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.
It’s almost like a powerful political group has a lot of influence on who gets to be part of said party and wins the primaries. Or they can eat shit sandwiches and ride tricycles around the circus tent and be an unadulterated clown show. It’s a good thing they never put their fingers on the scale unless the mega donors like Goldman Sachs wants someone though. Gotta keep it cash money up in the corporate housing.