This past fall, with student loan payments set to resume after the pandemic pause, dread was setting in. My pre-pandemic monthly payments had been a crippling burden that made saving money impossible; the pause was a lifeline that had allowed me to pursue a graduate degree and open my first-ever savings account. For more than three years, the dark rain cloud that had followed me everywhere had cleared. Now it was back.
Out of options and running up against the deadline, I heard about the Biden administrations new Saving on a Valuable Education repayment plan, or SAVE, which was announced at the end of August.
Hunched over my laptop, I took a leap of faith, unsure if it would help meespecially because my debt burden had grown by 43 percen…
Read the full article at: https://washingtonmonthly.com/2024/01/16/psst-joe-biden-has-solved-the-student-debt-crisis/