If you actually read the two cases putting preliminary injunctions on pieces of Biden's income-driven repayment program, as I did, you find they are contradictory, inconsistent with 30 years of IDR in practice, and totally unworkable:
Two judges this week invalidated part of a program that’s been in place for 30 years. The rulings contradict each other and seem unworkable in practice.
If you got your terminal law degree in 1979 or 1981 as those two justices did, you shouldn’t get to weigh in on loan forgiveness now; they went to school in BBC a completely different financial climate.
This is my shocked face 😐
It's almost as if they are operating in bad faith.
the proper response here by the Biden admin is to put out a statement highlighting these issues and inconsistency, end it with a declaration that they are NOT bound by such literally unprecedented and illegal rulings, and ARE bound "to take care that the laws be faithfully executed".
These decisions are so much worse than the headlines make it seem (judges strike down Biden loan program). Good article
Do you know if, I’m accepted under the plans but deferred to 2025 payments (didn’t have a job earlier this year) I’ll still get the Lower payment?
This pisses me off so goddamn much. Me and my wife (thankfully!) have our publicly-held student debt forgiven under the defucked PSLF/IDR program/waiver, and I truly believe this new IDR plan will help way more people than the one-time forgiveness that got tossed out
Conservatism in a nutshell.
This is the first I am even hearing of these rulings, and I am now completely confused on how to manage my finances. My debt hasnt been forgiven, but I have no idea what my bill will be next month or next year. Loan payment is my biggest bill after rent. Absolutely absurd.
It's like having several hundred Presidents simultaneously