Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments - eviltoast
Senate and House GOP lawmakers introduced bills to block the SAVE income-driven repayment plan ahead of the resumption of student-loan payments.

  • GOP lawmakers have introduced bills to overturn Biden’s new SAVE income-driven repayment plan.

  • The lawmakers say the new plan is an overreach of authority and will cost taxpayers.

  • Borrowers can now apply for the SAVE plan before bills become due next month.

  • Apathy Tree@lemmy.dbzer0.comEnglish
    10·
    1 year ago

    I didn’t sign up yet, because I’m not set to recertify for like a while yet, and I’m trying to avoid paying for a degree doing me no good.

    I’m currently on a $0 repayment, and have been for a long while, but I’ve been making a regular paycheck for the last year, and if I had needed to recertify since 2020 I’d have had to pay.

    I don’t know if it would impact my repayment/certification to apply, but I won’t be employed soon anyway, so I’m putting it off as long as I can.

    But I also don’t know that it’s ever going to be implemented anyway… republicans seem really into screwing us poors. I’ll just wait.

    • AzuleBlade@lemm.ee
      1·
      1 year ago

      I went ahead and switched to the SAVE plan. You can actually go through the application process and near the end of it, they’ll provide you a list of plan options and how much you’ll have to pay, if any. If you would have to start paying, you can quit the application and no changes will be made to your current plan / certification and at least you won’t get “sticker shock” down the road and can start planning.