Biden's proposals to lower student-loan borrowers' monthly payments are 'especially important' as broad debt relief remains blocked due to 'callous Republican opposition,' a Democratic lawmaker says

Jan 11 2023 by Business Insider

 
President Joe Biden.

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Biden announced proposals to reform income-driven repayment plans while his broad debt relief remains blocked. Sen. Bob Menendez said the reforms are especially important as the debt relief heads to the Supreme Court. The administration plans to implement the reforms this year, but the exact timeframe is unclear.

President Joe Biden's broad student-loan forgiveness is in jeopardy — making his proposals to reform repayment plans all the more...

Continue Reading Biden's proposals to lower student-loan borrowers' monthly payments are 'especially important' as broad debt relief remains blocked due to 'callous Republican opposition,' a Democratic lawmaker says