agreed Thursday to decide whether the Biden administration can broadly cancel student loans, keeping the program blocked for now but signaling a final answer by early summer.The administration had wanted a court order that would have allowed the program to take effect even as court challenges proceed. The justices didn’t do that, but agreed to the administration’s fallback, setting arguments for late February or early March over whether the program is legal.
More than 26 million people already applied for the relief, with 16 million approved, but the Education Department stopped processing applications last month after a federal judge in Texas struck down the plan. The moratorium had been slated to expire Jan. 1, a date that Biden set before his debt cancellation plan stalled in the face of legal challenges from conservative opponents.
Missouri Attorney General Eric Schmitt, a Republican, said in a statement following the high court order that the Biden plan “would saddle Americans who didn’t take out loans or already paid theirs off with even more economic woes.” Missouri is one of the six states that sued to block the plan, along with Arkansas, Iowa, Kansas, Nebraska and South Carolina.
In putting the program on hold, the 8th Circuit panel said there was little harm to borrowers because repayments have been suspended. Allowing the cancellations to proceed before a definitive court ruling would have had än “irreversible impact,” the appeals court said.
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Supreme Court agrees to hear case over Biden student loan forgiveness programBREAKING: The Supreme Court said Thursday it will take up a court fight between the Biden administration and a coalition of six Republican-led states challenging the legality of the president's student loan forgiveness program. I don't get it. Why can't people just be Happy for this. Instead of 'What about me' it's only a bite of what most owe The (R)eptiles: For the People...our friends.... Strange that it takes the Supreme Court to force common sense on constitutional law.
Source: CBSNews - 🏆 87. / 68 Read more »
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Supreme Court sets Biden student loan forgiveness plan arguments for FebruaryThe Supreme Court announced Thursday it will hear arguments by six Republican-led states against President Biden’s $400 billion student loan forgiveness program in February of next year. LOL There is no business as usual scheduled after January. Trust me.
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Source: WSJ - 🏆 98. / 63 Read more »
Supreme Court Takes Biden Student Debt Relief Case, Holds Program for NowThe Biden administration wants to forgive billions of dollars in student loan debt. The Supreme Court could have the final word on the plan’s legality. Like USSupremeCourt has any credibility. This scam isn't going to happen. Blood sucking leeches pay back the loan YOU accepted. Seniors shouldn't be paying this nonsense
Source: nbcchicago - 🏆 545. / 51 Read more »