{"id":1986672,"date":"2023-07-31T10:41:04","date_gmt":"2023-07-31T14:41:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-fight-with-supreme-court-as-he-launches-student-loan-forgiveness-website\/"},"modified":"2023-07-31T10:42:10","modified_gmt":"2023-07-31T14:42:10","slug":"biden-pushes-fight-with-supreme-court-as-he-launches-student-loan-forgiveness-website","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-fight-with-supreme-court-as-he-launches-student-loan-forgiveness-website\/","title":{"rendered":"Biden launches student loan forgiveness site, intensifies Supreme Court battle."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-pushes-fight-with-supreme-court-as-he-launches-student-loan-forgiveness-website%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1986672&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>The White House Launches New Student Loan Payment Initiative<\/h2>\n<p>The White\u2064 House is taking steps to assist\u2063 borrowers with their <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-new-student-loan-bailout-plan-would-cost-475b-over-next-decade\/\" title=\"Biden's student loan bailout plan: 5B over next decade.\">student loan\u200b payments<\/a> through a new initiative called the Saving on a Valuable Education (SAVE) Plan.\u200b This <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-to-allow-40k-borrowers-to-have-student-loans-eligible-for-public-service-loan-forgiveness-program\/\" title=\"Biden Admin to Allow 40k Borrowers to Have Student Loans Eligible for Public Service Loan Forgiveness Program\">income-driven repayment plan<\/a>,\u200d introduced by the Biden administration, aims to provide relief to\u200d millions of borrowers. The initiative is currently in beta testing and is set to be fully launched in August.<\/p>\n<h3>Applying for the \u2064SAVE Plan<\/h3>\n<p>The White House has opened applications for the SAVE Plan, allowing borrowers to participate in the beta testing \u2064phase. By\u200d submitting an Income-Driven Repayment (IDR) application now, borrowers can help refine the processes before the official launch.\u2063 It is important to note that applications may be intermittently available during this\u200b testing period. However, if the application is not accessible, \u200capplicants are encouraged to\u200c try again later. A \u2062confirmation email will be \u200dsent \u2062after the application has \u200dbeen submitted.<\/p>\n<h3>The New Approach<\/h3>\n<p>The SAVE Plan was \u2064introduced in response to the Supreme Court&#8217;s rejection of President Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-pushes-fight-with-supreme-court-as-he-launches-student-loan-forgiveness-website\/\" title=\"Biden launches student loan forgiveness site, intensifies Supreme Court battle.\">broader student loan\u200d forgiveness plan<\/a>. While the previous plan aimed to eliminate up to $20,000 in student loan debt for many\u200c borrowers, the SAVE Plan takes a different approach. \u2063It adjusts monthly payments based \u200con income and\u200b household size, allowing borrowers to repay their \u200dloans at\u200d a more manageable\u2062 pace. Notably, \u200dthe maximum\u200d income threshold for zero-dollar monthly payments has been raised from 150% to 225% \u2064of the poverty line.<\/p>\n<h3>Benefits of \u2062the SAVE Plan<\/h3>\n<p>The Department of Education estimates that the increased income threshold will enable an additional 1 million borrowers to\u200b qualify for zero-dollar monthly payments without facing \u2062delinquency\u200d or default. Furthermore, borrowers\u200b who consistently make their full payments each month will not accrue unpaid interest. This initiative is part of the Biden administration&#8217;s broader efforts to address the student loan crisis\u2063 and provide relief \u2062to borrowers.<\/p>\n<p>Alongside the SAVE Plan,\u200d the Biden administration is also working on changing the calculations for forgiveness under the\u2063 Higher Education Act, aiming to alleviate $39 billion in student loan \u200ddebt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House tests website for SAVE Plan, an income-driven repayment initiative for student loans. This follows the Supreme Court&#8217;s rejection of President Biden&#8217;s broader loan forgiveness proposal. The site aids borrowers in applying for the program, aimed at reducing the cost of education.<\/p>\n","protected":false},"author":1,"featured_media":1986673,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1986672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1986672"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1986672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1986673"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1986672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1986672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1986672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}