Biden Administration Launches New Student Loan Payment Plan

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The new “Saving on a Valuable Education” plan raises the qualification for $0 payments from 150 percent of the federal poverty guidelines to 225 percent.

The Department of Education site is currently in beta and was down as of Sunday afternoon, but it is set to fully launch in August after the department

monitors some site performance, according to CNN. It came a month after the Supreme Court struck down the Biden administration’s plan for student debt forgiveness.

 

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