Biden's new student loan plan gains traction as Republicans push back

The Biden administration's new SAVE student loan repayment plan has enrolled over 4 million borrowers since its launch.
The majority of enrollees were transferred from a previous program, but nearly 1 million have applied for SAVE.
SAVE aims to provide affordable payments based on income and family size, with potential $0 monthly costs.
Senate Republicans introduced a measure to repeal SAVE, arguing it burdens taxpayers.
Interest payments restarted in September after a pandemic pause as the first wave of repayments begins.