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Student loan borrowers are frustrated and anxious only three months away from being forced to resume payments after a three-year hiatus. For the roughly 40 million Americans who owe the federal government student loans, interest will begin accruing on that debt in September. Payments will be due again in the beginning of October. As the…
Biden student loan debt forgiveness plan suffers another setback A federal appeals court on Wednesday declined to shelve a lower court’s ruling blocking President Biden’s student debt relief plan as the administration’s full appeal proceeds. The decision from the New Orleans-based U.S. Court of Appeals for the 5th Circuit marks the second appeals court to…
What to know about the pause on student debt relief The legal challenges facing the Biden administration over its student loan forgiveness program is leaving borrowers in limbo as the White House is now forced to halt administering the program until the Supreme Court rules on the matter. Spirits among advocates were high when the…
Federal judge strikes down Biden student debt relief program A federal judge struck down President Biden’s student loan forgiveness program on Thursday, declaring it unlawful. District Judge Mark Pittman, a Trump appointee, ruled that the program, which would have provided borrowers with up to $20,000 in student loan relief, was “an unconstitutional exercise of Congress’s…