If you're enjoying this article, you'll love our daily morning newsletter, How To LA. Every weekday, you'll get fresh, community-driven stories that catch you up with our independent local news.2. Court cases are hoping to dismantle the program. Keep an eye on MissouriStudent loan borrowers should keep an eye on their balances this summer, as big changes are coming.
In July, borrowers with loans from their undergraduate education will see their payments cut in half. Monthly payments are currently calculated to be, but in July that number will drop to 5%. Payments will be paused in July while the department does all the recalculations, but borrowers should see the new payment amount reflected in August.
The Missouri one makes a similar legal argument to that used in the case that saw the Supreme Court strike down the administration’s debt forgiveness plan in 2022. In talks with experts, it sounds like it’s possible this Missouri case will gain traction. But given the timing, it most likely won’t get in the way of this payment drop in July.Though broad debt forgiveness failed in 2022, the administration has been chipping away at the nation’s $1.5 trillion student loan debt.
Over 100 students from Cal Poly Pomona and Cal Poly San Luis Obispo learned life-changing lessons .Education