Biden Launches ‘Beta Version’ of Revised Student Loan Repayment Plan

Facing pushback from the Supreme Court, the Biden administration has proposed another scheme to keep its election promise to have taxpayers step in for student debt.

President Joe Biden gives remarks on student debt relief at Delaware State University in Dover, Del., on Oct. 21, 2022. Anna Moneymaker/Getty Images

The Department of Education has started the process of enrolling student loan borrowers into its Saving on a Valuable Education (SAVE) plan, just weeks after the U.S. Supreme Court quashed the Biden administration’s attempt to forgive billions of dollars in student loans.

SAVE is an Income-Driven Repayment (IDR) plan.