this post was submitted on 30 Jun 2023

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The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt (apnews.com)

submitted 1 year ago by NightOwl@lemmy.fmhy.ml to c/worldnews@lemmy.ml

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[–] _max@vlemmy.net 6 points 1 year ago (1 children)

I was under the impression the student loan companies did not care. They were getting paid regardless.

[–] JCreazy@midwest.social 2 points 1 year ago (1 children)

Maybe that is correct. I'm not sure who was giving the money back.

[–] _max@vlemmy.net 5 points 1 year ago

The government was going to pay off the loans. This is why MOHELA publicly said it was all the same to them. Internally they projected increase revenue from forgiveness.

https://truthout.org/articles/report-central-legal-case-against-student-debt-relief-is-fundamentally-false/