Loading...
Market
Story
Federal Judge and Two Courts Halt Part of Biden's Student Loan Repayment Plan
Jun 24, 2024, 11:17 PM
A federal judge in Missouri has halted part of President Joe Biden's SAVE student loan repayment plan. The court's decision blocks the U.S. Department of Education from canceling debt for borrowers under the new rules, although millions of borrowers still qualify for lower payments and a break on unpaid interest. The ruling is a significant setback for Biden's administration, which aimed to provide student debt relief to millions of Americans. The decision follows challenges from 11 states, arguing that the plan was unconstitutional and lacked congressional approval, involving half-a-trillion dollars. Additionally, two federal courts have blocked parts of the plan.
View original story
Similar markets
Fully Implemented • 33%
Partially Implemented • 33%
Not Implemented • 34%
Passes supportive legislation • 33%
Passes blocking legislation • 33%
No legislative action • 34%
Block upheld by Appeals Court • 33%
Block overturned by Appeals Court • 33%
Appeal dismissed • 34%
Implemented as planned • 25%
Implemented with modifications • 25%
Not implemented • 25%
No decision by date • 25%
Signed into law • 25%
Vetoed by President • 25%
Stalled in Senate • 25%
Overturned by court • 25%
Implemented as originally proposed • 25%
Revised and implemented • 25%
Permanently blocked • 25%
No final decision by deadline • 25%
Passes • 25%
Fails • 25%
Stalled • 25%
Withdrawn • 25%
Passed by Both Houses • 25%
Passed by House Only • 25%
Passed by Senate Only • 25%
Not Passed • 25%
Funds fully frozen • 33%
Partial freezing of funds • 33%
Funds not frozen • 33%