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.

  • Wrench@lemmy.world
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    1 year ago

    I don’t see that as helping anyone. You’re protesting from a point of privilege. Those that aren’t can be seriously financially harmed by following your example.

    It’s like throwing the first stone at a peaceful protest when your daddy is powerful and can get you out of consequences.

    • CryptoRoberto
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      1 year ago

      Gee, we should all just sit on our hands and piss our pants for progress. It gets more done. How did I not see this before.