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Biden Administration Unveils Student Loan Repayment Plan

August 22, 2023
The Biden Administration has unveiled a student loan repayment initiative that is set to benefit over 20 million borrowers. The Saving on a Valuable Education (SAVE) plan introduces an income-driven repayment (IDR) model that calculates monthly payments based on a borrower’s income and family size, rather than their loan balance, the White House said in […]