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Biden's Student Loan Forgiveness Plan Was Rejected, but Borrowers Should Absolutely Not Ignore His New SAVE Plan Alternative

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Biden's Student Loan Forgiveness Plan Was Rejected, but Borrowers Should Absolutely Not Ignore His New SAVE Plan Alternative: https://g.foolcdn.com/editorial/images/745146/young-woman-working-on-digital-tablet.jpg

When Joe Biden campaigned for president in 2020, he promised to forgive $10,000 in student debt for all borrowers and reduce monthly payments. After moving into the White House, he attempted to accomplish both goals.

Biden's initial student loan forgiveness plan was rejected by the U.S. Supreme Court. But borrowers should absolutely not ignore his new SAVE Plan alternative.

Image source: Getty Images.

Source Fool.com

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