Biden Administration has my vote!
As we know the Supreme Court struck down the Biden Harris administration student loan forgiveness plan. It was a bad ruling but unsurprising given the current makeup of the Supreme Court.
Pause on student loan repayments is ending on September 1st and will be due in October.
However, in response to the ruling and to help borrowers, the Biden Harris administration is launching the SAVE plan, which is the most affordable student loan repayment plan ever!
This plan does a lot of Great Stuff!
-It cuts in half the percentage that borrowers have to pay each month
-It forgives all loans after 10 years, Not 20
-Low income borrowers may only have to pay as little as $0 per month under this plan.
That's a pretty big deal.
-It also stops interest that leaves borrowers owing more than their initial loan.
This is is really a glimmer of hope that more of our younger generation will continue to get educated. Education has already yielded so many positive benefits politically.
https://studentaid.gov/manage-loans/...bt-relief-info
Student loans should not be a barrier to an education.