only applies to loans taken out prior to July 1, 2022. In other words, it doesn't even apply to student loans taken out after July 2022 for the 2022-23 academic year. The plan does propose a new income-driven repayment plan that caps payments at 5% of the borrower's discretionary income, he says, but it does nothing to fix the underlying problem that the cost of college is rising at an astronomical rate.
Simpson says he feels the same way about TikTok financial advice as he does about professional athletes, actors, musicians and entertainers giving financial or political advice. You should strive to take advice from experts who know what they are talking about and don’t take a person’s word that they are an expert without checking to make sure.
And wary of information from POTUS