Corey Turner

President Biden created the SAVE plan, but only Congress has the power of the purse, not the president. And if Congress had wanted to spend nearly half a trillion dollars on a loan repayment plan, it would have. And is this argument working? Like, where do things stand legally at the moment?

President Biden created the SAVE plan, but only Congress has the power of the purse, not the president. And if Congress had wanted to spend nearly half a trillion dollars on a loan repayment plan, it would have. And is this argument working? Like, where do things stand legally at the moment?

President Biden created the SAVE plan, but only Congress has the power of the purse, not the president. And if Congress had wanted to spend nearly half a trillion dollars on a loan repayment plan, it would have. And is this argument working? Like, where do things stand legally at the moment?

Well, we're waiting for the next ruling, but the courts have already issued an injunction, which is a fancy way of saying nobody can use save until they figure out if it's legal.

Well, we're waiting for the next ruling, but the courts have already issued an injunction, which is a fancy way of saying nobody can use save until they figure out if it's legal.

Well, we're waiting for the next ruling, but the courts have already issued an injunction, which is a fancy way of saying nobody can use save until they figure out if it's legal.

Yeah, it means nobody has to make payments until the court decides if save is legal. Also, interest is not accruing. But, you know, there are a lot of borrowers for whom this confusion, this limbo is just too much. And so for them, they should know they have a few other options. The Ed Department is reopening to older repayment plans.

Yeah, it means nobody has to make payments until the court decides if save is legal. Also, interest is not accruing. But, you know, there are a lot of borrowers for whom this confusion, this limbo is just too much. And so for them, they should know they have a few other options. The Ed Department is reopening to older repayment plans.

Yeah, it means nobody has to make payments until the court decides if save is legal. Also, interest is not accruing. But, you know, there are a lot of borrowers for whom this confusion, this limbo is just too much. And so for them, they should know they have a few other options. The Ed Department is reopening to older repayment plans.

Though I should say a court ruling against save, if it's broad enough, could actually take them down too. If borrowers want a safer bet, they could jump over to the one income-based plan, Alexi, that Congress created itself, which means it's safe. It's called IBR, for income-based repayment, and it offers some loan forgiveness.

Though I should say a court ruling against save, if it's broad enough, could actually take them down too. If borrowers want a safer bet, they could jump over to the one income-based plan, Alexi, that Congress created itself, which means it's safe. It's called IBR, for income-based repayment, and it offers some loan forgiveness.

Though I should say a court ruling against save, if it's broad enough, could actually take them down too. If borrowers want a safer bet, they could jump over to the one income-based plan, Alexi, that Congress created itself, which means it's safe. It's called IBR, for income-based repayment, and it offers some loan forgiveness.

But because of its rules, there are going to be some borrowers who may not qualify for the plan. What is clear at this point is that just about any other plan compared to save is probably going to mean an increase in borrowers' monthly payments.

But because of its rules, there are going to be some borrowers who may not qualify for the plan. What is clear at this point is that just about any other plan compared to save is probably going to mean an increase in borrowers' monthly payments.

But because of its rules, there are going to be some borrowers who may not qualify for the plan. What is clear at this point is that just about any other plan compared to save is probably going to mean an increase in borrowers' monthly payments.

I don't have a crystal ball, obviously, but I would say the only way it survives is for three unlikely things to all happen. And that is for the courts, for the incoming Trump administration, and for Congress, which will soon be controlled by Republicans, to all three decide that they want Save to stick around. Is that impossible? No, but boy, is it unlikely.

I don't have a crystal ball, obviously, but I would say the only way it survives is for three unlikely things to all happen. And that is for the courts, for the incoming Trump administration, and for Congress, which will soon be controlled by Republicans, to all three decide that they want Save to stick around. Is that impossible? No, but boy, is it unlikely.

I don't have a crystal ball, obviously, but I would say the only way it survives is for three unlikely things to all happen. And that is for the courts, for the incoming Trump administration, and for Congress, which will soon be controlled by Republicans, to all three decide that they want Save to stick around. Is that impossible? No, but boy, is it unlikely.

This latest effort for borrowers in the public service loan forgiveness program will provide more than $4 billion in relief. In a statement, President Joe Biden said his administration has now approved relief for nearly 5 million student loan borrowers. The news comes as Biden's largest efforts to provide loan forgiveness have been shut down or remain tangled in the courts.

This latest effort for borrowers in the public service loan forgiveness program will provide more than $4 billion in relief. In a statement, President Joe Biden said his administration has now approved relief for nearly 5 million student loan borrowers. The news comes as Biden's largest efforts to provide loan forgiveness have been shut down or remain tangled in the courts.