Biden’s 'SAVE Plan' radically overhauls the Income-Driven Repayment program meant to aid lower-income borrowers and turns it into yet another massive loan forgiveness scheme.
radically overhauls the Income-Driven Repayment program meant to aid lower-income borrowers in paying back their loans and turns it into yet another massive loan forgiveness scheme.
President Biden responds to the Supreme Court's decision on the administration's student debt program at the White House on June 30, 2023. This week, my Republican colleagues and I introduced a Congressional Review Act resolution of disapproval to block this unfair and irresponsible IDR policy. The resolution prevents average Americans, 87% of whom don’t have student loans, from carrying the financial burden of someone else’s student debt.
While tuitions at universities have increased, the federal government has made more money available for students to borrow. This has left too many students drowning in debt without a path for success. We need real solutions.
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