John,
Student loan debt is once again proving to be a hot-button issue for young people in this country. This week, the Supreme Court of the United States (SCOTUS) began hearing arguments on Biden’s blocked federal student loan forgiveness plan.
If you’re just now catching up on the latest in federal student loan debt forgiveness, here’s a quick refresher on what’s happening: -
In August 2022, President Biden announced his plans to cancel student loan debt. The program included up to $20,000 of federal student loan forgiveness.
- The U.S. Court of Appeals for the Eighth Circuit (led by six Republican-led states) has issued an injunction that is currently blocking the student loan forgiveness program from being carried out.
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SCOTUS has agreed to hear arguments for the case, leaving the injunction in place until then.
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In response to this injunction, the student loan payment pause will extend until the U.S. Department of Education is permitted to implement the debt relief program or the litigation is resolved–payments will restart 60 days later. Suppose the debt relief program has not been implemented and the litigation has not been resolved by June 30th. In that case, payments will resume 60 days after that.
On Tuesday, hundreds of youth activists from across the country gathered to rally in support of Biden’s student debt relief plan. The Alliance team joined 30 students from the Alliance Network organization Ohio Student Association outside of the Supreme Court to rally in support of Biden’s plan. Check out highlights from the rally on the Alliance blog! |
