Biden's Student Loan BS Halted By Federal Court

[Rightguide]

Federal Appeals Court Blocks All Remaining Parts of SAVE Student Debt Relief Plan​

The appeals court ruling was handed down a day after President Joe Biden announced another $1.2 billion in debt forgiveness for 35,000 student borrowers.

By Tom Ozimek
7/18/2024Updated:7/31/2024

A federal appeals court has issued an order that blocks all remaining parts of the federal government’s Saving on a Valuable Education (SAVE) student debt relief plan that weren’t blocked by an earlier lower-court ruling.

In a brief unsigned order entered into the record on July 18, the St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by a coalition of seven Republican-led states led by Missouri to block all remaining active parts of the Education Department’s SAVE plan, which aims to lower student loan payments and forgive debts.

Last month, U.S. District Judge John Ross in St. Louis blocked the Education Department from granting any further loan forgiveness under the SAVE plan but declined to block all of the program.

In response, the White House vowed to appeal the ruling blocking parts of the student debt relief plan, while Missouri Attorney General Andrew Bailey led a coalition of state attorneys general to petition the 8th Circuit to freeze the remainder of it.

More here: https://www.theepochtimes.com/us/fe...oReport&src_src=partner&src_cmp=BonginoReport

This handout to rich Americans has been thwarted.

 

[wizzard426]

Pay your bills, deadbeats!

 

[BabyBoomer50s]

Their Student Debt Disappeared, but Their Financial Problems Didn’t​

Millions of borrowers across the country have had all or some of their student loans eliminated by the federal government​

In a July study, Yannelis and others found that borrowers experiencing student-loan forgiveness largely replaced it with other forms of debt.

The researchers found that borrowers whose debt was forgiven experienced almost no change in their credit scores, likely because they were taking on new loans that countered the benefit of the old ones disappearing.



https://www.wsj.com/personal-financ...c5u8gbrmnkcfc4l&reflink=article_copyURL_share

 

[ll74]

Their Student Debt Disappeared, but Their Financial Problems Didn’t​

Millions of borrowers across the country have had all or some of their student loans eliminated by the federal government​

In a July study, Yannelis and others found that borrowers experiencing student-loan forgiveness largely replaced it with other forms of debt.

The researchers found that borrowers whose debt was forgiven experienced almost no change in their credit scores, likely because they were taking on new loans that countered the benefit of the old ones disappearing.



https://www.wsj.com/personal-financ...c5u8gbrmnkcfc4l&reflink=article_copyURL_share

Likely because improving your credit score is a bitch. Having it lowered is easy, especially when you're behind and it tends to spiral

 

[Saint_Ann]

How much could it possibly cost? Just add it to the national debt.

 

[dkovic77]

Federal Appeals Court Blocks All Remaining Parts of SAVE Student Debt Relief Plan​

The appeals court ruling was handed down a day after President Joe Biden announced another $1.2 billion in debt forgiveness for 35,000 student borrowers.

By Tom Ozimek
7/18/2024Updated:7/31/2024

A federal appeals court has issued an order that blocks all remaining parts of the federal government’s Saving on a Valuable Education (SAVE) student debt relief plan that weren’t blocked by an earlier lower-court ruling.

In a brief unsigned order entered into the record on July 18, the St. Louis-based 8th U.S. Circuit Court of Appeals granted a request by a coalition of seven Republican-led states led by Missouri to block all remaining active parts of the Education Department’s SAVE plan, which aims to lower student loan payments and forgive debts.

Last month, U.S. District Judge John Ross in St. Louis blocked the Education Department from granting any further loan forgiveness under the SAVE plan but declined to block all of the program.

In response, the White House vowed to appeal the ruling blocking parts of the student debt relief plan, while Missouri Attorney General Andrew Bailey led a coalition of state attorneys general to petition the 8th Circuit to freeze the remainder of it.

More here: https://www.theepochtimes.com/us/fe...oReport&src_src=partner&src_cmp=BonginoReport

This handout to rich Americans has been thwarted.

Nice “source”… glad you feel all warm inside. Get that one delivered to your door too I bet!

Anything for you to have get visitors….

Daddy Vlady send you your instructions coded in those pages? Ohhhh it’s a work thing, got it.

 

[Chernosoth]

How much could it possibly cost? Just add it to the national debt.

It could cost many more suicides of the people we need the most, the adults young enough to do hard physical labor and reproduce.

Jobs that pay well enough for students to pay their loans is how we might eventually get out of some of this mess. We could start with stopping illegal immigration, putting more tariffs on imports, and rebuilding the national economy by making our own products. That won't be enough for all of the student loan debt, so we'll just throw the rest on the pile with the other national debts that will eventually be defaulted, and holy shit we'll have plenty of shouting and crying then.

 

[Bray123]

Pay your bills, deadbeats!

Get you rich daddy to pay your bills, deadbeats!

 

[BabyBoomer50s]

Update

Supreme Court leaves Biden’s new student loan repayment plan blocked​

https://www.cnn.com/2024/08/28/politics/supreme-court-biden-student-loan/index.html

 

[SevMax2]

This is not good. Let's be blunt here. Any kind of debt where you can pay it all up and STILL OWE MONEY....is not good. Period. That's a scam, plain and simple, and it needs to be corrected. Paying in full should mean that by now, you're paid in full, not that you still owe as much money as you ever did.

 

[Philthy_Phil]

Ha, good. I got mine, fuck GenZ!

- Babyboobs

 

[Rotadom]

This is not good. Let's be blunt here. Any kind of debt where you can pay it all up and STILL OWE MONEY....is not good. Period. That's a scam, plain and simple, and it needs to be corrected. Paying in full should mean that by now, you're paid in full, not that you still owe as much money as you ever did.

That's not a reason to stop this great program.

 

[Rebel5soul]

Eliminate or modify the program.