A lower court judge dismissed the lawsuit on October 20, ruling that the states did not have the legal standing to bring the challenge. Supreme Court Justice Amy Coney Barrett also rejected a separate challenge to Biden's student loan forgiveness program, declining to take up an appeal brought by a Wisconsin taxpayers group.
Many of the lawsuits claim that the Biden administration does not have the legal authority to broadly cancel student loan debt. But lawyers for the government argue that Congress gave the secretary of education the power to discharge debt in a 2003 law known as the HEROES Act. The administration also said Thursday that 16 million applications for loan forgiveness could be approved this week. But borrowers should not expect to see their debts canceled until the appeals court lifts the hold on the program.Borrowers can apply online here: https://studentaid.gov/debt-relief/application.
If the court allows the administration to grant student loan forgiveness, an estimated 8 million eligible borrowers may receive the debt cancellation automatically because the Department of Education already has their income information on file. Those borrowers may begin to see their debt canceled on November 15, at the earliest, if there is not a legal pause in place at that time.
It sounds like the students are going to get the finger instead of forgiveness
🤣🤣🤣🤣 good they should pay their own bills!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Where President Biden's student loan forgiveness program stands amid legal challengePres. Biden's student loan forgiveness program remains on hold while a federal appeals court considers a legal challenge brought by six GOP-led states
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Biden student loan handout faces another emergency legal challengeThe Supreme Court on Tuesday received an emergency application from a legal group for an injunction on President Joe Biden's student loan handout program. Why are you guys against student loan tax relief? Love how the government wasted several trillion over Covid “relief”, runs over a trillion per yr deficit, give hundreds of billions to Ukraine, pays off special interest, yet student loan relief is the spending they fight over. Ah, may mean people have to pay their bills after all.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Ron DeSantis Mocks LGBTQ People In Campaign Mailer To Florida VotersThe Republican governor claimed Biden’s student loan plan will force “hard working Floridians to pay back student loans for degrees like Gender Studies.” So Biden's Student Loan Forgiveness program does not apply to people with Gender Studies degrees Asking for a friend. When you think he can't go any lower... Fact Check: True.
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Confused about student loan forgiveness? Here’s what we know.Nearly two weeks after an appellate court issued a temporary stay against the Biden administration’s student loan forgiveness plan, questions remain about the relief program. The pause has left some borrowers confused. Here’s what we know. More promises that are the equivalent of nothing more than pandering, vote-buying lies. Spend 4 years being shot at for profit, and we'll forgive your student loans peasant.
Source: washingtonpost - 🏆 95. / 72 Read more »
Supreme Court receives second emergency filing to halt Biden's student debt forgivenessA libertarian legal group filed an emergency request to the Supreme Court on Tuesday asking it to block President Joe Biden's student debt relief plan, marking the second of such filings over the $400 billion plan. JoeBiden God help us! I hope they stay it or block it! JoeBiden Taking money from hero's and giving it to losers...makes sense
Source: dcexaminer - 🏆 6. / 94 Read more »