of the student-loan payment pause, and at the very least, return borrowers ineligible for Biden's broad debt relief back into repayment.. It's currently set to end 60 days after June 30, or 60 days after the lawsuits are resolved, whichever happens first, and the intent was to ensure that borrowers did not have to start paying off their debt without a decision on relief.
"I'm more surprised about the timing than anything. I'm not surprised that they're making this argument," Jiménez said."They might not win because it might not matter since the pause would just be over. In a normal moving lawsuit situation, that's probably what would happen." Given the scope of Biden's broad debt relief, the Supreme Court fast-tracked the case to allow a decision to be issued this year. It's unclear if SoFi's case will get the same treatment — the Education Department has 21 days to file a response — but Jiménez thinks that given how close the expected payment resumption is, the court could likely just wait it out.
"Unlike the other extensions, the Department did not claim that continuing the moratorium was necessary to address harm caused to borrowers affected by the pandemic," the complaint said."Instead, the Department asserted that the further extension was intended to alleviate 'uncertainty' for borrowers during the pendency of ongoing litigation regarding the debt-cancellation program.
Eight times Biden has extended the student loan repayment pause, which could last until August 2023. Every time it is extended it worsens the inflation outlook. In late 2021, it was unnecessary, at this point its downright damaging.
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