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Author Topic: Supreme Court denies Biden's latest ploy to cancel MORE student loan debt  (Read 812 times)

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Offline 240B

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Supreme Court denies Biden's latest ploy to cancel MORE student loan debt
« on: August 28, 2024, 06:33:41 pm »

Supreme Court denies Biden's latest ploy to cancel MORE student loan debt

DAILYMAIL.COM
By Sarah Ewall-Wice
28 August 2024

The Biden administration was dealt another major blow by the Supreme Court, which denied its request to reinstate a major student loan forgiveness plan.

The high court declined to allow Biden's $160 billion Saving on a Valuable Education (SAVE) plan to move forward.

It comes after two federal judges last month sided with several Republican-led states and stopped Biden from moving forward with the debt cancellations.

The plan, announced in June 2023, was designed to lower monthly payments and speed up loan forgiveness for millions of Americans by tying monthly payments to the income and family size of a borrower.

The administration has already canceled more than $168 billion in debt for some 4.8 million borrowers.

(more)
https://www.dailymail.co.uk/news/article-13789463/supreme-court-deny-biden-studen-loan.html
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Offline verga

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Re: Supreme Court denies Biden's latest ploy to cancel MORE student loan debt
« Reply #1 on: August 29, 2024, 02:42:57 pm »
The reason they don't cancel the debt on vocational schools is most of those graduates have jobs before they leave the school.
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