A U.S. judge has blocked Biden's new sweeping student loan forgiveness plan before his administration could even roll it out. What borrowers need to know.
It wasn’t the same thing, all three of them were different plans using different justifications based on different laws. One was a blanket forgiveness based on laws allowing for adjustments of student loans in emergencies. One is need based or other circumstance based forgiveness based on a much earlier law giving the department of education wide latitude to make adjustments. And one was adjustments to the income based repayment plans based on the laws establishing those (this has happened many times in the past, such as the establishment of the PAYE and REPAYE plans).
It’s especially egregious that judges are blocking the SAVE plan, as many similar adjustments have been made to income based repayment plans previously with no one taking any issue.
It wasn’t the same thing, all three of them were different plans using different justifications based on different laws. One was a blanket forgiveness based on laws allowing for adjustments of student loans in emergencies. One is need based or other circumstance based forgiveness based on a much earlier law giving the department of education wide latitude to make adjustments. And one was adjustments to the income based repayment plans based on the laws establishing those (this has happened many times in the past, such as the establishment of the PAYE and REPAYE plans).
It’s especially egregious that judges are blocking the SAVE plan, as many similar adjustments have been made to income based repayment plans previously with no one taking any issue.