Borrowers Should Prepare to Start Paying Their Student Loans This Summer. Many Aren’t Ready60 days after the Supreme Court’s decision on the Education Department’s student loan relief plan that was set to forgive up to $20,000 per borrower, meaning millions of Americans could have to start their monthly payments in August or sooner., legal experts told TIME it is increasingly likely loan forgiveness will get thrown out by the conservative majority court.
“Our Administration is confident in our legal authority to adopt this plan, and today made clear that opponents of the program lack standing to even bring their case to court,” the Department of Education said in an email to borrowers on Wednesday.
The Department of Education also did not specifically respond to TIME’s questions about whether the payment pause could be extended once more, or whether they intend to pursue other avenues for possible loan forgiveness if the current program is blocked by the Supreme Court. Persis Yu, Managing Counsel and Deputy Executive Director at Student Borrower Protection Center, analogizes the situation to a fire. “Just because the fire is not still burning, doesn’t mean that you don’t still have cleanup,” Yu tells TIME. “Even if the national emergency is over, there are still additional steps that we need to take to make sure that people can land on their feet.”has only risen
This Supreme Court will always side with big money
As it should!
Hearing these stories makes me realize what a spoiled brat I was as a kid, mom working her ass off to pay for my college, me getting horrible grades. These kids are so much better and deserve to not be burdened with insurmountable debt.
Congress needs to step up if the hardship is real. Executive branch exceeded its authority pandering to a gullible portion of the electorate.
Even Presidents can't sign $ trillion checks. 😒
Good! The taxpayers will be happy to hear that.
But of course! It’s a bought court, just ask Barrett and Kavanaugh and Gorsuch.
It is very simple actually. Just cancel the interest rates, and bring some requirements to make the students pay the principal only. While the inflation rate is 2-3%, you can't charge the students with 6-7%. This is a very bad system from the very beginning!
I want car loan forgiveness for when I buy that 6.4L powerstroke F250 XLT.
That’s what should happen to Unconstitutional Executive Orders. Pelosi told Biden it was illegal…..why didn’t he listen? To get votes…he lied to get our votes.
😂😂😂😝😝Pay up deadbeats😏😏
scotusIsCompromised
Just cancel or lower the student loan interest instead. Also cap the loans to $25 k / year to encourage more prudent college choices & prevent large student debt build up from ROOT Cause.
The Supreme Court will decide if it's legal or not. It's that simple.
Yes, as it should. Why should everyone else have to pay for others people college. Maybe paybacks for Covid year but nothing more.
As it should ,wake up this isn't Cradle to Grave for Spoiled the loans like we did.
Debt relief for students is necessary, especially for fourth-grade students
Hopefully we can give that money saved to Ukraine.
It should be thrown out. It is a stupid idea to pay off a select group of people's loans, nothing but taxpayer funded payola for the radical left wing Biden supporters.
Thanks captain obvious
By those with a rational thought process! You signed up for the loans pay it back like the rest of us have!