It will likely be several weeks before we know the Supreme Court justices’ view on mass student debt cancellation. But last week, the court allowed at least $6 billion in student-debt relief for roughly 290,000 borrowers to move forward.
But in November, three colleges moved in court to block the deal and asked Alsup, who serves in San Francisco’s federal court, to stop the settlement from moving forward while the Ninth Circuit Court of Appeals considered the case. Alsup refused the colleges’ motion, and the Ninth Circuit refused to slow the settlement down while it considers the case. The schools then asked the Supreme Court to stop the settlement.
Back up plan? The Supreme Court’s decision last week has some relevance to the debate over mass student-debt relief. In the brief asking the Supreme Court to stop, or stay, the settlement, attorneys for the schools wrote that the authority the Secretary of Education was claiming in the settlement “amounts to nothing less than the power to cancel, en masse, every student loan in the country.”
“As soon as the Supreme Court says you can’t do this under the HEROES Act, the Department of Education is going to pivot and say ‘no problem we can do this under the [Higher Education Act],’” Panuccio said in the video, which Politico reported on earlier this month. “It’s like a dodged bullet,” said Herrine, who has pushed the Department of Education to cancel student debt using that authority.
A spokesperson for Everglades College Inc., one of the organizations challenging the settlement, wrote in an emailed statement they are “disappointed” in the Supreme Court’s decision. Actually getting relief often took effort from borrowers and their representatives. When the Trump Administration came into office, the Betsy DeVos-led Department of Education made new rules cutting down on the amount of relief borrowers could receive. The agency also allegedly stalled in deciding borrowers’ claims, which prompted some of them to sue in 2019.
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Soooo, student loan help is a Congressional issue but handing over $50+ fucking billion to another country is fine?