Posted on 03/08/2023 8:19:06 AM PST by Oldeconomybuyer
Some 40 million people have had their student-debt payments paused because the government thinks they need the help. But one big financial technology company, which refinances student loans, disapproves of the public policy and wants the payments resumed immediately to help its bottom line.
SoFi Technologies, a financial technology company involved in the student loan refinancing business, is suing the Department of Education over the student loan payment pause.
In a suit filed in federal court late last week, the company alleges that the latest extension of the COVID-era pause on student loan payments, interest and collections “is unlawful on multiple grounds.” The company is asking the court to invalidate and set aside the pause, or at a minimum, require student loan borrowers who aren’t eligible for the Biden administration’s debt relief plan to start repaying their loans.
“The Moratorium has eliminated the primary benefits of student loan refinancing,” the company wrote of the payment pause in court documents.
(Excerpt) Read more at marketwatch.com ...
Are there any of dem white supremacist peoples protesting to force the taxpayers to pay THEIR “student loans” off? I don’t see any in that protest photo.
The student loan repayment pause is nothing but a HUGE subsidy to “institutions of higher learning” of which almost all are pushers of woke ideologies.
I was reading where a lot of the deadbeats want their current loans cancelled by the demented one so they can apply for new ones. I guess they really miss those spring breaks.
The job market is supposed to be booming, so why can’t young, able folks make any payments? You can be damn sure they are buying the latest iPhones for $1200.
Its not their fault that their degrees in medieval wiccan lesbian butt sniffing don’t pay enough we need to help them
Most of us who got "real" degrees are glad to have graduated and gotten out in the "real" world, where we can put our education and skills to WORK.
Can you say “tortious interference”?
I’m surprised it took this long!
I hope more follow suit. What an UNCONSTITUTIONAL cluster this idiot has created. Ugh!
Imagine how I feel, having flunked out of college after the first quarter but went on to have a successful forty year career in telecommunications, having retired after 31 years at Verizon.
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