Tag: repaye

Biden Admin. Proposes New Student Loan Repayment Plan

A new proposal from the Biden administration would reduce monthly student loan bills for some federal borrowers while stopping payments completely for those making less than $30,600 a year, the Department of Education revealed Tuesday. “Today, we’re making a new promise to today’s borrowers and for generations to come: Your student loan payments will be affordable,” Secretary of Education Miguel Cardona said to reporters on Monday. “You won’t be buried under an avalanche of student interest, and you won’t be saddled with a lifetime of debt.”

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