Student Loan Cancellation Complaints and Challenges

Student Loan Planner

The Biden Administration announced student loan cancellation, and it’s a pretty big deal. But a report was released this past week about potential lawsuits filed against the cancellation. It’s a lot to take in, but the outcome could have a huge impact on student loan borrowers.

So, I’m breaking down the impact of the cancellation, what could happen if there’s a lawsuit, and how it fits together with the PSLF Waiver and IDR Waiver.

In today’s episode, you'll find out:

• If the student loan cancellation is struck down, what happens to the current student loan pause
• What is the risk of a lawsuit
• Why the new “Biden IDR” plan is a big deal
• What the new repayment and forgiveness plan does for borrowers
• How high-income earners with high student loan debt will be impacted
• How will schools react to the new plan
• What’s going on in the business, a personal update and special thank you to our listeners and readers

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