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☆ Some student-loan borrowers might get debt cancellation now that a major forgiveness program is back
▼ + stars: | 2024-07-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

The Education Department has resumed processing Public Service Loan Forgiveness applications. The department will prioritize debt relief for borrowers who met PSLF requirements during the pause. AdvertisementA major student-loan forgiveness program is once again up and running. As of July 1, the Education Department resumed processing applications for the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments. Now, the task of managing PSLF will be split among several federal servicers, and the Education Department will oversee the program through studentaid.gov.

Persons: — Organizations: Department, Service, Education Department, Public, MOHELA, Business Locations: PSLF

☆ Chevron ruling, Biden's reelection bid at risk: Recent news may spell trouble for student loan borrowers
▼ + stars: | 2024-07-08 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

However, Republican-backed states, including Arkansas, Florida and Missouri, filed lawsuits against the SAVE plan earlier this year, putting that relief in jeopardy. watch nowBorrowers likely won't learn more until after the presidential election in November, said Scott Buchanan, executive director of the Student Loan Servicing Alliance, a trade group for federal student loan servicers. Chevron ruling may limit Education DepartmentMeanwhile, a recent Supreme Court ruling is expected to make it harder for the Education Department to deliver relief to student loan borrowers. Valerie Plesch | Bloomberg | Getty ImagesThat could make Biden's do-over effort at sweeping student loan forgiveness more difficult, Kantrowitz explained. With Biden's future at risk, so is student loan aidBiden has forgiven more student debt than any other president, Kantrowitz said.

Persons: Perry, Brandon Bell, Biden, Scott Buchanan, servicers, Buchanan, Mark Kantrowitz, Pramila Jayapal, Valerie Plesch, Kantrowitz, Biden's, Donald Trump, he's, Kamala Harris Organizations: Castaneda, University of Texas, Getty, Biden, Republican, Student Loan, Alliance, CNBC, Education Department, Bloomberg Locations: Austin, Austin , Texas, Arkansas, Florida, Missouri, Kansas, Chevron, Washington, Washington , DC

☆ A second Trump term would be 'chaos' for student loan borrowers
▼ + stars: | 2024-07-07 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump has long regarded the student loan forgiveness measures rolled out under the Biden administration as a stunt to garner "publicity for the election." At a campaign event in late June, Trump called Biden-era student debt relief measures "vile," suggesting that student loan borrowers shouldn't count on forgiveness under a second Trump administration. A recent Supreme Court ruling striking down the Chevron doctrine has already weakened the Education Department. Biden-era student loan forgiveness measures, as well as his new income-driven SAVE repayment plan, are making their way through court challenges led by conservative groups, which are not likely to be resolved before 2025. Advertisement"Overall, I think a Biden administration is going to be more favorable for college affordability than a Trump administration," Kantrowitz said.

Persons: —, Donald Trump, Biden, he's, Trump, Pell Grant, Jan Miller, Mark Kantrowitz, Kantrowitz, Betsy Mayotte, who'd Organizations: Service, Biden, Business, of Education, Department of Education, US Department of Education, Education Department, Senate, Trump, The, Student Loan Advisors, Education Department's, Education Locations: Washington ,, Mayotte

☆ What is Project 2025? The conservative road map is raising a lot of eyebrows, on both sides of the aisle.
▼ + stars: | 2024-07-06 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Project 2025 is a road map for the next Republican president. The Heritage Foundation, a prominent conservative think tank, authored the plan. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In January 2023, The Heritage Foundation began promoting Project 2025, a 922-page "playbook" assembled with input from dozens of other conservative organizations to guide the next Republican administration. This story is available exclusively to Business Insider subscribers.

Persons: —, Joe Biden, Donald Trump Organizations: Republican, Heritage Foundation, Education Department, Service, Business

☆ Student-loan companies put up 'excessive barriers' and gave borrowers inaccurate information about debt relief, a federal consumer watchdog says
▼ + stars: | 2024-07-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

The CFPB found student-loan servicers put up "excessive barriers" when it came to helping borrowers. Long hold times and inaccurate information about debt relief harmed borrowers, the report said. AdvertisementMany student-loan borrowers aren't getting the help they need from their servicers, according to a new report. Over the past few years, borrowers with both federal and private student loans have reported challenges with their servicers, from an inability to get the information they need to make their payments to inaccurate information. The CFPB's latest report detailed its findings that many of those companies did not operate in borrowers' best interests.

Persons: servicers, Long, — Organizations: Education Department, Service, aren't, Consumer Financial, Business

☆ Millions of student loan borrowers to see their bills lowered in July — here's what else to know
▼ + stars: | 2024-07-03 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

President Joe Biden rolled out the SAVE plan in the summer of 2023, describing it as "the most affordable student loan plan ever." Under IDR plans, borrowers' monthly payments are set based on a share of their discretionary income. Republican-backed states, including Florida, Arkansas and Missouri, filed lawsuits against the SAVE plan earlier this year. In response, two federal judges in Kansas and Missouri temporarily halted significant parts of the SAVE plan on June 24. The case has not been decided yet, but at least for now the Education Department can proceed with reducing borrowers' bills.

Persons: Biden, Joe Biden, IDR, Taylor, Mark Kantrowitz Organizations: U.S . Department of Education, Valuable Education, Education, Finance, CNBC, Republican, U.S . Department of Justice, Education Department Locations: Florida , Arkansas, Missouri, Kansas

☆ Student Loan Borrowers Owe $1.6 Trillion. Nearly Half Aren’t Paying.
▼ + stars: | 2024-07-02 | by ( Stacy Cowley | ) www.nytimes.com time to read: 1 min

After an unprecedented three-year timeout on federal student loan payments because of the pandemic, millions of borrowers began repaying their debt when billing resumed late last year. That reality, along with court decisions that regularly upend the rules, has complicated the government’s efforts to restart its system for collecting the $1.6 trillion it is owed. At the end of March, six months after the hiatus ended, nearly 20 million borrowers were making their payments as scheduled. But almost 19 million were not, leaving their accounts delinquent, in default or still on pause, according to the latest Education Department data. “The nonpayment rate really is emblematic of a system that’s not doing its job,” said Persis Yu, the managing counsel for the Student Borrower Protection Center, an advocacy group.

Persons: ”, Persis Yu Organizations: Education Department, Student, Protection

☆ Student-loan borrowers on Biden's new repayment plan get a win after a federal court rules that cheaper monthly payments can go into effect
▼ + stars: | 2024-07-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The legal roller coaster for millions of student-loan borrowers on President Joe Biden's new repayment plan continues. A court ruled that borrowers on the SAVE income-driven repayment plan can get the new benefits set to go into effect in July, like lower payments, for the time being after a legal challenges blocked their implementation. The Education Department did not immediately respond to a request for comment from Business Insider on the stay. This means that for now, the Education Department can continue working to implement the new SAVE provisions set to go into effect this July. For now, borrowers continue to await further guidance from the Education Department.

Persons: Joe Biden's, Persis Yu Organizations: Service, Business, Biden's Education Department, GOP, Kansas, Circuit, Education Department, Democratic, Protection, Department, Education, SAVE, Republican Locations: Kansas, Missouri

☆ Student-loan payments will be paused for 3 million borrowers after federal judges blocked debt cancellation and cheaper bills through Biden's new repayment plan
▼ + stars: | 2024-06-28 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAfter federal courts blocked key parts of President Joe Biden's new repayment plan, the Education Department announced additional steps to help borrowers during this time. On Monday, two separate rulings from federal judges in Kansas and Missouri placed preliminary injunctions on key provisions in the SAVE income-driven repayment plan. The Justice Department appealed both decisions and while courts have yet to make a final decision on the fate of the SAVE plan, relief is temporarily blocked. "The Biden Administration must continue to take immediate action to ensure borrowers receive the student debt cancellation they were promised."

Persons: —, Joe Biden's, consolidations, servicers, Biden, Harris, Cardona, Ayanna Pressley Organizations: Service, Education Department, Business, The, SAVE, Republican, GOP, Democratic, Biden Administration Locations: Kansas, Missouri

☆ Student Loan Payments Paused for 3 Million in SAVE Program
▼ + stars: | 2024-06-28 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

Roughly three million borrowers with federal student loans will see their monthly payments paused in the coming days, as the Biden administration tries to recalculate their bills to comply with a federal court order in Kansas. The recalculations are necessary because key parts of President Biden’s new student loan repayment program, SAVE, were temporarily blocked by two federal judges on Monday, just a week before many borrowers’ payments were scheduled to be reduced by as much as half. The judges, in Kansas and Missouri, issued separate preliminary injunctions this week, leaving the SAVE plan’s eight million enrollees in limbo until lawsuits, filed in the spring by two groups of Republican-led states seeking to topple the program, are resolved. The Justice Department recently filed a request on behalf of the Education Department to stop the Kansas injunction. “If the injunction takes effect,” the filing said, “it will inflict irreparable harm on the federal government in the form of unrecoverable disruption costs and create extraordinary confusion and chaos for borrowers.”

Persons: Biden’s, ” Organizations: Biden, Republican, Justice Department, Education Department Locations: Kansas, Kansas and Missouri

☆ Judges Upended Biden’s Student Loan Repayment Plan. What Happens Now?
▼ + stars: | 2024-06-26 | by ( Tara Siegel Bernard | ) www.nytimes.com time to read: +1 min

President Biden’s new student loan repayment plan was hobbled on Monday after two federal judges in Kansas and Missouri issued separate rulings that temporarily blocked some of the plan’s benefits, leaving questions about its fate. That means the Biden administration cannot reduce borrowers’ monthly bills by as much as half starting July 1, as had been scheduled, and it must pause debt forgiveness to SAVE enrollees. The administration has canceled $5.5 billion in debt for more than 414,000 borrowers through the plan, which opened in August. If you’re among the eight million borrowers making payments through SAVE — the Saving on a Valuable Education plan — you probably have many questions. Here’s what we know so far, though the Education Department has yet to release its official guidance.

Persons: Biden’s, Biden Organizations: Republican, Education Department Locations: Kansas, Missouri

☆ Student-loan borrowers who were set to get debt cancellation or lower payments through Biden's new repayment plan won't get it — for now. Here's what you need to know.
▼ + stars: | 2024-06-25 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Monday's district court rulings were different, but both dealt blows to the SAVE plan. AdvertisementEducation Secretary Miguel Cardona condemned the rulings on Monday, saying in a statement that "the Department of Justice will continue to vigorously defend the SAVE Plan." "While we continue to review these rulings, the SAVE plan still means lower monthly payments for millions of borrowers - including more than 4 million borrowers who owe no payments at all, and protections for borrowers facing runaway interest when they are making their monthly payments," he added. "All of this is to ask why: if these parts of the SAVE Plan promised an irreparable harm to plaintiffs, why didn't they move to enjoin the SAVE Plan before they took effect?" He also said that even without allowing student-loan forgiveness, the other provisions, like lower payments and limited interest accrual, will still provide relief to borrowers.

Persons: —, Joe Biden's, Daniel Crabtree, John Ross, Miguel Cardona, " Cardona, Crabtree, Missouri's Ross, MOHELA, Biden's, Ross, Cardona, Karine Jean, Pierre Organizations: Service, Business, GOP, Department, Justice, SAVE, Republican, Higher, Education Department, Justice Department, White House Press Locations: Kansas, Missouri, Monday's

☆ Biden's Education Department is considering avenues to make 450,000 more workers eligible for a key student-debt cancellation program
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +1 min

The Education Department is requesting information on expanding Public Service Loan Forgiveness eligibility. 450,000 more workers could benefit from the program if they have federal loans, per federal estimates. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementPresident Joe Biden's Education Department wants feedback on making more student-loan borrowers eligible for Public Service Loan Forgiveness.

Persons: —, Joe Biden's, PSLF, Biden Organizations: Department, Service, Joe Biden's Education Department, Public, Education Department, Business Locations: PSLF

☆ Some student-loan borrowers have one week left to benefit from a temporary measure that'll bring them closer to debt cancellation
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Read previewSome student-loan borrowers are approaching the deadline to take advantage of a measure that could bring them closer to debt relief. They would bring them closer to the loan forgiveness promised through their repayment programs or push them over the threshold and automatically grant them debt relief. Most recently, the Education Department canceled $7.7 billion in student debt for 160,500 borrowers, some of which were a result of the one-time account adjustments. As of that May announcement, one of every 10 federal borrowers has now been approved for debt relief. AdvertisementThe department is also working on enacting its broader student-loan forgiveness plan, which is intended to benefit over 30 million borrowers.

Persons: —, Joe Biden's, Education James Kvaal Organizations: Service, Joe Biden's Education Department, Public, Business, Family Education, Federal Student Aid, Education, Education Department

☆ 2 federal courts just blocked student-loan forgiveness and cheaper monthly payments under Biden's new repayment plan
▼ + stars: | 2024-06-24 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewPresident Joe Biden's new student-loan repayment plan just got dealt two blows by federal courts. The attorneys general argued that relief was unconstitutional, among other things, and requested the relief — and the plan overall — be blocked. The ruling still preserves borrowers' abilities to enroll and make payments through the plan. AdvertisementBoth of the rulings are preliminary, and while student-loan forgiveness is blocked for the time being, courts have yet to hand down their final rulings. AdvertisementStill, these two rulings are setbacks for borrowers who were hoping to benefit from the SAVE plan that the Education Department has been touting for the past year.

Persons: —, Joe Biden's, Andrew Bailey, Mike Pierce, Judge Daniel Crabtree, Kris Kobach Organizations: Service, GOP, Business, Education Department, Missouri, Department of Education, Department, Protection Locations: Kansas, Missouri

☆ These student-loan borrowers qualify for debt cancellation through the government, but they're struggling to get the same relief on their private balances: 'I feel so defeated. I feel trapped.'
▼ + stars: | 2024-06-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +13 min

Every paycheck I get goes to Navient," Pucci, 59, told BI. I feel trapped, and this has been so traumatic, especially the last couple of months, it's been really, really difficult." The lender, instead, can decide how it wants to craft a relief process, if at all. AdvertisementBut Linssen's efforts paid off — she got $70,000 in private loans discharged in May. While Nave also eventually got her private loans relieved after filing complaints with the CFPB, she doesn't understand why it has to be this way.

Persons: —, Leandro Pucci, Joe Biden's, hasn't, Pucci, it's, " Pucci, Sen, Elizabeth Warren, Holder, Warren, Navient, he's, Julia Barnard, Barnard, Theresa, Christman, Theresa Christman Theresa Christman, Eileen Connor, PPSL, haven't, Connor, I've, Victoria Linssen, Jennifer Nave, Linssen, aren't, Brooks, Victoria, Victoria Linssen Victoria Linssen, Nave, they're, — Navient, Nick Eucker, Eucker Organizations: Service, Art Institute, Business, Joe Biden's Education Department, Navient, Education Department, Consumer Financial, Bureau, Education, BI, International Academy of Design, Technology, Brooks Institute, DeVry University, Victoria Linssen Victoria Locations: Venezuela, California, Navient, Cardona

☆ Education Department looks to expand Public Service Loan Forgiveness eligibility
▼ + stars: | 2024-06-21 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

The U.S. Department of Education may extend the eligibility of a popular student loan forgiveness program to early childhood educators. The agency on Thursday announced that it was issuing a request for information on potentially broadening the Public Service Loan Forgiveness program to include workers in early childhood education settings, many of whom report low wages. "Early childhood educators help young children learn, grow, and thrive," said U.S. "If these educators can access Public Service Loan Forgiveness, we can help our youngest children, their families, and their communities." Including early childhood educators would likely expand the reach of the program to at least some for-profit employers.

Persons: Education James Kvaal, Kvaal, George W, Bush, Xers, Mark Kantrowitz Organizations: U.S . Department of Education, Education, Finance, Trump, Education Department

☆ Trump calls Biden's student-loan forgiveness efforts 'vile' — and voters shouldn't count on that relief if he's elected
▼ + stars: | 2024-06-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewFormer President Donald Trump is making sure voters know how he feels about student-loan forgiveness. He also used that time to criticize President Joe Biden, particularly Biden's efforts to enact student-loan forgiveness for millions of Americans. Should Biden win, his administration will continue carrying out its broad and targeted debt relief efforts such as one-time account adjustments for borrowers on income-driven repayment plans and Public Service Loan Forgiveness. After the Supreme Court decision, his campaign posted a statement on his website saying that "these wins were only made possible through President Trump's strong nomination of three distinguished and courageous jurists to the Supreme Court." AdvertisementStill, Biden's Education Department is moving forward with its relief efforts and has maintained that all of its actions are in accordance with the law and the Supreme Court decision.

Persons: —, Donald Trump, Trump, Joe Biden, I'm, Biden, Biden's, It's, Trump's Organizations: Service, Business, Trump, Biden's Education Department, Higher, Biden, Public, Supreme, Education Department, GOP Locations: Wisconsin

☆ Michigan and CUNY Mishandled Discrimination Complaints, Education Dept. Finds
▼ + stars: | 2024-06-17 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

The University of Michigan and the City University of New York mishandled complaints of discrimination on campus during widespread protests over the war in Gaza, the Education Department announced on Monday. The department’s Office for Civil Rights has opened dozens of investigations into antisemitism and anti-Arab discrimination as students held rallies and set up encampments in support of Palestinians and called for their schools to divest from Israel. The Michigan and New York cases were only the first to reach a conclusion. More are expected to finish in the coming weeks and months as schools continue to reckon with the limits of free speech in academic settings. Under the terms of the agreements announced on Monday, the schools must step up their reporting of complaints to the Office for Civil Rights and revisit their training of employees, including campus police officers, about their obligations under federal law.

Organizations: University of Michigan, City University of New, Education Department, Civil Rights, Office Locations: City University of New York, Gaza, Israel, The Michigan, New York

☆ Federal Judge Blocks Biden Administration’s Title IX Rules in 4 States
▼ + stars: | 2024-06-14 | by ( Zach Montague | ) www.nytimes.com time to read: +1 min

The Biden administration’s new Title IX regulations that expanded protections for L.G.B.T.Q. students have been temporarily blocked in four states after a federal judge ruled that the Education Department overstepped its authority. The plaintiffs argued that the Biden administration’s interpretation of Title IX betrayed the law’s original purpose of prohibiting discrimination on the basis of sex. The new rules, which the Education Department released in April, disallow discrimination or harassment of students based on their gender identity, enshrining stronger protections for transgender students. However, the rules skirted some of the most divisive questions, stopping short of requiring schools to grant transgender students access to single-sex dorms or sports teams.

Persons: Terry A, Doughty, Biden, IX Organizations: Biden, Education Department Locations: Louisiana, Louisiana , Mississippi, Montana, Idaho

☆ Some student-loan borrowers will soon get cheaper monthly payments through Biden's new repayment plan — but their accounts might be paused in the meantime
▼ + stars: | 2024-06-13 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Read previewSome student-loan borrowers are set to get cheaper bills next month — but the Education Department is still working on those new calculations. Last summer, President Joe Biden's Education Department launched the SAVE plan — a new student-loan repayment plan intended to make payments more affordable for borrowers with a shorter timeline to loan forgiveness than prior income-driven repayment plans. Aside from SAVE's implementation, the student-loan servicing industry is undergoing a series of changes that are impacting borrowers' user experience. For example, the Education Department is transitioning the Public Service Loan Forgiveness program away from servicer MOHELA and is instead splitting up PSLF accounts among other servicers to be overseen by Federal Student Aid.

Persons: —, Joe Biden's, Vanessa Harmoush, servicer Organizations: Service, Education Department, Joe Biden's Education Department, Business, New York Times, SAVE . Education, SAVE, Federal Student Aid, The Education Department

☆ A Gen Xer got $110,000 in student loans forgiven after he'd paid off more than he borrowed. It's allowed him to scrap his plans to work part-time in retirement.
▼ + stars: | 2024-06-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Aidvantage in full." My wife's an assistant principal, and I'm a retired assistant principal, but now I don't worry about crushing debt," Perry said. Related storiesPerry was planning on going into substitute teaching to continue supplementing his income during retirement while he made his student-loan payments. Have your student loans been forgiven? Do you have a different experience with student debt?

Persons: —, Steven Perry, Perry, he's, Harris, I'm, let's, Kris Neilson, that's, Zers, we've Organizations: Service, Business, Public, Harris Administration, Education Department, BI, Gallup, Lumina Foundation Locations: PSLF, forbearance

☆ Student-loan borrowers enrolled in Biden's new repayment plan may have gotten a win after a federal judge ruled only 3 states 'just barely' have standing to challenge the plan
▼ + stars: | 2024-06-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewStudent-loan borrowers enrolled in President Joe Biden's new repayment plan may have just gotten some relief from legal challenges. Crabtree wrote that the three states' standing is "weaker than the one that prevailed" at the Supreme Court. Crabtree explained how this case is different from Biden v. Nebraska, the case brought before the Supreme Court. In the case to block SAVE, the states are not arguing they would lose money from servicing loans. It's also in the process of implementing a broader student-loan forgiveness plan to replace the one the Supreme Court struck down, which is also likely to result in lawsuits.

Persons: —, Joe Biden's, Daniel Crabtree, they'd, Crabtree, They're, Cato, It's Organizations: Service, Business, Kansas, Supreme, Public, Biden, . Nebraska, New Civil Liberties Alliance, Mackinac Center for Public, Sixth Circuit, Education Department Locations: Kansas, — South Carolina , Texas, Alaska, .

☆ Middle-class Gen Xers are facing a new retirement challenge: Their student loans
▼ + stars: | 2024-05-30 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Using data from the Fed's Survey of Consumer Finances, the analysis finds that over a million Americans ages 55 to 64 are holding student loans, or have spouses with loans. There are a range of reasons why older borrowers might be struggling to pay off their student loans. Millennials are most likely to hold student debt with an average balance of about $35,000, and while fewer Gen Xers have student debt, their average balance is higher at about $48,000, according to TransUnion. Provisions are being rolled out by President Joe Biden's Education Department that could ease the burden of student debt on older borrowers. AdvertisementAre you a Gen Xer with student debt who is worried about retirement?

Persons: Gen Xers, Xers, Joe Biden's Organizations: Service, School's Schwartz, for Economic, Business, Fed's Survey, Consumer Finances, Social Security, Democratic, Joe Biden's Education Department, Public, Education Department Locations: Fed's

☆ Over a dozen GOP states seeking to block student-loan forgiveness through Biden's SAVE repayment plan may have been set back by a separate court ruling
▼ + stars: | 2024-05-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLawsuits to block some of President Joe Biden's targeted student-debt relief efforts are simmering — and a court ruling might have signaled how one case will fare. "Plaintiffs have not alleged that any of their employees have stopped seeking PSLF forgiveness because of the adjustment," the court's decision said. In March, 11 GOP state attorneys general filed a lawsuit to block the SAVE income-driven repayment plan, which the Education Department implemented last summer to give borrowers more affordable monthly payments. Economic assumptions alone were not enough for the Sixth Circuit, nor, for that matter, for the Supreme Court," the Education Department wrote in its legal filing.

Persons: —, Joe Biden's, Circuit wasn't Organizations: Service, New Civil Liberties Alliance, Cato Institute and Mackinac Center for Public, Business, Public, Sixth, Circuit, Education Department, SAVE, Biden's Education Department, Sixth Circuit, Supreme Locations: PSLF

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