President Joe Biden on Tuesday launched a promotional blitz for his new program that helps student loan borrowers repay their debt, just weeks before millions of Americans are set to receive a loan bill for the first time since the beginning of the pandemic.
The Biden administration is mobilizing to convince borrowers across the country to sign up for the new income-driven repayment program — dubbed the “SAVE plan” — which caps interest accrual and lowers the monthly payment amount for many borrowers.
“It’s the most affordable student loan plan ever,” Biden said in a video released by the White House on Tuesday, describing the program as a major reform to a student loan system “that hurt borrowers for much too long.”
“If you’re eligible for the SAVE Plan, sign up now so you can lower your monthly payments in advance of payments resuming this fall,” Biden said.
Hey bud. College educated here. And that degree has done jack shit for me to get into the field of cloud computing. Just a weight I carry now because every cloud job tells me “oh you have the degree? That’s cool but that degree just means you know the basics. Get x y and z certs. Btw you have to pay for them yourself. And on top of that we want 3-5 years of experience in the field as well. So see you in 2030!”
Great. So you’ll get the certs and then you’ll be making 180k and you’ll be able to afford your loans.