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   Nonilex (nonilex@masto.ai)'s status on Tuesday, 25-Jun-2024 11:13:18 JST Nonilex

   Courts grant injunctions against Biden’s student loan repayment plan

   The future of President #Biden’s new #StudentLoan repayment plan is in doubt after a pair of federal judges issued separate #injunctions Mon preventing the govt from fully implementing & forgiving any more loans through the program while they consider lawsuits to end the #policy.

   #law #StudentLoanForgiveness #StudentDebt #SAVE #debt #poverty
   https://www.washingtonpost.com/education/2024/06/24/student-loan-repayment-plan-lawsuits/

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 25-Jun-2024 11:13:43 JST Nonilex

     in reply to

     Borrowers who also have #graduate #loans would have had their payments lowered by the weighted avg between 5% & 10%.
     
That feature of the plan, which launched in Oct, will be shelved while a lawsuit is litigated.

     Crabtree, who was appointed by President Barack Obama, wrote that the #Education Dept failed to clearly show that #Congress authorized the repayment plan created by the #Biden admin in 2023.

     #law #StudentLoanForgiveness #StudentDebt #SAVE #debt #poverty

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     Nonilex (nonilex@masto.ai)'s status on Tuesday, 25-Jun-2024 11:13:44 JST Nonilex

     in reply to

     The rulings leave myriad questions about whether borrowers can still enroll or receive promised #LoanCancellation. Millions of Americans could be affected.
     
In #Kansas, US Dist Judge Daniel D. Crabtree blocked the #Biden admin from launching the final component of the Saving on a Valuable #Education program, commonly known as #SAVE. Borrowers w/ #undergraduate #debt were set to see their payments cut in half in July — from 10% to 5% of income above 225% of the federal #poverty line.

     #law