The Biden administration is not backing down on its decision to end postponements of student debt payments in the immediate future.
The Supreme Court is expected to soon make a ruling on two cases seeking to block President Biden's proposed student loan forgiveness that would distribute up to $20,000 per borrower.
Education Secretary Miguel Cardona revealed last week that the administration intends to resume normal debt repayment expectations approximately 60 days after the Supreme Court makes its ruling.
If the court does not publish a ruling promptly, the administration is prepared to resume payments 60 days after June 30.
Biden admin awaiting SCOTUS decision before countdown to student loan repayments
- by: Timothy H.J. Nerozzi
- 2023-05-17
- Source:
Fox News
- 05/17/2023
The front façade of the Supreme Court of the United States in Washington, DC. by Ian Hutchinson is licensed under Unsplash unsplash.com
The front façade of the Supreme Court of the United States in Washington, DC. by Ian Hutchinson is licensed under Unsplash unsplash.com
