to put that decision on hold, and the administration has said it plans to ask the U.S. Supreme Court to intervene.in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. Students who received Pell Grants to benefit lower-income college students will have up to $20,000 of their debt canceled.
The White House and a spokesperson for Nebraska Attorney General Doug Peterson, a Republican whose office is taking the lead on the challenge, did not immediately respond to requests for comment. The state challengers said the federal government overstepped its authority to order debt cancellation under a 2003 law called the Higher Education Relief Opportunities for Students Act, which can "waive or modify" student financial assistance during war or national emergency.
A federal judge dismissed the challenge brought by the states for lacking legal standing, but the 8th Circuit subsequently blocked the program while it hears an appeal by those challengers.
Good. They can uphold the Constitutions already clear language that only the Senate has the power of the pursestrings.
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