Borrowers can now apply for new, income-based student loan repayment
More than 20 million borrowers are eligible under the new repayment plan, and many will see lower payments.
A new repayment program opens today to more than 20 million student loan borrowers, with payments based on their income and family size.
The Biden administration announced the Saving on a Valuable Education (SAVE) program earlier this summer, following the Supreme Court's decision to overturn their proposed loan cancellation program.
"We refuse to go back to those days before
