to do so. After the decision, Biden said he’d find a “new path” consistent with the ruling “to provide student debt relief to as many borrowers as possible as quickly as possible.”
Under the program, borrowers with undergraduate loans will have their payments reduced from 10% to 5% of their discretionary income. Those who have undergraduate and graduate loans will pay a weighted average between 5% and 10% of their income based upon the original principal balances of their loan.
Sabrina Eaton writes about the federal government and politics in Washington, D.C., for cleveland.com and The Plain Dealer.
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