Student loan borrowers face disruption as Biden's plans halted by court

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Student loan borrowers face disruption as Biden's plans halted by court

^{Published on 2025-02-28 17:40:48 - MSN}

Student loan borrowers are struggling to access applications due to a court ruling, tax refunds are significantly smaller this year, 401k account balances have hit a record high, and Blue Origin is set to launch an all-female space mission in the spring.

The article discusses the recent halt of President Joe Biden's student loan forgiveness plan by a federal appeals court, causing significant disruption for millions of student loan borrowers. The plan, which aimed to cancel up to $20,000 in student debt for eligible borrowers, was blocked following a lawsuit by several Republican-led states. This decision has left borrowers in limbo, with payments set to resume in October 2023, regardless of the ongoing legal battles. The article highlights the confusion and frustration among borrowers, as well as the potential economic implications of restarting loan repayments amidst other financial pressures. It also mentions that the Supreme Court has yet to make a final decision on the legality of Biden's plan, leaving the future of student loan forgiveness uncertain.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/personalfinance/student-loan-borrowers-face-disruption-as-biden-s-plans-halted-by-court/ar-AA1zZgyS ]

N@N

Student loan borrowers face disruption as Biden's plans halted by court