Washington CNN —
While the Supreme Court struck down President Joe Biden’s student loan forgiveness program in late June, a separate and significant change to the federal student loan system is moving ahead.
Eligible borrowers can now enroll in a new income-driven repayment plan that could lower their monthly bills and reduce the amount they pay back over the lifetime of their loans.
If borrowers apply this summer, the changes to their bills are expected take effect before payments resume in October after the yearslong pandemic pause ends. But the Biden administration is encouraging borrowers to apply as soon as possible to make sure the changes happen on
