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For several years, all federal student loan borrowers had their loans effectively paused with no interest accrued.
With rising inflation and an overall higher cost of living,student loan borrowersnationwide rejoiced.
Fast-forward to today, andstudent loanshave resumed for tens of millions of borrowers.
At the same time, the Biden administration has successfully implemented student loan forgiveness for some.
In addition, the Biden Administration created the new SAVE income-driven repayment (IDR) student loan repayment plan.
However,AP reportedRepublican-led states are standing in the way of the SAVE plan.
However, if Harris is elected president this November, more student loan forgiveness and reforms could be coming.
A possible Harris administration would likely fight for the passage of this new plan.
Harris Might Push the College for All Act
In 2017, Senator Bernie Sanders introduced theCollege For All Act.
Harris supports this initiative and could take action to help push this bill through Congress.
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