Appeals Judge Rules Student Loan Payment Cuts Can Proceed, and Other Student Loans News
July 3, 2024 – In an article for Bankrate about the recent rulings on the SAVE program, Stacey MacPhetres, senior director of education finance at EdAssist by Bright Horizons discusses both the impact of rulings and what borrowers need to keep in mind as a result.
MacPhetres explains that on July 1, the Denver-based 10th U.S. Circuit Court of Appeals allowed the Education Department to reduce payments while the administration pursues an appeal.
“So borrowers currently enrolled in the SAVE program will see a reduced payment,” she says.
Read the full article here.