Katherine Hamilton
speaker
654 appearances
14 recordings
1 series
first heard Apr 2024
last heard Jan 2025
Katherine Hamilton’s voice in public audio — every appearance, attributed to the second.
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Appearances
And there are lots of different parts of that plan that affect different borrowers with different income levels and other categories.
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The Biden administration has rolled out and is still developing a new plan that's based on a different law than the previous plan was.
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And there are lots of different parts of that plan that affect different borrowers with different income levels and other categories.
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And overall, the plan promises to forgive at least some federal loans for about 25 million borrowers.
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And one of the parts of that overall plan is the SAVE plan, which has seen some legal challenges already.
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The safe plan is part of this new plan that the Biden administration is rolling out.
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It affects primarily lower and middle income borrowers.
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But the most recent legal challenge, Missouri court basically put the entire plan on halt and they're trying to establish whether or not they think
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Biden is overstepping his bounds as president by establishing the SAVE plan.
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So until they make that decision, that plan is on hold.
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So right now, everybody's loans are in forbearance without interest, which means they don't need to pay their loans right now and they're not accruing interest on those loans.
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Not quite.
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They don't need to pay their loans for now and they're not accruing interest on their loans at this time.
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So most borrowers right now are still paying their loans as they would at any other time.
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Since the pandemic pause ended last October, those payments have resumed for most borrowers.
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That email essentially was just to update borrowers that the administration is still working on the plan, still hoping to finalize the plan before the November election this year, and essentially just let borrowers know that it's still a top priority of the administration.
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Right now, for the challenge to save in the Missouri court, there's not too much they can do.
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They haven't said whether they plan to appeal that decision.
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And that's the primary legal challenge right now.
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Whether or not it goes up to the Supreme Court and becomes a larger challenge has yet to be seen.
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Showing 301–320 of 654 · page 16 of 33
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