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I'm not following your point about student loan debt relief impacting the economy. It seems that money has not yet been released yet. From your link [0]: > "If
by mikem170 4y ago
I'm not following your point about student loan debt relief impacting the economy. It seems that money has not yet been released yet. From your link [0]:
> "If you made voluntary payments during the payment pause (from March 13, 2020, through Dec. 31, 2022) and your current loan balance is below the amount of debt relief you’ll receive, after you successfully apply for and receive debt relief under the administration's debt relief plan, we’ll automatically refund the amount you paid during the payment pause (only up to the remaining amount of your eligible debt relief)," the Office of Federal Student Aid states on its website.
> But that plan is currently being challenged in court. A federal appeals court on Oct. 21 issued a temporary block on the student loan forgiveness program as it considers legal challenges raised by six states: Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina.
I didn't see anything corroborating your statement that checks were mailed out. Maybe I missed something?
It's my understanding that the pause in student loan payments was initiated prior to Biden becoming president, along with the trillions of dollars of stimulus given to small business owners and individuals, as alluded to by the top post in this thread.
[0] https://www.foxbusiness.com/personal-finance/student-loan-refund-checks-qualify https://www.foxbusiness.com/personal-finance/student-loan-re...