The Biden administration has begun the process of creating a new plan for widespread loan cancellation and implementing the SAVE Plan, which will cut monthly payments to $0 for millions of borrowers. There will also be a 12-month “on-ramp” period to ease borrowers back into making payments.
Although several of the Teamsters’ demands have been met, the union is still pushing to raise wages for part-time workers at UPS, who earn a minimum of only $16.20 per hour. "These part-timers are working at poverty wages," Teamsters President Sean O'Brien said.
For many borrowers, qualifying monthly payments that should have moved them closer to forgiveness were not accounted for, effectively forcing them to make extra payments under their IDR plans.
Opill is the first ever birth control pill to be approved for over-the-counter sales. The medication will likely become available at stores and online retailers in the U.S. in early 2024.