Student debt relief in limbo with ongoing court cases

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Student Loan Debt Relief News

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Wanya Reese joined the Denver 7 team as a Weekend Morning Anchor and Reporter in July of 2023.

DENVER — Critical parts of the Biden administration’s student loan relief plan are currently held up in court, leaving borrowers with questions about what to do next."I switched over to an income-based repayment plan, which gave me a lot of relief, but also, the principal balance never went down. It's pretty much the same as it was when I graduated college 12 years ago," Kimbrell said.

Denver7 spoke with student loan and bankruptcy attorney Karen Cody-Hopkins to better understand what's going on. Cody-Hopkins says parts of the plan that include recalculating payments to 5 percent of your discretionary income and more will continue.

 

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