An injunction stops the program while litigation plays out. Judges in the Fifth Circuit U.S. Court of Appeals granted an injunction against the most recent loan relief plan…
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Supreme Court Rules Against President’s Student Loan Forgiveness
The opinion affirms the “power of the purse” belongs to Congress. The Supreme Court declared that President Biden’s administration does not have the authority to take unilateral action…
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FTC Supports Regulations to Protect Postsecondary Students
Agency comments on Education Department’s efforts to counter deceptive practices in higher education. The Federal Trade Commission’s (FTC) Bureau of Consumer Protection expressed support for the U.S. Department…
Read MoreSenate Plan Would Cut College Costs
A series of bills would also address student debt. Senator Bill Cassidy of Louisiana, Steve Daines of Montana, Tommy Tuberville of Alabama, Chuck Grassley of Iowa, Tim Scott…
Read MoreSenate Passes Bill to Halt Student Loan Forgiveness
A presidential veto is expected. The Senate passed legislation that overturns the student debt relief plan established by President Biden. That program would give 40 million loan recipients…
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House to Vote on Debt Ceiling
Reservations on the bill remain strong. The House of Representatives is expected to vote on a bill to suspend the debt ceiling Wednesday evening. The bill was negotiated…
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FTC Stops Student Loan Debt Relief Schemes
Debt relief scams conned student borrowers out of millions. The Federal Trade Commission (FTC) has stopped two companies falsely claiming affiliation with the Department of Education and deceiving…
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House Speaker Unveils Debt Limit Proposal
Debt ceiling would go up, and discretionary spending would come down. House Speaker Kevin McCarthy of California revealed a plan to increase the debt limit and cut government…
Read MoreSupreme Court Hears Appeal for Biden Student Loan Cancellation
Skeptical justices point to major questions doctrine. The Supreme Court heard arguments for the appeal from President Biden’s administration to reconsider the legality of President Joe Biden’s plan…
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Education Secretary Proposes Reducing Student Loan Debt
The president’s loan forgiveness program awaits its day in court. The Department of Education announced a new proposal to cut student loan payments on undergraduate loans by half…
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