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Jason Delisle – Urban Institute, 2023
The Biden administration is implementing a new income-driven repayment (IDR) plan for federal student loans called Saving on a Valuable Education (SAVE). The SAVE plan adds to existing IDR plans and reduces borrowers' monthly payments and shortens the time certain borrowers must repay before their debts are forgiven compared with current options.…
Descriptors: Public Service Occupations, Student Loan Programs, Loan Repayment, Federal Programs
Van Horn, Carl; McCarthy, Mary Alice – New America, 2021
The Congressional Budget Office (CBO) recently projected record-breaking growth in 2021, but it is premature to celebrate this rosy macroeconomic picture. In the same document, the CBO also made an alarming prediction: The U.S. labor market will not fully recover until 2024. Recent U.S. jobs reports reveal the depth of the pandemic-created…
Descriptors: Economic Climate, Labor Market, COVID-19, Pandemics