AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |
Back to Blog
Day of defeat source release date1/13/2024 ![]() ![]() I'm not going to stop fighting to deliver borrowers what they need, particularly those at the bottom end of the economic scale."Īs part of the overall plan, the Education Department finalized a program to reduce payments that borrowers with undergraduate loans have to pay monthly to 5% of discretionary income rather than 10%, which the administration said would help them save $1,000 a year. "I believe the court's decision to strike down my student debt relief program was a mistake, was wrong. Now we’re going to start another," Biden told reporters. ![]() The ruling, which was welcomed by Republicans, threatened to dismantle part of the Democratic president's policy agenda.īiden said his administration would pursue a different way to achieve his goal. In a 6-3 decision earlier on Friday, the Supreme Court blocked Biden's plan to cancel $430 billion in student loan debt. The Education Department launched a regulatory "rulemaking" process that is likely to take months. Thwarted by the conservative-leaning court, Biden told reporters that his administration would pursue student loan relief through a different avenue, the Higher Education Act. Supreme Court for blocking a plan to cancel hundreds of billions of dollars in debt that was popular with his voters. WASHINGTON, June 30 (Reuters) - President Joe Biden on Friday announced new measures to provide student loan relief to Americans and condemned the U.S. ![]()
0 Comments
Read More
Leave a Reply. |