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What president Biden’s new student-loan payment plans mean for you

wsj

3 min read . Updated: 13 Jan 2023, 01:12 AM IST Julia Carpenter, The Wall Street Journal

The Education Department is expected to put out a final version of the rules after a 30-day public-comment period (Photo: Jupiterimages) — The Education Department is expected to put out a final version of the rules after a 30-day public-comment period (Photo: Jupiterimages)

Changes to income-driven repayment plans would allow more borrowers to make lower monthly payments and wipe out debt faster

President Biden is revamping income-driven repayment plans as part of a multifaceted approach to overhauling the country’s student loan program.

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