The White House decided to base itsfor sweeping student debt relief on the 2003 Higher Education Relief Opportunities for Students Act, which gives the education secretary the authority to waive laws related to student aid programs in the case of"a war or other military operation or national emergency," such as a global pandemic.
However, Stern cautioned that"certain key circuit courts and the Supreme Court seem to follow one standing rule: When a majority wants to decide a case on the merits, they find some justification to grant standing; when it doesn't, they don't.
One such path, Stern suggests, is for the Biden administration to announce"that any borrower affected by the pandemic can apply for relief" if the Supreme Court rules that the education secretary"must identify a more specific class of borrowers whose ability to pay off loans was demonstrably harmed by the pandemic."
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APESlate Money talks student loan debt, Dan Price, and AMC. Good episode. I went from mostly ambivalent to mostly in favor on forgiveness. Back in 1978-1982 Pell grants paid almost all my tuition. Tuition was $620 a year. I received $600 a year in Pell grants. Working part time for Sears, and a wife who worked, we needed no student loans after Pell grants. Yea, I'm an old Boomer, but it was enough in the day.
Source: Slate - 🏆 716. / 51 Read more »
Mitch McConnell's Condemnation of Debt Relief Is Dripping With HypocrisyMany Republicans who are exclaiming about the unfairness of student debt cancellation took advantage of the debt forgiveness available in the Paycheck Protection Program at the height of the pandemic.
Source: truthout - 🏆 69. / 68 Read more »
Scammers Are Using Student Loan Forgiveness as Bait, FTC Warns. Here Are Tips to Protect YourselfScammers will likely prey on borrowers eager for debt relief following President Biden’s student loan forgiveness plan.
Source: NBCNewYork - 🏆 270. / 63 Read more »
Absent major student loan reforms, ‘my preference would be no relief at all’: Obama economic advisor, Jason Furman saysIn an interview with MarketWatch, the economist discussed his concerns with the Biden Administration's student debt relief plan Well so much for his opinion... the relief would never come. It's OK to work on reform while providing relief... there goes my opinion.
Source: MarketWatch - 🏆 3. / 97 Read more »
Fact Check: Ted Cruz says student debt relief costs $2,100 per taxpayerThe Republican senator from Texas picked up NTU analysis about the cost of forgiving student loan debt. Can't really fact check since even the White House claims they don't know how much this scheme will cost. The real question is how much does student debt relief cost per student. I'll bet it's less than they have paid in taxes, anyway.. Liar
Source: Newsweek - 🏆 468. / 52 Read more »
What Nancy Pelosi said then and now about a president's power to forgive student loansSome Republicans are pouncing on a comment House Speaker Nancy Pelosi made about the president's authority to cancel student loan debt last year. To be fair, she said it before America became a dictatorship. There is that 'pouncing' word once again. Used any time republicans have the temerity to point out one of the thousands of examples of dem. lies and hypocrisy. It might be time for you white house stenographers to take the time to at least look of a synonym for it. Republicans are pouncing? Really KSL? She said it. How about making her defend it like journalists are supposed to do.
Source: KSLcom - 🏆 549. / 51 Read more »