Student loan payments kicking into gear, wonder what it will do

by TheRealJugger

You’re all in luck: “Borrowers with the lowest projected lifetime earnings will see payments per dollar borrowed fall by 83%”

For reduced payment:

https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/22/fact-sheet-the-biden-harris-administration-launches-the-save-plan-the-most-affordable-student-loan-repayment-plan-ever-to-lower-monthly-payments-for-millions-of-borrowers/

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For the not being fully penalized first year:

https://www.cnbc.com/2023/07/05/biden-gives-student-loan-borrowers-some-leeway-when-payments-restart.html

Interest will still be added to the principal. Biden cares just enough to talk about this during re-election time