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Cake day: June 12th, 2023

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  • 2.5 million people qualified for this plan, one of 5 that were put in place.

    The plan was largely targeting dropouts, because they tend to be most trapped by loans. They don’t get any income benefit from a college degree, and tend to have lower paying jobs. If you’re doing income based repayment at minimum wage, it’s possible for your loan principle to grow continuously.

    I’m not saying it’s perfect, but it definitely would have helped people.