The Supreme Court last month appeared likely to strike down President Biden’s $400 billion student loan write-down. Hate to break the news, but the Administration’s other executive actions could cost even more, judging from a new Congressional Budget Office report.
In addition to waiving $10,000 to $20,000 in debt for nearly all borrowers, the Education Department recently proposed a rule sweetening the Obama income-based repayment plans. Borrowers currently can cap their monthly payments at 10% of discretionary income and have their remaining debt forgiven after 10 to 20 years.
Already a subscriber? Sign In
Sponsored Offers
- DoorDash:
50% off + free delivery on $20 orders with DoorDash promo code - SHEIN:
30% off using this SHEIN coupon code - Wayfair:
Wayfair Coupon - 20% Off - Nike:
Get up to 40% off at Nike - GameStop:
Get up to 60% off best selling video game titles - GameStop coupon code - Barceló:
Hotel Promo: Up to 40% off + Extra 10% off with Barcelo coupon code
