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Legal challenges to Biden’s student loan plans have borrowers anxious ahead of payment restart - The Hill

This lawsuit is nothing but a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt, even though these borrowers have earned the forgiveness that is promised through income-driven repayment plans,” an Education Department spokesperson said.

Except they haven’t earned it.

The “promise” says a certain number of payments, but DoE wants to count non-payments as payments.

If I don’t pay my mortgage, my mortgage company doesn’t pretend that I paid and lower my balance. Why are student loans so special?

Borrowers already saw relief snatched away from them in June when the Supreme Court ruled against Biden’s plan for all 45 million borrowers to receive up to $10,000 in loan forgiveness, and up to $20,000 for Pell Grant recipients.

Pathetic journalism. “Snatched away,” really? Maybe they should’ve written that the President lied when he told all 45 million borrowers that he was forgiving their loans.

“I’ve been working in this space for a long time, and I never really seen regulations be sued at this level,” Abrams said.

Abrams must’ve been asleep from January 2017 - January 2021.

Due to Biden’s “on-ramp” program, borrowers will be able to miss payments up until September 2024 without financial repercussions — besides the accruing interest on their loans. (Emphasis added)

Tiny detail.

“When it pertains to the confidence of the Biden-Harris administration, I think, truthfully, a lot of borrowers were hurt because they feel as though there was a lot of tokenized or false promises given kind of the landscape of the legislative but then also the executive and judicial actions of our institutions of government,” Rogers said.

Astute. Probably a more valuable lesson than these students ever learned in a lecture hall.

“But I believe also there’s still faith in the people seeking an education but are burdened with this debt, that whether it’s going to be the president, whether it’s going to be their congressional figures or their state legislatures that they’re going to do the right thing,” he added.

Oops, I spoke too soon.

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