Biden administration to cancel student loan debt for at least 40,000 borrowers. SCOTUS strikes down Biden’s student loan relief plan
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Only reason any Republican is stepping up to stop this is cause lobby money from the student loan companies will be going away, this is all about lobby money and kick backs nothing else.GOP attorneys general, top lawmakers and conservative groups are discussing legal options, alleging the White House’s move to cancel student debt is illegal
Sen. Ted Cruz, R-Texas, is reportedly considering a challenge to President Biden’s student loan forgiveness effort.
KEY POINTS
A number of Republican legislators may bring a legal challenge against President Joe Biden’s historic announcement last week that he’d forgive the student debt of tens of millions of Americans.
- Republicans may bring a legal challenge against President Joe Biden’s move to forgive the student debt for tens of millions of Americans.
- “The uncertainty for borrowers in the meantime is, I’m afraid, considerable,” said Laurence Tribe, a Harvard law professor.
Although no lawsuit has been brought yet, GOP attorneys general from states such as Arizona, Missouri and Texas, as well as Sen. Ted Cruz, R-Texas, and those connected to conservative think tank the Heritage Foundation, are considering their options when it comes to trying to block loan forgiveness, according to reporting by The Washington Post.
“The uncertainty for borrowers in the meantime is, I’m afraid, considerable,” said Laurence Tribe, a Harvard law professor.
Biden said last week that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant, which is a type of aid available to low-income undergraduate students, and up to $20,000 if they did.
A debate over emergency forgiveness looms
The White House, along with its announcement, released a 25-page memo by the U.S. Department of Justice making the case that debt cancellation is “appropriate” under the Heroes Act of 2003, which grants the president broad power to revise student loan programs. That law was passed shortly after the Sept. 11 terrorist attacks and permitted the executive branch to forgive student loans during national emergencies. The Trump administration declared the Covid-19 pandemic a national emergency in March 2020.
Those trying to block the forgiveness will likely argue that the Heroes Act of 2003 doesn’t give the president the power to forgive student debt in the broad way he is trying to, said higher education expert Mark Kantrowitz.
The issue could make its way to the Supreme Court.
The news of a possible challenge from the right is unsurprising. Even before Biden rolled out his plan, some Republicans worked to stop an effort by the president to cancel the debt in national emergencies. Critics of student loan forgiveness say the policy is unfair to Americans who didn’t attend college, as well as to those who paid off their student loans already or never borrowed in the first place.
The first obstacle to those hoping to bring a legal challenge against Biden’s plan will be finding a suitable plaintiff, Tribe said. It’ll likely have to be someone who can make the case that student loan forgiveness causes them “personal injury,” and that might not be easy.
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Republicans may try to block student loan forgiveness (cnbc.com)
This was very interesting. I think the Supreme Court is still sort of hurting from the abortion. Decisions will see what they stink about the case. They are here in right now from Alabama.
People who go to college tend to vote democrat. I'm guessing this is the reason the GOP are against it.
Appeals court temporarily blocks Biden's student debt relief plan
A federal appeals court temporarily blocked President Biden's student debt relief program on Friday, barring federal debt cancellation as six Republican states' bid to halt the program plays out in court.
Driving the news: The decision comes a day after a lower court tossed out the states' lawsuit, which argues that the Biden administration overstepped its authority with its plan to cancel up to $20,000 per person for more than 40 million people.
Worth noting: The Supreme Court declined to block Biden's program in a separate case involving a conservative tax group this week.
What's next: The Biden administration has until 6 p.m. EST on Monday to respond in opposition.
A federal appeals court temporarily blocked President Biden's student debt relief program on Friday, barring federal debt cancellation as six Republican states' bid to halt the program plays out in court.
Driving the news: The decision comes a day after a lower court tossed out the states' lawsuit, which argues that the Biden administration overstepped its authority with its plan to cancel up to $20,000 per person for more than 40 million people.
- The coalition of Republican states said in its complaint that the Biden administration should not have established the forgiveness program without going through Congress and claimed that the plan will undercut revenue for state entities that rely on federal student loans for profit.
- But U.S. District Judge Henry E. Autrey wrote in a 19-page order that the states lack the standing to bright the lawsuit and fail to establish any "ongoing injury" caused by the program.
- "While plaintiffs present important and significant challenges to the debt relief plan, the current Plaintiffs are unable to proceed to the resolution of these challenges," wrote Autrey, a George W. Bush nominee. "These future lost tax revenues are merely speculative."
Worth noting: The Supreme Court declined to block Biden's program in a separate case involving a conservative tax group this week.
What's next: The Biden administration has until 6 p.m. EST on Monday to respond in opposition.
Everybody needs to get out there and vote for a Democrat up and down your ballot. These Republicans are assholes.
These AG's are claiming they're going to lose revenue off of Federal money. FOH
Yo, that’s fucked up they know damn well most of those people are going to put the money back into the economy. I tell you Republicans/baby boomers are assholes.
Yep, the Republicans just made more democratic voters this minute time
..when it comes time to vote, let's all remember the ones going asshole over elbows to screw the average American. This shit goes above and beyond yo.
Raw
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