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.

  • AzuleBlade@lemm.ee
    2·
    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.