Corey Turner

Yeah, it was August 2023. And a lot has happened since then. In that episode, I was talking about President Biden's big new student loan repayment plan, the Saving on a Valuable Education Plan, or if you love acronyms, SAVE. He rolled it out after the Supreme Court struck down his big effort to outright forgive billions of dollars in federal student loan debt.

Yeah, it was August 2023. And a lot has happened since then. In that episode, I was talking about President Biden's big new student loan repayment plan, the Saving on a Valuable Education Plan, or if you love acronyms, SAVE. He rolled it out after the Supreme Court struck down his big effort to outright forgive billions of dollars in federal student loan debt.

As repayment plans go, Save is radically more flexible and generous and forgiving, really, than anything that has come before. And I want to give you one example here, Alexi. A borrower I've spoken to a few times over the past year, his name is Carlos Sanchez of Texas. He took out a ton of student loan debt to put his three children through state schools.

As repayment plans go, Save is radically more flexible and generous and forgiving, really, than anything that has come before. And I want to give you one example here, Alexi. A borrower I've spoken to a few times over the past year, his name is Carlos Sanchez of Texas. He took out a ton of student loan debt to put his three children through state schools.

As repayment plans go, Save is radically more flexible and generous and forgiving, really, than anything that has come before. And I want to give you one example here, Alexi. A borrower I've spoken to a few times over the past year, his name is Carlos Sanchez of Texas. He took out a ton of student loan debt to put his three children through state schools.

Before he enrolled in SAVE, his monthly payment was over $1,000.

Before he enrolled in SAVE, his monthly payment was over $1,000.

Before he enrolled in SAVE, his monthly payment was over $1,000.

Ah, the rest of the story, Alexi, is that Carlos did not have much time to enjoy those save benefits.

Ah, the rest of the story, Alexi, is that Carlos did not have much time to enjoy those save benefits.

Ah, the rest of the story, Alexi, is that Carlos did not have much time to enjoy those save benefits.

That turmoil was a bunch of Republican state attorneys general sued the Biden administration, arguing that the SAVE plan is illegal.

That turmoil was a bunch of Republican state attorneys general sued the Biden administration, arguing that the SAVE plan is illegal.

That turmoil was a bunch of Republican state attorneys general sued the Biden administration, arguing that the SAVE plan is illegal.

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.