The Biden administration is pushing the SAVE Plan as their next initiative for student loans after the Supreme Court rejected the Biden Student Loan Forgiveness Plan. But will the SAVE Plan hold up in court?
The Biden administration calls SAVE Plan a student loan safety net
Opponents of the Biden administration call the SAVE Plan a backdoor to make college free. And SAVE Plan could be the next battleground in the legal fight after the s Biden Student Loan Forgiveness Plan.
Starting this summer, millions of people with student loans will enroll in a new repayment plan. But if the SAVE plan pursues, the remaining debt will be canceled.
The SAVE Plan was forgotten because of Student Loan Forgiveness Plan. But now, after the Supreme Court rejected Biden’s forgiveness plan, the SAVE plan is taking center stage.
The SAVE plan is the option of the Biden Administration
Biden used the SAVE plan as an alternate approach to cancel student debt loans or shifted attention to the lesser initiative, calling the SAVE plan the most affordable repayment plan ever.
Biden’s student loan SAVE plan cuts payments to $0, and others will be forgiven in 10 years.