WASHINGTON, D.C. — The Supreme Court on Wednesday kept on hold the latest multibillion-dollar plan from the Biden administration that would have lowered payments for millions of borrowers, while lawsuits make their way through lower courts.
The justices rejected an administration request to put most of it back into effect. It was blocked by the 8th U.S. Circuit Court of Appeals.
In an unsigned order, the court said it expects the appeals court to issue a fuller decision on the plan “with appropriate dispatch.”
The Education Department is seeking to provide a faster path to loan cancellation, and reduce monthly income-based repayments from 10% to 5% of a borrower’s discretionary income. The plan also wouldn’t require borrowers to make payments if they earn less than 225% of the federal poverty line — $32,800 a year for a single person.
Last year, the Supreme Court’s conservative majority rejected an earlier plan that would have wiped away more than $400 billion […]
With the six ultra-conservative justices, I personally believe the Court is corrupt! I know that sounds harsh, but I merely look at their recent rulings. A concern now enters the picture on what a number of states have done to block voters; i.e. requiring proof of citizenship, allowing ONE person to prevent a certification of votes in a state and other issues that are or are coming before the Court. They have often ruled that there was not enough time in the past on a ruling and they are allowing these things to be delayed; thereby causing another ruling that it was too late to decide. We are talking about a NATIONAL ELECTION FOR PRESIDENT and what can be more important that this! There is no question that Roberts will go down in history as one of the absolutely WORST Supreme Chief Justices EVER!!!! People need to start complaining because our future is at stake if they, by not ruling, will change the outcome of this election, which it probably will.