I'm going to talk about student loans until I'm blue in the face, and you probably know that the Biden administration opened up a new loan repayment plan.

It is called the SAVE Plan.

It says this new repayment program opens today for more than 20 million student loan borrowers. And these payments are based

on their income and their family size. Okay. The Biden administration announced that the savings on a

valuable education program, that's the acronym. I don't know why they do that. They just want

something to sound good. So it's really just called the save plan. It's freaking freaking bureaucrats. That's all they do. They just want something to sound good. So it's really just called the save plan.

It's freaking bureaucrats.

That's all they do.

They just want it to sound special.

Just know it's called the save plan. Okay.

It's one of the many, I should say one of the four income driven repayment plans.

This is the newest one because the program will calculate your monthly payment, like I said, based on your income,

your family size.

And the hope that they're hoping is that it will help you, quote, save money on payments.

Now let's stop right there.

The way we teach, I don't want you to save money on payments.

I want you to pay the thing off.

So I don't want your payment to go lower necessarily. I want you to spend more money monthly towards your debt so it can go away faster, right?

All right. Can I point out that there's some shenanigans in this? There are some shenanigans. This is what you need to understand. And don't get sucked into this. I'm just going to, I'm going to give it right back to you where you were, but I want to point out why Jade's right. This program is an end around the Supreme

Court's decision. The Supreme Court said that Biden acted illegally in trying to forgive student

loans. So what does the Biden administration do? They come up with this nifty little program,

and this is in the fine print.

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