President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. A federal appeals court has allowed the U.S. Education Department to move ahead with a plan to lower monthly payments for …WASHINGTON —
The reduced payment threshold was set to take effect July 1, but federal judges in Kansas and Missouri last week blocked much of the administration’s student loan repayment plan in two separate rulings. The ruling on Sunday means the department can move ahead with the reduced payments already calculated while it pursues an appeal.
“Borrowers are having to make decisions right now about their financial lives, and they don’t know the very basic information that they need in order to make informed decisions,” Yu said. U.S. Education Secretary Miguel Cardona said the Biden administrations remains committed “to our work to fix a broken student loan system and make college more affordable for more Americans.”
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