In Major Order, Appeals Court Blocks Student Loan Forgiveness And Lower Payments For 8 Million Borrowers
In Major Order, Appeals Court Blocks Student Loan Forgiveness And Lower Payments For 8 Million Borrowers
A federal appeals court on Thursday temporarily blocked a key Biden student loan forgiveness and repayment plan. The order could have significant ramifications.
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Ngl, the more this happens the more servicers are confused about what they should be collecting and from whom, and that’s actually a win for the borrowers (not as much of a win as this shit going through but still).
For example, due to the slew of challenges, I’m still on $0 repayment through October and don’t even have to certify income for that. And who knows if they will actually move forward with resuming charges for it; this is the second time it’s been delayed for me.
I hope the system does get thrown into complete chaos if it doesn’t all get forgiven or at least restructured. That would be better than people having to pay for worthless and/or overpriced degrees, and not being able to do shit with their lives.