Business Insider: Student-loan borrowers might not lose a key affordable repayment plan just yet.
On Friday, a court dismissed a proposed settlement announced by the Department of Education and the state of Missouri in December that would have eliminated the SAVE income-driven repayment plan ahead of schedule.
1 comment:
I think it's really great that there's not an immediate shutdown of this program. If the program was immediately shut down, 7 million people would need to be removed from the plan and moved to other plans. Student loans are already hard enough to deal with, and making them even harder to pay off shouldn't be the goal of the government. if we are able to support people in finishing paying off their loans, we should. I also through wouldn't expect the Trump Administration to do anything other than try and force people to get more and more predatory loans for their education. I think this also speaks to the rise and cost in education in the United States as a whole and how we need better infrastructure to support higher education for more Americans. I also do think it's interesting how Missouri courts lost jurisdiction over this however because it's no longer considered an active controversy. I didn't know that was how that worked.
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