Plan targets borrowers who accrued high level of interest on debt and those who have been in repayment for at least 20 years

Plan targets borrowers who accrued high level of interest on debt and those who have been in repayment for at least 20 years

Archived version: https://archive.ph/wuLke

  •  Midnitte   ( @Midnitte@beehaw.org ) English
    5•3 months ago

    Not sure discharged loans work that way, but Biden’s SAVE plans already eliminated interest for the most vulnerable, and already promised erasure after 20 years.

    And after 20 or 25 years, any remaining debt gets erased.

    Not sure that’s something that will be made permanent with the way congress works…