They're not asking to cancel student debt. They just want the cheaper payments they were promised.

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They're not asking to cancel student debt. They just want the cheaper payments they were promised.

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They're not asking to cancel student debt. They just want the cheaper payments they were promised.

^{Published on 2025-03-01 11:41:06 - MSN}

One Trump-voting student-loan borrower is disappointed to lose cheaper payments: "They're just going to leave everybody to either pay it or suffer."

The article from MSN discusses the ongoing issues surrounding student loan repayment following the Supreme Court's decision to strike down President Biden's student debt relief plan. Despite the setback, the Biden administration has introduced a new income-driven repayment plan called SAVE (Saving on a Valuable Education), which aims to lower monthly payments for many borrowers. This plan adjusts payments based on income and family size, potentially reducing payments to zero for some, and caps interest to prevent loan balances from growing if payments are made on time. The article highlights the frustration among borrowers who were expecting relief or at least a return to the more manageable payment terms they had before the payment pause during the health crisis. Many are now facing higher payments than anticipated, leading to calls for better communication and implementation of the SAVE plan to ensure borrowers receive the financial relief they were promised.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/they-re-not-asking-to-cancel-student-debt-they-just-want-the-cheaper-payments-they-were-promised/ar-AA1A21ZQ ]

Contributing Sources

MSN

N@N

They're not asking to cancel student debt. They just want the cheaper payments they were promised.