Biden's proposals to lower student-loan borrowers' monthly payments are 'especially important' as broad debt relief remains blocked due to 'callous Republican opposition,' a Democratic lawmaker says
President Joe Biden's broad student-loan forgiveness is in jeopardy — making his proposals to reform repayment plans all the more important, a Democratic lawmaker said.proposals to reform income-driven repayment plans, which are intended to give borrowers affordable monthly payments based on their income, with the promise of forgiveness after at least 20 years.
"These decisive actions will help transform the lives of millions of Americans by lowering student loan payments for borrowers and will make it easier for them to finally purchase their first home, open a small business, retire, or even start a family, which many of them may have postponed because of their student debt," he added.
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