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Posted by11 hours ago
Table Slap2020 VeteranTake My PowerAll-Seeing Upvote
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Posted by11 hours ago
Take My EnergyAll-Seeing Upvote

Edit: I suspect the Presidents remarks will be about the new repayment plan. If it is it will only likely be broad information. I'll make a new post if it is announced with whatever information is given but I wanted to set the stage that we may not have all the answers yet if it is announced. The federal register..which is where the actual rules will be published..has already come out today and the new plan isn't in it.

As I think many expected, the Supreme Court issued its opinion today and sadly, have struck down the Biden/Harris debt relief

For questions and comments about the litigation itself please use the horse's excellent pinned post here https://www.reddit.com/r/StudentLoans/comments/13xrmve/litigation_status_bidenharris_debt_relief_plan/

For questions or comments about what this means for borrowers please use this OP. As the day progresses please skim the thread to see if your question has already been addressed. I will edit the OP throughout the day with FAQ's. In the meantime, questions about repayment restart might already be answered here https://freestudentloanadvice.org/repayment-plan/federal-loan-repayment/repayment-restart-news-updates-and-advice/

FAQ

How does this affect the proposed new income driven plan/pslf/the idr adjustment etc?

it doesn't. This decision only kills the Biden/Harris debt relief

What if i received a refund due to COVID. Do I now have to pay it back?

Yes. You can either pay it as a lump sum or let the loan go back into repayment come October and pay it via a payment plan the loan might be eligible for.

So when will payments restart?

Interest will begin accruing on September 1st and payments will start being due in October. (per the ED a few days ago - if this changes due to the date of the opinion i'll update this)

Will the White House take another shot at this?

I doubt it - one would think they will have used what they thought was their strongest legal argument out of the gate. But this is a better question for the litigation thread

Edit: looks like they are going to take another shot after all. See my post about the presidents remarks

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Posted by18 hours ago
All-Seeing Upvote
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Posted by11 hours ago
Gold2SilverI'll Drink to That'MURICA
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