• 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.

    • Burn_The_Right@lemmy.world
      link
      fedilink
      arrow-up
      14
      ·
      1 year ago

      Because conservatives said so! Now, stop acting so uppity and get back to work at one of your minimum wage jobs before supply-side Jesus gets mad again!

    • Astroturfed@lemmy.world
      link
      fedilink
      arrow-up
      3
      ·
      1 year ago

      What?.. Whenever these two subjects are broached they are always only talking about government loans. While all of these loans are serviced by a company, the debt is owned by/owed to the federal government. So, loan forgiveness is a direct cost to the taxpayer. Claiming otherwise is just silly.

  • MasterBlaster@lemmy.world
    link
    fedilink
    arrow-up
    21
    ·
    1 year ago

    This is a brilliant way to win the next generation! I swear, the GOP is being directed by Month Python’s Flying Circus. It’s like the ministry of silly walks.

  • Apathy Tree@lemmy.dbzer0.com
    link
    fedilink
    English
    arrow-up
    19
    arrow-down
    2
    ·
    edit-2
    1 year ago

    I didn’t sign up yet, because I’m not set to recertify for like a while yet, and I’m trying to avoid paying for a degree doing me no good.

    I’m currently on a $0 repayment, and have been for a long while, but I’ve been making a regular paycheck for the last year, and if I had needed to recertify since 2020 I’d have had to pay.

    I don’t know if it would impact my repayment/certification to apply, but I won’t be employed soon anyway, so I’m putting it off as long as I can.

    But I also don’t know that it’s ever going to be implemented anyway… republicans seem really into screwing us poors. I’ll just wait.

    • AzuleBlade@lemm.ee
      link
      fedilink
      arrow-up
      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.

  • OldWoodFrame@lemm.ee
    link
    fedilink
    arrow-up
    9
    arrow-down
    4
    ·
    1 year ago

    They can force a vote in the House but they can’t make it law without quite a few Democrats so this isn’t actually happening.