Biden Tries Again On Student Loans, Cuts Payments For Deadbeats

• The U.S. Department of Education proposed regulations Tuesday that would reduce the monthly bills for certain federal student loan borrowers.
• The new repayment plan could lower monthly payments for certain borrowers to 5% of their discretionary income, from 10%.
• Some borrowers may save $2,000 a year from the change, according to a fact sheet.