Biden's student loan plan likely headed to Supreme Court as millions of borrowers await relief

A three-judge panel on the 8th U.S. Circuit Court of Appeals in St. Louis issued a preliminary injunction and blocked the program in one of several cases challenging the loan relief plan, which is estimated by the Congressional Budget Office to cost nearly $400 billion over the next three decades.

"The Administration will continue to fight these baseless lawsuits by Republican officials and special interests and will never stop fighting to support working and middle-class Americans," Jean-Pierre said.Since Biden announced the loan forgiveness program in August ahead of the midterm elections, the administration has been hit with a growing tally of legal challenges. Supreme Court Justice Amy Coney Barrett already has twice rejected emergency appeals from separate cases.

"So they're not going to issue a ruling that changes the standards for someone who has legal standing or waives the requirement that there be legal standing," Kantrowitz said. Meanwhile, some White House aides have privately discussed the prospects of extending the freeze on loan payments after Jan. 1, citing the legal holdups the program has faced. Biden himself has not signaled whether to extend the payment pause, confidential sources told the Washington Post this week.Kantrowitz contends if the litigation"drags on for more than another few weeks, they're probably going to need to do an extension while the cases are still pending.

The moratorium on loan payments began in 2020 under Trump's administration as a relief to borrowers due to the economic strain of the pandemic and was extended three times by the former president to a total of four times into the Biden administration.

JoeBiden They should get a job!

JoeBiden We already know the answer, he can’t do it without it being approved by congress. The Democrat congress didn’t want to pass it or they would have done it before the election when they ruled both houses. So sorry losers, pay your own loans.

JoeBiden President JoeBiden's student loan plan likely headed to Supreme Court as millions of borrowers await the chance to avoid responsibility for their decisions. Those decisions include choosing to go to college, the college, to sign loan documents, etc. Fixed it.

JoeBiden Oh goody...we'll be hearing 'pack the court' for another year.

JoeBiden

JoeBiden

JoeBiden Millions of tax payers don't what to get stuck with the bill!

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Appeals court ruling keeps Biden student debt plan on holdST. LOUIS (AP) — President Joe Biden's plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. Republicans SUCK Republicans won’t stand for helping people in debt. Not on their watch. Brought to you by the people that happily took gobs of taxpayer's forgiven PPP loan money.
Source: AP - 🏆 728. / 51 Read more »

Appeals court ruling keeps Biden student debt plan on holdPresident Joe Biden's plan to forgive student loan debt for millions of borrowers was handed another legal loss Monday when a federal appeals court panel agreed to a preliminary injunction halting the program while an appeal plays out. The ruling by the three-judge panel from the 8th U.S. Circuit Court of Appeals in St. Louis came days after a federal judge in Texas blocked the program, saying it usurped Congress' power to make laws. The Texas case was appealed and the administration is likely to appeal the 8th Circuit ruling as well. Student loan debt forgiveness a Biden ploy for votes. It already worked, because he definitely bought votes by trying to use our borrowed money.
Source: YahooNews - 🏆 380. / 59 Read more »