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PBS News Hour - Segments

Federal judges block Biden's latest attempt to reduce student debt

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 25 June 2024

⏱️ 6 minutes

🧾️ Download transcript

Summary

Decisions by two federal judges put key parts of President Biden's plans for easing student loan payments on hold and in doubt. The program offers a way to lower monthly payments and get some debt forgiveness. More than 8 million are enrolled but these rulings put those key features on pause. William Brangham discussed more with Danielle Douglas-Gabriel. It's for our series, Rethinking College. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

A pair of decisions by two federal judges has put key parts of President Biden's plan for

0:05.2

easing student loan payments on hold and their future in doubt.

0:09.6

William Bringham has the details on the impact.

0:12.3

It's the first part of a two-part focus tonight of our series,

0:15.7

Rethinking College.

0:18.0

Jeff, judges in two states, Missouri and Kansas blocked parts of the Biden administration student loan repayment

0:25.2

program known as Save.

0:27.6

It offers a way for students and graduates to lower monthly payments and get some debt forgiveness.

0:33.5

More than 8 million people are currently enrolled,

0:36.3

but these rulings put those key features on pause.

0:40.4

So what does this mean for borrowers?

0:42.4

Danielle Douglas Gabriel covers higher education for the Washington Post and she joins us again now.

0:48.0

Danielle, thank you so much for being here again.

0:51.0

Before we get into the arguments embedded in these two cases, can you just remind us what the president and the administration student loan program was really all about?

1:02.0

Who and how was the administration trying to help here?

1:07.4

So first thanks for having me and the objective here was really to try to make student loan

1:11.8

payments more manageable for the vast

1:13.6

majority of Americans who have education debt and the way that this would work

1:18.0

is it protecting more of the income that they earn from the calculation that determines their monthly

1:26.0

bills.

1:27.0

This is really built on a plan that has been in existence for 30 years in one iteration

1:32.4

or the next and it really just makes it far more generous

...

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