Posted on 07/18/2024 12:54:06 PM PDT by george76
A federal appeals court on Thursday temporarily blocked a key Biden administration student loan forgiveness and repayment plan. The order could have significant ramifications for millions of borrowers..
Joe Biden’s Saving on a Valuable Education plan is a new income-driven repayment program designed to provide affordable payments and multiple pathways to loan forgiveness. The Education Department unveiled the SAVE plan last year, and began implementing the program in phases. But several groups of Republican-led states filed two separate legal challenges this spring, arguing that the Biden administration exceeded the authority Congress provided.
Thursday’s appeals court ruling is just the latest in a rollercoaster of court orders related to the SAVE legal challenges. The whiplash of rulings has threatened to throw much of the federal student loan repayment system into chaos.
Lower Courts Had Blocked Some Student Loan Forgiveness And Repayment Features Of SAVE..
Last month, two federal courts in Kansas and Missouri issued conflicting injunctions in response to separate legal challenges brought by two groups of Republican-led states challenging the SAVE plan.
...
Appeals Court Appears To Block All Loan Forgiveness And Lower Payments Under SAVE..
On Thursday, the 8th Circuit issued a brief order apparently blocking the SAVE plan in its entirety.
...
The immediate impacts of the 8th Circuit’s ruling are as yet undetermined, as the Education Department will have to evaluate how to implement it, particularly for borrowers with pending SAVE applications and the eight million borrowers already enrolled. But the department may have no choice but to pause student loan payments for millions of borrowers, as neither the department nor its servicers have the capacity to deal with such a rapidly changing legal environment.
(Excerpt) Read more at forbes.com ...
Here's all the legality that should matter: ya signed a contract, ya have to pay off the loan.
The burden has not been lifted, only shifted.
The courts are following their superior’s (SCOTUS) rulings and denying Biden’s attempts to illegally ignore SCOTUS?
throw much of the federal student loan repayment system into chaos
So, are they going to claw back the money that has already been disbursed? Good luck with that!
Reeeee!
Honestly..
All she needs to do to parody Kamala. it quote her accurately.
It would be absolutely devestating.
Make stupid faces, while doing somewhat exagerated Kamala arm waiving..
What about consequences for the taxpayer?
Can you say wage garnishment?
Ay, que rico! YOU bought it, now YOU pay for it all by your little self-just like the rest of us do. This is what I call schadenfreude...
This loan forgiveness is to finance campus politics. Do away with loans and college gets cheaper and focuses of degrees that make money. What is a person with a gender degree qualified for?
Consequences are healthy. They teach us to not pet the tigers.
He was just bragging about this on BET.
It’s not forgiveness. It’s a transfer of money from taxpayers to specific individuals.
Totally illegal.
Until you can get rid of all those surplus IRS agents, reassign them. They do know how to get it.
The President does not have the authority to cancel a debt. Why is this even a question?
Then stop with the unconstitutional executive orders.
It will be ignored with some mumbo jumbo that faux legalizez it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.