Analysis: Biden IDR Plan Could Save Borrowers $630 Billion Over 10 Years, More than Cancellation

According to 2022 Department of Education data, about 9 million borrowers out of the approximately 43 million total use an income driven repayment plan (IDR). Under the Biden IDR plan, it is almost certain that millions more will sign up, but the question is how many? Assuming no additional borrowers sign up for IDR, experts […]

The post Analysis: Biden IDR Plan Could Save Borrowers $630 Billion Over 10 Years, More than Cancellation appeared first on Student Loan Planner.

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