While praising the Biden administration’s move “to stave off this reckless attack from extremist politicians and judges,” advocates stressed that “broad-based debt cancellation is the only solution.”
By Jessica Corbett. Published 7-19-2024 by Common Dreams
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The Biden administration responded to an appellate court temporarily blocking one of its student debt relief programs by pausing payments for the 8 million borrowers already enrolled—a move welcomed by advocates, even as some called for further action.
U.S. Secretary of Education Miguel Cardona acknowledged in a statement that the 8th Circuit Court of Appeals’ ruling against President Joe Biden’s Saving on a Valuable Education (SAVE) plan “could have devastating consequences for millions of student loan borrowers crushed by unaffordable monthly payments if it remains in effect.”
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