No 1 Most Talked About Entertainment, Music, Events, News, WorldNews, Breaking news, Updates, Lifestyle, Fashion, Beauty, Inspiration, Sport, Gospel, Videos, Comedy, Hollywood, Nollywood, Gist, Gossip and Lots more.

Biden's new student loan repayment plan blocked by Supreme Court for now

 

On Wednesday the Supreme Court refused to immediately clear the way for the Biden administration's new student loan relief and repayment plan, adding to uncertainty about the future of a program that would affect millions of borrowers and has become part of the sharp political debate over who is responsible for hefty tuition debt.

Biden introduced the program, Saving on a Valuable Education, last fall as millions of Americans resumed student loan payments after a hiatus of more than three years because of the pandemic.

The plan, commonly known as Save, offered lower monthly payments and a faster path to loan cancellation. It launched months after the justices divided along ideological lines to invalidate a separate, $400 billion Biden administration program to forgive student loan debt.

No comments:

Post a Comment