Bullet points of Biden's student loan cancellation free to move forward as court order expires
Bullet points of Biden's student loan cancellation free to move forward as court order expires
- President Joe Biden's student loan cancellation plan faced legal challenges in federal court.
- A judge in Georgia ruled Georgia lacked standing and transferred the case to Missouri.
- The Biden administration may proceed with the proposal, potentially canceling up to $20,000 in interest for 30 million borrowers.
- Republican states claim the Education Department moved too quickly towards cancellation.
- Missouri, supported by other states, argues on behalf of a loan servicer facing potential revenue loss.
- The Education Department is urged to act swiftly by the courts to prevent mass loan cancellations.
- President Joe Biden's student loan cancellation plan faced legal challenges in federal court.
- A judge in Georgia ruled Georgia lacked standing and transferred the case to Missouri.
- The Biden administration may proceed with the proposal, potentially canceling up to $20,000 in interest for 30 million borrowers.
- Republican states claim the Education Department moved too quickly towards cancellation.
- Missouri, supported by other states, argues on behalf of a loan servicer facing potential revenue loss.
- The Education Department is urged to act swiftly by the courts to prevent mass loan cancellations.