Nov 15, 2022
A Texas judge blocked student loan cancellation, effectively stopping it in its tracks. Plus, the midterm elections will have an enormous impact on student loans going forward. Between these two events, you could feel the effects even if you wouldn’t benefit from cancellation specifically. I’m diving into the student loan lawsuits, the temporary pause on student loan cancellation, and what will happen when student loan payments resume.
In today’s episode, you'll find out:
- Why the Texas lawsuit that blocked student loan cancellation caught many by surprise
- What happened with the midterms and how it can change student loans going forward
- Why the Eighth Circuit didn’t rule on the lawsuit before the midterm elections
- How the injunction helped the Texas lawsuit gain traction
- Why there’s a temporary pause on student loan cancellation
- How the lawsuit gained standing to allow the judge to rule on merit
- Why more groups and private entities haven’t sued over the student loan relief measure
- How much will student loan defaults spike when payments resume
- How hard do you go on these programs?
- Different options the Biden Administration is looking at for student loan forgiveness
- What the new IDR plan will look like based on the draft release of the rules
- What’s going on with student loan relief
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