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The Biden administration hasn’t been shy about spending money, and spending on higher education policy has been no exception. The most obvious channel for (attempted) spending was the illegal plan to cancel $10,000 to $20,000 in student debt for most borrowers that was halted by the Supreme Court. But there’s another plan in the works that’s slated to cost even more, and yet it has gone largely under the radar due to its impacts being less immediately apparent. That is, a revision to the student loan repayment system that would allow borrowers to pay back, in many cases, far less than what they’ve borrowed.