Student Loan Borrowers Waiting on Court Decision after Supreme Court Denies SAVE Plan Reinstatement
Earlier this week, the U.S. Supreme Court delivered a significant blow to the Biden administration’s efforts to provide relief to student loan borrowers by denying their emergency request to reinstate the SAVE plan. The SAVE plan is an income-driven repayment option...
Supreme Court Denies to Reinstate SAVE Plan
The U.S. Supreme Court has declined the Biden-Harris administration’s request to reinstate the SAVE Plan following the GOP-led lawsuit which escalated through the court system. The U.S. Supreme Court has said it expects the 8th Circuit Court of Appeals to make a...
Student Loan Default Rates to Skyrocket if Half of Borrowers Continue Not Making Payments
The three-year COVID payment pause offered a lifeline for millions of student loan borrowers and a reprieve from student loan defaults. However, the repeated extensions and the subsequent one-year “on-ramp” period created significant confusion and...