The roller coaster ride for borrowers enrolled in a key affordable repayment plan continues.
On Monday, the 8th Circuit directed a district court to approve Donald Trump’s proposed settlement with the state of Missouri to eliminate the SAVE student-loan repayment plan.
The plan has been embroiled in a legal back-and-forth for years. Most recently, a district court declined to rule on the proposed settlement, which some advocates and lawmakers saw as a win for borrowers and urged the Department of Education to carry out relief under SAVE.
However, the 8th Circuit’s ruling means that, once approved, the department will move forward with the settlement and require enrolled borrowers to transition to a new plan.
Yet we’re dropping nearly $1,000,000,000 on a war we never should have started.
Oh, well i guess someone has to pay for it 🫠
I assume it’s similar for college, but investing in children’s education has a very high rate of return.
All of this money sunk into the war not only will never come back, but it also causes cascading costs from having shipping lines closed down, for example.
This administration only looks at a week ahead, they don’t know about the ROI of 13+ years investments, that is kids going to school.
I’m gonna have to ask for the reference that shows they look that far ahead.
About a Billion a day over 3.7B in 3.5days.
bro add 3 zeroes to that. 1 billion is barely a fraction of our budget for killing brown people