Student debt
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The U.S. Department of Education has officially paused forgiveness for borrowers enrolled in Income-Based Repayment (IBR) plans, citing a need to comply with a recent federal court injunction. The unexpected suspension, announced in an update to the Federal Student Aid website earlier this month, has sparked anxiety among borrowers worried that relief may be slipping…
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A federal appeals court on Thursday blocked President Joe Biden’s administration from continuing to implement a new student debt relief plan aimed at lowering monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by seven Republican-led states to put on hold parts of the U.S. Department…
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