The Biden administration released a new student loan payment plan that would lower monthly payments for millions of borrowers and pause them completely for some. There’s been a freeze on loan repayments throughout the pandemic, but that’s coming to an end in June. The new proposal comes while plans to cancel some of the debt are held up in court. Cory Turner of NPR joined Geoff Bennett to discuss.

\Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG
Find more from PBS NewsHour at https://www.pbs.org/newshour
Subscribe to our YouTube channel: https://bit.ly/2HfsCD6

Follow us:
TikTok: https://www.tiktok.com/@pbsnews
Twitter: http://www.twitter.com/newshour
Instagram: http://www.instagram.com/newshour
Facebook: http://www.pbs.org/newshour

Subscribe:
PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts
Newsletters: https://www.pbs.org/newshour/subscribe

In order to work out a feasible repayment plan with creditors, you need to establish a household budget that sets aside enough money for your family’s basic and essential needs before you can determine how much you can afford for monthly payments.

The amount you can afford to repay creditors is your payment capacity.

Language: English
Presented by Credit Counselling Singapore.

________________________________
Visit Credit Counselling Singapore – https://www.ccs.org.sg

Take our Online Debt Management Course – https://www.ccs.org.sg/get-help/odmc/

Address a Debt Problem – https://www.ccs.org.sg/debt-management/

Arrange for Financial Counselling – https://www.ccs.org.sg/get-help/appointment-documents/

Download Counselling Request Package – https://bit.ly/2y4MyFC

Debt Review Awards Founder Zak King speaks to a well known Debt Counsellor and Credit Provider about their views on the criteria used in the annual peer review of Payment Distribution Agents (PDAs).

For more information about the Debt Review Awards process head to: www.debtreviewawards.co.za