Biden's student loan repayment plan rulings

Two new rulings have frozen much of Biden's newest student loan repayment plan, setting up another possible student debt reckoning before the Supreme Court.

Federal Judges Block Biden Student Loan Repayment Plan

Federal judges in Kansas and Missouri blocked parts of a Biden administration student loan repayment plan, preventing the Department of Education from implementing certain aspects to help borrowers. Both judges appointed by former President Barack Obama ruled that Education Secretary Miguel Cardona exceeded Congress' authority. Republicans hailed the decisions as victories against shifting loan repayment costs to taxpayers.

Changes in Student Loan Repayment Plans

Big changes are coming for student loan borrowers on July 1, with the SAVE plan cutting monthly payments in half for many borrowers. The plan exempts more income from payments and stops interest accumulation beyond what a borrower can afford. While some disagree with the level of debt forgiveness, the program is set to proceed despite legal challenges.

Discussion on President Biden's student loan handout proposal

The article discusses the fallout from President Biden's student loan handout proposal, with 'Real Time' host Bill Maher criticizing the plan as potentially funding antisemitism on college campuses. Fox News contributors also express concerns over the fairness and effectiveness of the plan.

AOC Praises Biden's Student Loan Bailout on The Late Show with Stephen Colbert

Rep. Alexandria Ocasio-Cortez praised President Joe Biden's student loan bailout plan on The Late Show with Stephen Colbert, highlighting benefits such as relieving debt and enabling travel abroad. The plan is expected to transfer billions of dollars of student debt to American taxpayers.