The Massachusetts senator talked about what's getting lost in our $10,000-per-person relief package in an interview with Jezebel.
cancel up to $10,000
for people making less than $125,000 for individuals and $250,000 for married couples. Pell Grant recipients can see up to $20,000 in loan forgiveness: a great and life-changing amount! Getting lost in that positive sticker shock is changes to the income-driven repayment plan. Until Biden’s announcement, people were paying 10 percent of their income;“Student loan debt repayment before was always focused on how much money you borrowed. The more you borrow, the bigger your payment was. The problem, of course, is that the poorer you are, the more you borrow,” Warren told Jezebel.
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