Will The Supreme Court Kill Student Loan Relief?
Big Take
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Student Loan Forgiveness
The Biden administration is also looking into a new income-driven repayment plan. That role would cap borrowers' monthly payment at 5% of their monthly discretionary income that's down from 10%. And the government would also forgive balances of $12,000 or less after a borrower has made 10 years of payments down from 20 years right now.
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