The roller coaster ride for borrowers enrolled in a key affordable repayment plan continues.
On Monday, the 8th Circuit directed a district court to approve Donald Trump’s proposed settlement with the state of Missouri to eliminate the SAVE student-loan repayment plan.
The plan has been embroiled in a legal back-and-forth for years. Most recently, a district court declined to rule on the proposed settlement, which some advocates and lawmakers saw as a win for borrowers and urged the Department of Education to carry out relief under SAVE.
However, the 8th Circuit’s ruling means that, once approved, the department will move forward with the settlement and require enrolled borrowers to transition to a new plan.
Fair enough from that perspective.
I still look forward to pie in the sky type improvement where money has lost meaning. Unrealistic, but ideal.
But from a more realistic POV, your idea is the most ideal version of that kind of system.
But it was directly tied to the idea of getting richer by being rich, so it was more pointing at the idea of getting filthy, oppressively rich by doing so more than just the “having a job at a bank to have a regular life” kind of thing.