FARGO, N.D. (KVRR) –With the future of the Department of Education uncertain, concerns have begun to rise over student loans. The concerns come after the pause on the “SAVE” plan. Currently borrowers are no longer able to apply on any income driven or extended repayment plan on their student loans. With more than 42 million people in the U.S. with…
BISMARCK, N.D. (KVRR) — North Dakota has joined a lawsuit challenging the Biden administration’s attempts to cancel student loan debt. The lawsuit is being led by Missouri and also includes Arkansas, Florida, Georgia, Ohio and Oklahoma. They say Biden is violating the separation of powers clause in the U.S. Constitution and the federal Administrative Procedures Act. That dictates Congress should…
WASHINGTON (AP) – A sharply divided Supreme Court on Friday effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. The 6-3 decision, with conservative justices in the majority, said the Biden administration overstepped its authority with the plan, and it leaves borrowers on the hook for repayments that are…
WASHINGTON, D.C. — It looks like The White House may tie student loan debt relief to an income threshold. Sources say the Biden Administration is leaning towards canceling up to $10,000 in student loan debt for every borrower, but they have to earn less than $125,000 a year. President Biden’s plan could be announced as soon as Wednesday. Sources also…
