If you weren't involved in the class-action settlement, you may not be eligible for relief stemming from this ruling. But you could save on your monthly payments by refinancing your private student loans at a lower rate.You can visit Credible to get your personalized ratein minutes. These s...
"The secretary's claimed authority amounts to nothing less than the power to cancel, en masse, every student loan in the country," the challengers said in court papers. They asked the Supreme Court to put Alsup's ruling on hold and consider hearing the case on an accelerated basis. The ...
The court's student loan ruling Before striking down the plan, the Supreme Court first said Missouri, one of the six states that challenged the lawfulness of the plan, had the right to sue, known as legal standing. That finding allowed the court to consider whether the secretary of education...
Today’s Supreme Court ruling confirmed what we have known all along: the Biden administration’s student loan plan is an overreach of executive power. This is an obvious but welcomed ruling. President Biden’s student loan scheme...unfairly transfers the burden from those who willingly...
Reports on a ruling by the Iowa Supreme Court that federal laws supersede state rules on the collection of student loans. Pre-emption by federal regulations over restrictions on debt collection efforts in Iowa state law; Due diligence in collection practices observed by lenders.Zapler...
Supreme Court issues 2 rulings, has not yet ruled on student loan, affirmative action casesThe Supreme Court issued two opinions Friday morning but did not touch on cases involving affirmative action and student loans. CBS News legal contributor Jessica Levinson has more.Jun 16, 2023...
The White House earlier this week continued to decline to say what a "Plan B" would look like should the court reject the plan. Biden, in his first reaction to the ruling, said "the fight is not over." "I believe that the Court’s decision to strike down our student debt relief...
In response, President Biden called the ruling “unthinkable” and said he’d take “a new path” that’d allow Education Secretary Miguel Cardona to “compromise, waive, or release loans” in certain circumstances. He also announced that borrowers who miss a student loan payment in the first...
Graduates who took out student loans respond to the Supreme Court's ruling striking down President Joe Biden's student debt relief program. June 30, 2023 Additional Live Streams Additional Live Streams Live ABC News Live Live Tracking the next major winter storm set to move across the country ...
The Supreme Court ruling impacts repayments because borrowers will have to restart their payments based on their full balance, without the benefit of up to $20,000 in debt relief. Figure out which servicer has your loan Student-loan repayments are slated to restart on September 1 ...