According to the court, the loan ‘forgiveness’ plan is a ‘complete usurpation of congressional authorization’ and ‘not correctible.’
President Joe Biden has falsely said that his administration’s new student debt relief program was approved by Congress as a piece of legislation.
“It’s passed,” Biden said. “It passed by a vote or two.”
The program, which provides up to $20,000 in relief to tens of millions of student debt holders, was an action by the Executive Branch.
A U.S. appeals court on Friday temporarily blocked President Joe Biden’s plan to cancel billions of dollars in college student debt, one day after a judge dismissed a Republican-led lawsuit by six states challenging the loan-forgiveness program.
The conservative group Job Creators Network filed a lawsuit Monday challenging President Biden’s student loan handout, which would eliminate $10,000 to $20,000 in debt for many borrowers at a taxpayer cost of $500 billion or more.
Has the Biden Administration all but admitted that its student loan forgiveness is illegal? That’s the way it looks after its move late last week to change its forgiveness scheme by restricting eligibility for some 800,000 borrowers after six states filed a lawsuit.
On Tuesday, the Pacific Legal Foundation (PLF) filed the first lawsuit against President Joe Biden’s so-called student loan “forgiveness” plan that seeks to “cancel” student loan debts of $10,000, and even up to $20,000 for some.
CBO estimate doesn’t include costs of ‘income-driven repayment,’ which outside watchdog says will cost extra $120 billion
A RealClearPolitics review of prepared remarks, from Aug. 25 until now, found that Biden referenced his debt amnesty program just three times during some two dozen speeches.
It’s a fascinating thing. Liberals corrupt higher education ideologically and run it into the ground financially. To fix the catastrophe, they seek to nationalize it, making it fully their own. Biden’s plan to wipe out hundreds of billions of dollars in loans further extends their long march through the institution of higher education. The corruption continues.
The White House has stepped into tricky legal territory with a plan to erase $10,000 in federal student loan debt for millions of borrowers.
The plan is expected to face legal challenges, which would cause uncertainty for borrowers who stand to benefit from the new policy.
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