Congressional Republicans Seek to Block Income-Based Repayment Plan

More than four million student loan borrowers have signed up for a new income-driven repayment plan, the Education Department announced Tuesday as congressional Republicans moved forward with House and Senate resolutions to block that plan.  Louisiana senator Dr. Bill Cassidy, the top Republican on the Senate Health, Education, Labor and Pensions Committee, said in a statement that the plan known as Saving on A Valuable Education (SAVE) would be costly and unfair to borrowers, would result in fewer student loans getting repaid and would incentivize students to take on more debt.