Diverse: Issues In Higher Education
Student debt relief chaos persists due to lawsuits, judicial rulings, and loan servicer changes. Biden’s attempts to forgive loans faced legal challenges, diluting plans’ impacts. Borrowers struggle to find accurate information amidst changes. The end of pandemic-era payment pause and high inflation exacerbate repayment difficulties. The politicized nature of higher education contributes to the chaos, impacting 43.2 million Americans with student loan debt. Recent court rulings limit Biden’s SAVE plan, causing confusion for borrowers. The U.S. Supreme Court’s elimination of the “Chevron deference” opens the door for more lawsuits against federal agencies. Experts advise borrowers to prepare for the least generous payment plan.