Huge changes to monthly student loan repayments under new Republican plan
House Republicans have unveiled their plan to change how millions of Americans pay back their student loan debt. The move, which will upend Obama and Biden-era policies, comes as the Trump administration has vowed no 'mass loan forgiveness'. The administration is also gearing up to garnish people's wages starting May 5 if they have defaulted on their student loans. The GOP framework officially repeals former President Joe Biden's SAVE plan, which offered lower monthly payments than any other income-driven repayment plan.
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