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.
I disagree with you, but your position has some sentiments I can understand. So instead of getting angry, downvoting, and throwing a fit, I am just going to respond calmly:
If you look at the actual details of the plan it’s pretty reasonable.
Lowered interest rates for everyone who are making their payments.
Higher threshold for low income earners to get some forgiveness. This counters your “well-to-do” argument.
Removed by mod
Well this plan is the topic. Or so I thought.
Removed by mod
Ya but it’s was an OP comment. Response to the new plan in that context.
I could see if he was responding to a comment that was about a different plan from before. But it was an un truncated comment that responds to the article.
Removed by mod
You’re right too.
Maybe or maybe not Fox News brain rot. Maybe just addressing the greater discussion of the past times as you said. But I assumed in this context otherwise. There’s a lot of people who don’t read articles and just talk in very broad terms.