Key points:
- The consequences go beyond borrowers and could slow economic growth
- 7 harmful policies higher ed could see in 2025
- The urgency of now: Fighting back against the destruction of public institutions
- For more news on higher-ed policies, visit eCN's Campus Leadership hub
The U.S. Department of Education announced the suspension of all income-driven repayment (IDR) plans for federal student loans. This decision stems from a ruling by the U.S. Court of Appeals for the 8th Circuit, which expanded an injunction against President Joe Biden's Saving on a Valuable Education (SAVE) program. The court’s decision not only halted the SAVE program but also put the future of other IDR plans in jeopardy, including Income-Contingent Repayment, Pay As You Earn, and Income-Based Repayment.
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