this post was submitted on 29 Mar 2024
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The Kansas-led lawsuit is seeking to have the SAVE plan immediately halted. The attorneys general from Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas and Utah joined the suit.

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[–] [email protected] 24 points 8 months ago* (last edited 8 months ago)

Apparently capping interest for people in financial hardship while they're making regular payments to prevent a loan that spirals out of control from accumulating interest is "a bailout for the wealthy." According to Republicans.

Very upsetting because the new SAVE plan is a big improvement over the prior repayment options in a lot of ways. Imagine if due to a court order everyone who just got restarted on student loan repayments suddenly has their payment plan forcibly and suddenly switched back resulting in higher payments and all the confusion and people who would blame Biden and, oh I think I just explained why Republicans are doing this.