U.S. Sen. Kirsten Gillibrand is now pushing to codify President Joe Biden’s income-driven student loan repayment program.
Currently, more than 7.7 million federal student loan borrowers are enrolled in the Saving on a Valuable Education (SAVE) Plan, including nearly 300,000 New Yorkers.
According to a federal student aid website, the Save Plan decreases monthly payments by increasing the income exemption from 150% to 225% of the poverty line.
You can apply to the program by visiting here.