President Trump's Student Debt Relief Plan Is Blocked

On July 18, the 8th U.S. Circuit Court of Appeals ruled to block the Biden administration from moving forward with its new student debt relief plan.

Tổng thống Mỹ Joe Biden phát biểu về phán quyết của Tòa hình sự quận Manhattan, New York, Mỹ, trong đó kết luận cựu Tổng thống Trump có tội trong vụ việc chi “tiền bịt miệng” từ năm 2016, tại Phòng ăn Nhà nước của Nhà Trắng, ở Washington, DC, ngày 31/5. C

US President Joe Biden's student debt relief plan for 2022 is estimated to cost around $430 billion. (Source: AP)

A St. Louis-based court has granted a request from several Republican-led states to completely halt the U.S. Department of Education’s plan to reduce student debt. In June, Judge John Ross of the lower court in St. Louis ruled that the Department of Education could continue to forgive student debt under the Savings for Valuable Education (SAVE) program, but did not block the program entirely.

Last week, state attorneys general, led by Andrew Bailey (Missouri), asked the 8th U.S. Circuit Court of Appeals to block the remaining portions of the SAVE plan. The court ruled in favor of the proposal.

The plan has more generous terms than previous income-driven repayment plans, reducing monthly payments for eligible borrowers and allowing those with loans of $12,000 or less to have their debt forgiven after 10 years.

On social media, Mr. Bailey welcomed the decision of the appeals court. Meanwhile, the US Department of Education has not commented on the above information.

Source: https://baoquocte.vn/ke-hoach-gia-m-no-sinh-vien-cu-a-to-ng-thong-my-bi-chan-dung-279277.html