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.

  • snipvoid
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    1 year ago

    And you still only got $20k.

    Why not 40k?

    • Dr Cog@mander.xyz
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      1 year ago

      Because Republicans blocked the debt relief, nobody got 20k. You really haven’t been paying attention, have you?

      • Cryophilia@lemmy.world
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        1 year ago

        Hard to pay attention when you have to worry about Ukranian drones because you’re a fascist tool

        • Dr Cog@mander.xyz
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          1 year ago

          Russia: attacks Ukraine

          Ukraine: attacks back

          Tankies: wow, I can’t believe Ukraine would do this