"Biden's Student Loan Plan: Zero Payments and Legal Battles Await"

1 min read
Source: Yahoo News
"Biden's Student Loan Plan: Zero Payments and Legal Battles Await"
Photo: Yahoo News
TL;DR Summary

The Biden administration's new student loan repayment plan, known as the SAVE Plan, is set to offer lenient terms, including reduced monthly payments and potential debt cancellation. While it has been overshadowed by Biden's proposal for mass student loan cancellation, the plan is now in the spotlight after the Supreme Court struck down the forgiveness plan. Republicans argue that the plan oversteps the president's authority, and opponents believe it may face a legal challenge. The plan aims to simplify repayment options and provide relief to millions of borrowers, but critics argue it is an unfair perk and a form of free college. The legality of the plan is still a subject of debate.

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