The plan would affect millions of borrowers struggling with runaway interest and others who were still paying off loans after decades. It was set to take effect this fall. United States Politics and Government, Student Loans, Decisions and Verdicts, Courts and the Judiciary, Education Department (US), Biden, Joseph R Jr, Supreme Court (US) The plan would affect millions of borrowers struggling with runaway interest and others who were still paying off loans after decades. It was set to take effect this fall. NYT > Business