Gov. Lamont reminds residents of student loan assistance in wake of Supreme Court ruling
Following the Supreme Court's ruling blocking President Joe Biden's student loan forgiveness plan Friday, Gov. Ned Lamont is reminding people with those loans about the programs the state has to offer to assist.
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Following the Supreme Court's ruling blocking President Joe Biden's student loan forgiveness plan Friday, Gov. Ned Lamont is reminding people with those loans about the programs the state has to offer to assist.
"I think Connecticut is ahead of the curve there. As you remember, we put in place a program where we give tax credits to companies if they start paying down student loans. We're ramping that up again in anticipation of this Supreme Court decision," Lamont said.
Biden said Friday "the fight is not over" and plans to create a temporary 12-month on-ramp repayment program, which will not penalize borrowers for missing a payment to avoid default or credit harm.
Republicans legally challenged the plan, which the high court sided with Friday but the president said he is not backing down, placing blame on opposing Republicans for "snatching away" relief.
"I didn't give false hope," Biden said. "Republicans snatched it away."
Biden stressed Friday if people can pay their loans, to do so.
"I know that millions of Americans, millions of Americans in this country feel disappointed and discouraged, and even a little bit angry, about the court's decision today on student debt. I must admit I do, too."
