Student Loan Cancellation Is Blocked. Now What?
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A Texas judge blocked student loan cancellation, effectively stopping it in its tracks. Plus, the midterm elections will have an enormous impact on student loans going forward. Between these two events, you could feel the effects even if you wouldn\\u2019t benefit from cancellation specifically. I\\u2019m diving into the student loan lawsuits, the temporary pause on student loan cancellation, and what will happen when student loan payments resume.\\xa0
In today\\u2019s episode, you\'ll find out:
- Why the Texas lawsuit that blocked student loan cancellation caught many by surprise
- What happened with the midterms and how it can change student loans going forward
- Why the Eighth Circuit didn\\u2019t rule on the lawsuit before the midterm elections
- How the injunction helped the Texas lawsuit gain traction
- Why there\\u2019s a temporary pause on student loan cancellation
- How the lawsuit gained standing to allow the judge to rule on merit
- Why more groups and private entities haven\\u2019t sued over the student loan relief measure
- How much will student loan defaults spike when payments resume
- How hard do you go on these programs?
- Different options the Biden Administration is looking at for student loan forgiveness
- What the new IDR plan will look like based on the draft release of the rules
- What\\u2019s going on with student loan relief
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- Follow on Apple Podcasts, Spotify or Google Podcasts
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Feeling helpless when it comes to your student loans?
- Try our free student loan calculator
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- Book your custom student loan plan
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Do you have a question about student loans? Leave us a voicemail here or email us at help@studentloanplanner.com and we might feature it in an upcoming show!
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