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I’ll Pass on the Student-Loan Relief
  + stars: | 2023-08-16 | by ( Holly Wetzel | ) www.wsj.com   time to read: 1 min
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Persons: Dow Jones Organizations: biden
A federal judge dismissed a lawsuit to block student-debt relief from income-driven repayment plans. Last week, conservative-backed groups filed a lawsuit to block relief for 800,000 borrowers. On Monday, Judge Thomas Ludington in the Eastern District of Michigan Northern Division ruled that a lawsuit seeking to block $39 billion in debt relief for 800,000 borrowers lacks standing and is dismissed. The ruling means that — barring other legal challenges — the Education Department will continue looking at borrowers' income-driven repayment accounts every two months to determine if they qualify for debt relief, and those who do not want the debt relief will have the option to opt out. Borrowers can also apply for the SAVE Plan before federal payments resume — a new income-driven repayment plan intended to make borrowers' monthly payments cheaper.
Persons: Joe Biden's, Judge Thomas Ludington, Lundington, Public Relations Holly Wetzel, Biden Organizations: Service, Eastern District of Michigan Northern Division, New Civil Liberties Alliance, Cato Institute, Mackinac Center for Public, Education Department, Public, Mackinac Center's, Public Relations, SAVE Locations: Wall, Silicon, Eastern District
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