SoFi Bank Sues to Stop Biden’s Student Loan Repayment Pause
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SoFi Bank NA is asking a federal court to strike down the Biden Administration’s eighth extension of a moratorium on student loan repayment.
In the alternative, SoFi said, the court should order repayment by borrowers who aren’t eligible for student-debt cancellation under the terms of the Education Department’s debt-forgiveness plan, according to the complaint filed in the US District Court for the District of Columbia March 3.