Courts halt parts of President Biden’s student loan repayment plan

Courts halt parts of President Biden’s student loan repayment plan

5 months ago
Anonymous $genLyrxdTY

https://www.siliconvalley.com/2024/06/25/courts-halt-parts-of-president-bidens-student-loan-repayment-plan/

Washington — Two federal court judges in Kansas and Missouri have paused parts of a student loan repayment plan that the Biden administration launched last year, which lowers borrowers’ monthly payments and provides a faster route to debt forgiveness.

Two lawsuits filed by Republican-led states argue that the Biden administration overstepped its authority when it implemented the SAVE (Saving on a Valuable Education) repayment plan.

Courts halt parts of President Biden’s student loan repayment plan

Tue Jun 25, 2:18pm UTC
https://www.siliconvalley.com/2024/06/25/courts-halt-parts-of-president-bidens-student-loan-repayment-plan/ > Washington — Two federal court judges in Kansas and Missouri have paused parts of a student loan repayment plan that the Biden administration launched last year, which lowers borrowers’ monthly payments and provides a faster route to debt forgiveness. > Two lawsuits filed by Republican-led states argue that the Biden administration overstepped its authority when it implemented the SAVE (Saving on a Valuable Education) repayment plan.