Biden’s Student Loan Repayment Plan Injunction: Chaos Ahead for Borrowers
Topeka, Kansas – Two court rulings on Monday dealt a blow to the Biden administration’s student loan repayment plan, casting uncertainty over the future for millions of borrowers. The rulings targeted the Saving on a Valuable Education (SAVE) plan, established by the Biden administration a year ago to address issues with the Department of Education’s previous income-driven repayment plans. With over 8 million enrollees, the SAVE plan has gained popularity among borrowers. The challenges to …