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Update:
- President Joe Biden asked the U.S. Supreme Court to allow his plan for student loan debt relief to move forward after an Eighth Circuit decision paused it last month.
- Biden asked Justice Brett Kavanaugh to overturn the Eighth Circuit’s ruling, which blocked a program set up by the U.S. Department of Education to provide student loan debt cancellation.
- The decision to block the program came after six Republican-led states challenged the plan.
- The government argues that the six states lack standing and that the program falls within the education secretary’s legal authority to grant student loan relief to those who need it in the event of a national emergency.
Student loan debt cancellation lawsuit overview:
- Who: Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina filed a complaint against President Joseph R. Biden, the United States Department of Education and its secretary Miguel Cardona.
- Why: The states claim Biden’s student loan debt cancellation plan is “unlawful and arbitrary” and only helps the “well-off.”
- Where: The complaint was filed in Missouri federal court.
(Oct. 03, 2022)
President Joe Biden’s decision to forgive some student loan debt is “unlawful and arbitrary,” a new lawsuit filed by six Republican-led states alleges.
Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina claim that Biden’s proposed student loan debt cancellation only helps the “well-off” as the “economy struggles along with barely a pulse.”
The state’s claims come amidst plans by the United States Department of Education to actually scale back the type of student loans that will be eligible for its student loan debt cancellation plan, Law360 reports.
In August, Biden said he planned to forgive up to $20,000 in student loan debt for individual borrowers who make an annual salary of less than $150,000.
The education department has since updated the guidance for its debt cancellation plan by excluding federal student loans owed by private lenders, Law360 reports.
States claim Biden’s student loan debt cancellation plan is ‘downright unfair’
The six states argue Biden’s plan is “economically unwise and downright unfair” since none of the funds will benefit “those who worked and paid their debt.”
Further, the states argue that Biden’s student loan debt cancellation plan is “another in a long line of unlawful regulatory actions.”
“No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed,” the student loan debt lawsuit states.
Republicans have called Biden’s student loan debt cancellation plan a “bailout for the rich,” saying it increases inflation, and argue it was a ploy to get votes for upcoming midterm elections, Law360 reports.
Do you agree with Biden’s student loan debt cancellation plan? Let us know in the comments!
The states are represented by their respective attorney generals.
The student loan debt cancellation lawsuit is State of Nebraska, et al. v. Biden, et al., Case No. 4:22-cv-01040, in the U.S. District Court for the Eastern District of Missouri.
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11 thoughts onBiden asks Supreme Court to let him move forward with student loan cancellation
Move forward with the cancellation, because this has already been promised and was set to begin. 20-25 year loan payers have been approved look at the years on that..thats ridiculous to pay off federal student loans. It’s a wonderful thing when you can afford to educate yourself for a better life. So if your not able to afford an education but want a better future, you don’t deserve one because you paid your loans off and can’t benefit from the $10,000-$20,000 cancellation, that may not even pay off the entire debt so there is still an obligation for the borrowe to pay off the remaining balance..who cares come on the way the American dollar has lost value is the loan really as much as the current balance shows or will that balance be adjusted based on the currency collapse..I hope that all the eligible borrowers get what was promised to be cancelled…can those borrowers start a class action for millions of applicants who are eligible based on automatic determination or signing up and being approved based of the eligibility criteria.
I’m not well off I’m disabled permanently and couldn’t get mine forgiven. Yes I agree we need this. When people got that business money I didn’t hear anyone say a word. Millions of dollars. I need this.
Student Loan refunds are not a constitutional right, and no law has been broken. A campaign promise is not a law. The supreme court should not even consider this case.
I don’t agree it should be paid by our tax dollars. I could not afford to send my 2 sons so I didn’t. Why did I have an option and it’s my money.
It is fair …. I live in a household with my aunt who makes more than my mom. all her children went to college for free. mom had to co-sign a loan for us to go college. We tried my aunt’s way to be turn down. Only the wealthy ones can have their children go to college for free and collect benefits.
It’s not fair to those of us who never attended college. Why should tax payers have to pay for someone else going to college. We did not force them to go. They made that choice to better their education to get a high paying job. So get that job and stop being lazy. It’s time to pay your own dang bills! Most just went so their parents would support them. They don’t even work in the field they went to college for, they would rather work at a minimum pay job because they don’t want to pay for that education! Well tough, because I doubt any tax payer is going to pay it for you. NOTHING IS FREE!!!!
Biden is just one of many career criminal politicians, he should be behind bars not living on tax dollars dimes in the White House. He has about as much business running this great nation as blind chimpanzee (although) the chimp would do a better job. As a working mother I saved money and paid $82000. to send my daughter to school. I only allowed her to borrow the last years tuition. Why should my efforts go unrewarded while others get free ticket. They could have saved money to go, they had 18 years to do so. Biden just hoping his approval ratings will come out of toilet.
It’s fair. However the white republicans are not saying how their children attend college for free. In Arkansas they are working hard to keep blacks poor. Leslie Rutledge has always been about her self and Whites. Even Sara Huckabee dislikes blacks. She wouldn’t play with blacks when she was in school.
Your statement is very broad. My question is where are you getting your facts.
stop with this White thing, there are plenty of “white people” who loans are being excluded. Try some facts and less made up racism.
In that vein, it is not the “white ” child who is getting the scholarships for minority programs, so, stop it.
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