Amid new student loan debt relief, Education Secretary Cardona warns of Republican opposition
As the Biden-Harris administration announced additional student debt relief this week, it warned that future efforts to broaden student debt cancellation and reduce the cost of education are in jeopardy due to Republican opposition. Borrowers who took out loans of $12,000 or less and made payments for 10 years will have their debt forgiven, the White House announced on Friday.The Saving on a Valuable Education Plan (SAVE) reduces monthly payments from 10% to 5% of a borrower’s discretionary income. “The […]