Student loan forgiveness update: What borrowers need to know after federal court struck down program

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Student loan borrowers are now waiting indefinitely after a federal judge in Texas struck down Biden's student loan forgiveness program Thursday.

Under the rules of the program, eligible low- and middle-income borrowers can receive up to $10,000 of federal student loan forgiveness and up to $20,000 in cancellation if they also received a Pell grant while enrolled in college.The Texas decision "makes it more likely that the issue will ultimately go to the Supreme Court, though it is still too early to say," said Abby Shafroth, staff attorney at the National Consumer Law Center.

"We strongly disagree with the District Court's ruling on our student debt relief program," she said.The Biden administration has argued that Congress granted the secretary of education the power to broadly discharge student loan debt in a 2003 law known as the HEROES Act, which was passed in the wake of the September 11 terrorist attacks.

"In this country, we are not ruled by an all-powerful executive with a pen and a phone," he continued. "This ruling protects the rule of law which requires all Americans to have their voices heard by their federal government," said Elaine Parker, president of Job Creators Network Foundation, in a statement Thursday.Where do the other lawsuits stand?

The Biden administration has had several wins in court thus far, as plaintiffs have struggled to show they have standing to sue.

 

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Just a Campaign to get young voter they got screwed lol

This was never going to happen.

Biden: thanks for your vote. Now get outta here.

They should call their GOP Congress critters, who could fix this delay right now.

Indefinitely? Here is some real reporting!

Might have to get a job. Tragic. BooHoo

Yes because biden never had the authority to do this 😂😂😂😂

It was all a ploy to get the Gen Z vote and the dummies fell for it.

Republicans don't care about helping young people they only support giving taxpayers' money to help millionaires and billionaires with a middle class paid for tax cut.

LMFAO.. Y’all “student loan borrowers” are so college educated that you have ZERO knowledge that a “ POTUS “ cannot do that.. Enjoy your loans..

Thee who signed on dotted line shall pay their own bills!

Get you ass up from the couch get a job paid you loan I’m tire of this BS I have to paid for a war for inlegals and now for students loans I’m killing my self working 60 hours a week take care my farm my animals help my mother cmen ++ thanks god I don’t eat meat

Taking funds from those who didn't take funds from others.

Publicity stunt to steal votes. Smoke and mirrors.

Good! You took out a loan, PAY IT BACK.

Political stunt… They knew it would never pass

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Applications for student loan forgiveness no longer acceptedThe Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. The Education Department states on its federal student aid website that it is seeking to overturn the court orders blocking the student debt relief program. Best news yet Should have never been an option in the first place! I guess forgiveness is a sin. I paid my student loans in full and I have no problem with others being forgiven of their student loans.
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