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Education Department to pause student loan payments for millions amid legal battle
PUBLISHED FRI, JUL 19 20246:34 AM EDTUPDATED FRI, JUL 19 20247:57 AM EDT
KEY POINTS
The U.S. Department of Education says it will pause millions of student loan borrowers payments while it defends its relief plan against legal challenges.
Borrowers enrolled in the Biden administration’s new repayment plan, known as SAVE, will be placed “in an interest-free forbearance,” according to a statement from U.S. Secretary of Education Miguel Cardona.
The U.S. Department of Education says it will pause millions of student loan borrowers’ payments while it defends its relief plan against legal challenges.
Borrowers enrolled in the Biden administration’s new repayment program, known as SAVE, will be placed “in an interest-free forbearance,” according to a statement from U.S. Secretary of Education Miguel Cardona.
A federal appeals court in Missouri issued a ruling on Thursday blocking the entire plan, which the White House says roughly 8 million people are enrolled in.
Lawsuits by Republican-led states, including Arkansas, Florida and Missouri, argue that the Biden administration overstepped its authority with SAVE, or Saving on a Valuable Education, and essentially was trying to find a roundabout way to forgive student debt after the Supreme Court blocked its sweeping plan in June 2023.
Missouri Attorney General Andrew Bailey, a Republican, wrote Thursday on X that the ruling against SAVE was a “HUGE win for every American who still believes in paying their own way.”
“The Court granted our emergency motion to BLOCK Joe Biden’s entire illegal student loan plan, which would have saddled working Americans with half-a-trillion dollars in Ivy League debt,” Bailey wrote.
Just 0.3% of federal student borrowers attended Ivy League colleges, according to an estimate by higher education expert Mark Kantrowitz. (Why does that matter? Everyday Americans should not have to pay off student loan debt!)
FUCK JOE BIDAN
https://www.cnbc.com/2024/07/19/education-department-to-pause-save-student-loan-payments-amid-legal-battle.html
Agreed or take the billions of bribes and theft back from the whole Bidan family and their WW Mafia. Oh and take back the billions from Ukraine that were stolen
Kek I’m still laughing about that last line, sounds like something I’d say in my mind
This is the picture of the shooter on the roof. The guy has long and straight brown hair, it doesn’t even closely look like the scrawny little kid ir his hair. Took this off a video from the War room
Didn’t he have different colored clothes on