Student Loan Defaults Expected to Spike with No Relief in Sight
Court Temporarily Blocks Biden Administration’s Latest Debt Relief Plan This week, a federal judge granted a temporary restraining order against the Biden administration’s student debt relief plan, which may lead to record-high student loan defaults. The...
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...
The Year Student Loan Repayment Never Started
In November, the Education Department’s Under-Secretary, James Kvaal, reported that only 60 percent of the 28 million student loan borrowers who needed to make payments had made them. But this was on 22 million and not the entire 28 million borrowers. About 4 million...