Biden's Student Loan Relief Program Dealt Another Blow

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President Biden's student debt relief program hit with another blow, leaving college students to wait longer.

after a conservative group filed suit alleging the administration violated procedures. They argued borrowers who do not qualify for the program were not given a chance to provide public comment.

“It's stressful to know that once I finish, which is coming by fast, I'll have all this debt to deal with,” she said.“The process of applying to colleges was all completely new to me and my family,” Ibanez said. “And since I come from a lower income background, we had to accept some loans.”She was excited to hear about President Joe Biden's Student Loan Relief Program forgiving up to $20,000 in student debt. But just as soon as the program launched, lawsuits were filed.

The court of appeals granted a stay - meaning, for now, student loan debt will not be cleared under the program. But they've yet to lift the stay or move forward with an injunction.“The fact that the court of appeals is taking almost three weeks now, indicates to me this is a close call for them on which direction to go,” Ruback said. “If it were an easy call, if they knew how to handle this matter, they would've already issued their decision on this.

 

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