The Trump administration has increased the cost of payments and begun garnishing wages from people behind on their student loans.
On Sunday, the Biden Administration launched a beta website for its SAVE (Saving on a Valuable Education) Plan for student loan borrowers.
President Biden's extension of a moratorium on federal student loan debt payments falls short of demands to cancel it altogether as the racial wealth gap continues to widen. Studies show that Black students are affected the most by student debt.
Over the last week a viral meme catapulted into the internet, promising a piece of financial relief under the weight of student loans.
