Biden's SAVE Plan Blocked By Federal Judges

Federal judges have blocked key parts of Biden's SAVE Plan, throwing student loan forgiveness into uncertainty.

In this video, we break down the latest developments, including why the SAVE Plan was blocked and how it impacts millions of borrowers. Learn about the current status of forgiveness programs, ongoing legal challenges, and crucial deadlines you need to know.

Here what steps you can take right now to protect your interests and stay on track for potential debt relief. Get the clarity and guidance you need in this June 2024 update on the blocked SAVE Plan and other loan forgiveness options.

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Hosted by Stanley Tate
Edited by Vzion Productions

#StudentLoans #SAVEPlan #BidenAdministration #LoanForgiveness #StudentDebt

[JosefLA-gtut]

Look just allow students to enter into bankruptcy easily like all other normal financial debt ; the idea of not allowing student debt bankruptcy relief as all debts should be legally challenged….

[consumerdebtchitchat]

Had my 110k student loan forgiven in 2022 after holding it for 16 years as a teacher. I'm now entering my 19th year teaching this fall and student loan relief has been a financial game changer.

What ticks me off is we don't jerk Banks and other large corporations around like this. Main Street gets jerked around because if main Street gets out of debt, Wall Street doesn't make as much money. Always remember, your debt relief denies bankers a paycheck.

[jupiterbullish]

Should be able to sue the gov for all this

[trinandrealewis]

Thank you for sharing your experience and being concerned about others.
Didn't take that long to bail out businesses and banks.

[meganstrauss]

You're the best information source! Thank you!

[DrLaRenda]

Yall people dont get it, they coming after your social security.

[dswitchlife]

Will you do a video regarding the July 18, 2024 court ruling?

[cutback]

lol. Didn't expect anything less. No.. I'm not freaking out, because F them. I will not pay another $0.01 until the day I die. IDGAF about a credit score

[JosefLA-gtut]

Bankruptcy; really it doesn’t destroy you’re credit for 10 years, there are ways to re- establish your credit in one year ; Student’s need to demand that their debt is treated. Fairly and equally under standard bankruptcy laws period….Students should be treated equally as any citizen not less then any citizen with equal rights under present standards of normal bankruptcy law ; students are put in a form of Debt prison and held here for thirty years; this is a unlawful practice and debt prison was abolished a century ago….Demand Standard Bankruptcy Law Be Enacted Immediately ; Student’s Civil Rights Are Being Violated Period ….Again Demand That Student Loans Must Be Allowed To Enter A Normal Standardized Bankruptcy Petition And Law…..Students Are Not Second Class Of Citizen…… Stand Up And Demand The Same Standards Of Bankruptcy For All Other Citizens Debt Relief…..Again Students Are Being Placed In A Illegal And Unlawful Debt Prison System For Thirty Years Before Being Released …..This Needs To Stop Immediately…..It Flies In The Face Of both Your Constitutional And Civil Rights…..

[christophermoreira]

People on SAVE now can expect up to 5x increase starting in December. Mine did. And I'm pissed! So if you pay $200/month now, expect $1000/month.

[houstontexas]

🙏🏾☝🏾😇🙌🏾👏🏾YOU ARE THE BEST RESOURCE MY BROTHER AND THANK YOU FOR YOUR EXPERTISE AND CARING!! I’M PRAYING MY LOANS AND EVERYONE ELSE LOANS ARE FORGIVEN SO WE CAN MOVE FORWARD IN LIFE!! THANK YOU AND MAY GOD CONTINUE TO BLESS YOU!!☝🏾🙏🏾👏🏾🙌🏾😇

[allboswe]

I have about $12k of student loans in standard repayment, but I plan on having it paid off by next year unless I lose my job or an emergency happens. I would have it paid off this year, but I made some decisions (some stupid, some necessary) that cost me about $5k of credit card debt. My situation could be much worse, but it still can be if I lose my job or I get hit by a bus tomorrow (and survive). 😂

[dk]

One of the things that the save plan is helpful is when you're low income and the payments are zero. Many of us can't afford the high interest payments. This includes veterans, teachers, and others. You cant pay you cant pay. As my father says you cant get blood from a stone.

Would leaving SAVE and going to IBR be a wise option, just for some peace of mind??? I don't hear anything about this plan in the news. Consolidator here who had commercially-held FFEL loans (went into repayment Oct 2004) that were consolidated in 12/23 and been waiting for the one-time adjustment for some relief. I'm willing to pay more for my sanity and sacrifice an interest subsidy and continue to get qualifying payments considering time in repayment. I just can't stand this will-they-won't-they drama that's becoming unbearable.... thx in adv.

[SmecaWash]

Omg I’m screwed I consolidated and after being in repayment for 17 years and now I’m going to have to pay for another 25 years because this started the loans over

[tyronegray]

You are doing a wonderful service for fellow Americans!!!! Thank you!!!!

[thriftymeg]

They say America got rid of sins of the father. But if you don’t have stable parents your screwed for life. If you somehow earn you degree work hard you will still have a huge financial ball and chain. How does this make sense to have a bunch of people with huge student loan burdens? How does this help society?

[thewaywb]

Its should be blocked that's Congress job not the presidents

[FredSherman-kl]

I aint paying for those who refuse to work

[charliediaz]

Thank god I got rid of my loans. Trusting GOV to get forgiven is a joke.
Best thing I did was pay it off during covid .. good luck yall