't it happen again? Oh yea. It's because Republicans hate Americans and blocked it. Such a worthless group of people.
But also, they could of passed a fucking bill when they had a majority...
Please tell me when it was that the Biden administration had control of both the House and Senate and could have pushed it through.
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
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?
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.
I did read it. Did you lol?
Oh ok, guess we should give up then and succumb to our corporate overlords
Even better, vote Republican! That will solve your problems! Somehow! Trust me bro!
- totally not a Russian shill
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.
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.