repayment
On Friday, the 8th Circuit Court of Appeals placed a preliminary injunction on President Joe Biden’s SAVE income-driven repayment plan, intended to lower monthly payments and shorten the timeline for relief for the 8 million borrowers enrolled.If this sounds familiar, that’s because it is: on July 18, the 8th Circuit…
The Education Department has updates on the next steps for student-loan borrowers enrolled in President Joe Biden’s new repayment plan.On July 18, the 8th Circuit Court of Appeals ruled that the SAVE income-driven repayment plan, intended to lower borrowers’ monthly payments and give them a shorter timeline for debt cancellation,…
A major repayment plan for millions of student-loan borrowers is once again blocked.On Thursday, the 8th Circuit Court of Appeals ruled that the SAVE plan, intended to lower borrowers’ monthly payments and give many of them a shorter timeline for loan forgiveness, cannot be implemented as the legal process continues.It…
The legal roller coaster for millions of student-loan borrowers on President Joe Biden’s new repayment plan continues.A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges…
On Monday, two separate rulings from federal judges in Kansas and Missouri placed preliminary injunctions on key provisions in the SAVE income-driven repayment plan. These included blocking a shorter timeline for student-loan forgiveness and new provisions set to go into effect on July 1, including lower monthly payments for undergraduate…
President Joe Biden’s new student-loan repayment plan just got dealt two blows by federal courts.Earlier this year, the Education Department started implementing a SAVE provision ahead of schedule that canceled student debt for borrowers with original balances of $12,000 or less who made as few as 10 years of qualifying…
Student-loan borrowers enrolled in President Joe Biden’s new repayment plan may have just gotten some relief from legal challenges.The states requested that the court stop the SAVE plan’s implementation. Kansas District Judge Daniel Crabtree issued his response on June 7, and he said that only three states — South Carolina,…
