Appeals court allows part of Biden student loan repayment plan to go forward

WASHINGTON: A federal appeals court has allowed the US Department of Education to move forward with a plan to lower monthly payments for millions of student loan borrowers, delaying a lower court ruling last week. A ruling by the 10th U.S. Circuit Court of Appeals reverses a major part of President Joe Biden’s effort to tackle student debt — a rule that cuts from 10 percent of discretionary income to 5 percent of the amount some borrowers qualify for a repayment plan. must be paid.

Leave a Comment