Corey Turner

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Way bigger. It's happening to all of the roughly 8 million people who are enrolled in the SAVE plan and are now in the student loan equivalent of limbo.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.

Because of the cost, really, Alexi, by one estimate, the plan could cost $475 billion over 10 years, which would make it maybe more expensive than Biden's original loan forgiveness plan, which was obviously struck down by the Supreme Court. And so those Republican state attorneys general, I mentioned earlier, They have been arguing in court over the past year that, look, this is Civics 101.

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.