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Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

www.businessinsider.com

Republican lawmakers launch an effort to block student-loan borrowers from enrolling in Biden's new plan intended to lower monthly payments

  • GOP lawmakers have introduced bills to overturn Biden's new SAVE income-driven repayment plan.
  • The lawmakers say the new plan is an overreach of authority and will cost taxpayers.
  • Borrowers can now apply for the SAVE plan before bills become due next month.
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