• Lovable Sidekick@lemmy.world
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    1 year ago

    It says “Trump’s changes to income-driven repayment plans.”

    I don’t get it - aren’t student loans fixed amounts, with monthly payments calculated to pay off the loan after a certain amount of time? How can they just raise the payments?

    Not much detail in the article but it does mention Biden’s student debt forgiveness plan being blocked and Trump pausing applications for some income-dependent payment thing. Are we seeing people whose payments would have been reduced by either of those suddenly not having them available anymore?