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Search resuls for: "Matthew Schelp"


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☆ Inside the 24-hour legal whiplash that sent 30 million student-loan borrowers into limbo
  + stars: | 2024-10-04 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +6 min
Millions of student-loan borrowers have faced legal whiplash over the past 24 hours. A Missouri judge blocked Biden from carrying out his broader debt relief plan just hours after receiving the case. The ruling came before the Education Department had even published the final rule for the debt relief. That's because the lawsuit argued the relief would hurt the revenue of student-loan company MOHELA, which is based in Missouri. Advertisement"The Department of Education is extremely disappointed by this ruling," a department spokesperson told Business Insider.
Persons: Biden, —, It's, Joe Biden's, Matthew Schelp, Donald Trump, Schelp, Biden's, hasn't, servicers, Andrew Bailey, Sen, Elizabeth Warren, Trump Organizations: Education Department, Service, GOP, MOHELA, Department, Department of Education, Republican, of, Higher, Missouri, else's Ivy League Locations: Missouri, Georgia, Eastern, of Missouri
☆ Missouri judge blocks Biden student loan forgiveness that was cleared to proceed
  + stars: | 2024-10-03 | by ( Annie Nova | ) www.cnbc.com   time to read: +2 min
The Biden administration's sweeping student loan forgiveness plan was temporarily blocked again Thursday by a Missouri judge, just one day after a federal judge in Georgia said he would let a restraining order against the relief expire. St-Louis-based U.S. District Judge Matthew Schelp, an appointee of Republican former President Donald Trump, issued the latest preliminary injunction against Biden's relief plan. The latest order capped 24 hours during which federal student loan holders were subjected to judicial whiplash, as a lawsuit challenging Biden's aid package, brought by seven GOP-led states, bounced from Georgia to Missouri courts. The states bringing the suit — Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota and Ohio — allege that the U.S. Department of Education's new debt cancellation effort is illegal. Hall directed the case to be transferred to Missouri, because the states claim that Biden's plan would most harm student loan servicer Mohela, or the Missouri Higher Education Loan Authority.
Persons: Joe Biden, Biden, Matthew Schelp, Donald Trump, Schelp, Randal Hall, Hall, servicer Mohela, servicers Organizations: White, St, District, Republican, U.S . Department of Education, GOP, U.S . Department of, Missouri Higher Education Loan Authority, CNBC, The Education Department, U.S ., of Appeals Locations: Washington ,, Missouri, Georgia, Louis, Alabama, Arkansas, Florida, Georgia , Missouri, North Dakota, Ohio
☆ 30 million student-loan borrowers get bad news after a Trump-appointed federal judge officially blocks Biden from carrying out broader debt cancellation
  + stars: | 2024-10-03 | by ( Ayelet Sheffey | ) www.businessinsider.com   time to read: +3 min
A federal court in Missouri placed a preliminary injunction on Biden's broader student-debt relief plan. This ruling officially blocks the relief from being implemented pending a final legal decision from the court. Related storiesThe Education Department had previously intended to begin canceling student debt in October, and it has yet to post the final rule for the relief. Along with the lawsuits to block Biden's broader debt relief, his SAVE income-driven repayment plan is also blocked in court pending a final legal decision. An Education Department spokesperson told BI in a statement earlier on Thursday that it would continue to fight for the relief in court.
Persons: —, Matthew Schelp, Donald Trump, Joe Biden's, Schelp's, Biden, Schelp Organizations: Service, of, Higher, GOP, Education Department Locations: Missouri, Eastern, of Missouri, Georgia
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