We’re tracking the news and commentary regarding the controversial decisions and what impact they may have.
Biden’s knocks Court decision, announces new plans for student-loan borrowersthat the Supreme Court made the wrong decision and defended the plan they invalidated. “I think the court misinterpreted the Constitution,” he said, blaming Republicans for the plan’s demise and vowing that he was “not going to stop fighting to deliver borrowers what they need, particularly those at the bottom end of the economic scale.
When student loan repayments restart on October 1 following the three-year pandemic pause, there will be a temporary 12-month “on-ramp” program for borrowers that protects them from defaulting on their loans or damaging their credit, should they be unable make their scheduled repayments. Per: “While payments will be due and interest will accrue during this period, interest will not capitalize at the end of the on-ramp period.
For student-loan borrowers enrolled in the income-driven repayment plan, the monthly cap on discretionary income they pay toward their student debtfrom 10 percent. In addition, loan forgiveness will now be offered to those borrowers if their balance is $12,000 or less after they had made payments for 10 years, down from 20 years. They will not be charged with unpaid monthly interest, either, so long as they make their monthly payments.
a year ago, powered by the court’s conservative majority, that for the first time recognized that the Constitution’s Second Amendment includes a right to bear arms outside the home.
Justices often accuse other branches of violating the Constitution. Here, Kagan said, WE violated it.
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