Supreme Court blocks Biden’s student debt forgiveness plan

From University World News: ”The SCOTUS left in place the Public Service Loan Forgiveness (PSLF) program and the Income-Driven Repayment (IDR) Plan. Under the PSLF, individuals who work in the public service and who have been making loan repayments for 10 years, will see the remainder of their student loan debt erased. The IDR Plan caps payments at, typically, 5% for individuals whose gross income is greater than US$33,000; if an individual’s income is less, they make no payments. … For the tens of millions of borrowers who in October, when the last pause in collections caused by the COVID crisis expires … Biden announced a ‘temporary 12 month … on ramp’, before payments must commence; during this period ‘bills will not go out.’”

View the full article from University World News.

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