Student loan borrowers are facing complications and confusion with the restart of payments as President Biden’s new income-driven repayment (IDR) plan hits snags in its implementation. Before payments restarted after a three-year pandemic break, the Biden administration pushed the Saving on Valuable Education (SAVE) plan to help lower monthly payments, but it has been giving…
Student loan borrowers are facing complications and confusion with the restart of payments as President Joe Biden’s new income-driven repayment (IDR) plan hits snags in its implementation.
The resumption of student loan repayments after a three-year hiatus kicked in Oct. 1. This follows the Supreme Court striking down President Biden's student loan forgiveness program in a 6-3 June.
The resumption of student loan repayments after a three-year hiatus kicked in Oct. 1. This follows the Supreme Court striking down President Biden's student loan forgiveness program in a 6-3 June.
Just a few days following the resumption of student loan payments, President Joe Biden announced on Oct. 4 that an additional 125,000 Americans have been approved for $9 billion in debt relief. See:.