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Message
4
Posted on 7/13/23 at 11:59 am to Nosevens
quote:
This should not hold up in court
Well, it's possible that it will as it appears on its face to be generally in line with changes that were made with the PAYE and REPAYE payment options under previous administrations. I'm not sure where the Court will draw the line at on what is a completely new program than what congress intended.
Posted on 7/13/23 at 12:10 pm to Nosevens
quote:
This should not hold up in court
He’s going to go through the APA and use negotiated rule making, which means it will take over a year or two for these changes to go into effect. My understanding is that governing repayment plans is well within the scope of the Higher Education Act. It’s not blanket forgiveness and still requires people who make money to pay back on their loans.
It’s a delicate balance for Republicans as well. If they oppose this entirely it’s dangerous considering that millennials are soon going to be the voting majority and student loan reform is a big issue for a lot of them. And most people don’t have an issue with zero or one percent interest in loans.
Posted on 7/13/23 at 12:12 pm to Nosevens
It won't.
Posted on 7/13/23 at 2:30 pm to Nosevens
quote:
This should not hold up in court
Other than the $0 payments part based on income, this is EXACTLY what Republicans should have been proposing all along. Opposing this would be very foolish.
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