Biden plows ahead with student loan forgiveness despite GOP lawsuit

quietly changed the guidance language for who qualifies under the forgiveness plan, carving out those whose debts were held by private commercial lenders rather than the federal government.

While that decision was likely made out of concern that private banks could sue the federal government for the financial harm that could be incurred by the decision, states like Arkansas say that any forgiveness of student loan debt—including debt held by the federal government—could harm their states' revenue streams, and that Biden violated federal law when he used his executive power to skirtU.S.

Biden, they allege in the suit, improperly exploited an obscure 2003 law called the Higher Education Relief Opportunities for Students Act that had previously been used by theto relieve active-duty personnel from various administrative requirements that could hinder their operations in the field, including various financial aid programs.

"It is the epitome of unlawful and arbitrary agency action, and it should be set aside," the lawsuit argues. The alleged abuse of the law also played a central role in a Tuesday lawsuit filed by the conservative Pacific Legal Foundation, which argued it was flagrantly illegal for the executive branch to create a massive spending program"by press release," and with no statutory authority or even the basic notice and comment procedure for new regulations.

Couldn’t care less.

Biden lies to the American people because he lacks the authority to forgive non-government student loans. It was all a scheme to trick unsuspecting voters. OMG!

BS

Revenue for states? Wow. No concern about the well being of students and the ability to afford a great American education. Not surprising from them. They want to control education. Control it and they can control voting. Uneducated and easy voting for their side. Disgraceful. 😡

Mood:

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Biden Walks Back Student Loan Forgiveness—Some Borrowers With Privately Held Federal Loans No Longer EligibleThe Education Department updated its website on Thursday with the changes that could impact more than four million people out of roughly 45 million borrowers. Failure of America history name Catholic jeo Biden failed All policies & now popularity of Biden & America down falling Biden lies to the American people because he lacks the authority to forgive non-government student loans. It was all a scheme to trick unsuspecting voters. OMG!
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