Apr 11, 2023
The Supreme Court's decision on the student loan cancellation case will have a profound impact on the Biden administration and on the implementation of the new REPAYE plan. I’m exploring that and giving updates on recent developments, such as a federal judge dismissing a case alleging racial motive for student debt cancellation and the introduction of a congressional resolution to stop cancellation and waiver programs. Additionally, I explore issues with the Department of Education's implementation and communication, the increasing resemblance of student loans to income tax, and the importance of considering federal loans when financing education.
In today’s episode, you'll find out:
- Potential outcomes of the Supreme Court ruling on student loan cancellation
- How a lack of final rules and staff may delay the new REPAYE plan
- How case alleging discriminatory motivations for student debt cancellation was dismissed
- A warning to Biden administration about legal strategies to justify debt cancellation
- How to get disability insurance and discounts from Student Loan Planner
- Updates to congressional resolution to stop cancellation and waiver programs for student debt
- The possibility of debt reinstatement through joint resolution
- Political implications of student loan forgiveness and the IDR waiver
- How the Department of Education's policies and communication are flawed
- Details and potential challenges of the upcoming end to the student loan pause
- Importance of considering federal loans when financing education
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