Tuesday, October 25, 2022

Federal Appeals Court Blocks Biden’s Student Loan Forgiveness Plan; US Appeals Court Temporarily Blocks Biden’s Student Loan Debt Giveaway

AP Photo/Evan Vucci
Federal appeals court blocks Biden’s student loan forgiveness plan:
A federal appeals court on Friday temporarily blocked the Biden administration from moving forward with its student loan forgiveness plan.
On Friday, the 8th U.S. Circuit Court of Appeals granted an emergency petition, blocking the feds from beginning to forgive millions of student loan borrowers’ debt until further briefing before the court, scheduled for next week.
The president had planned to begin forgiving the debt this weekend.
Six Republican-led states sued in September seeking to halt the move, arguing it would further damage the economy.
The Biden administration announced in August plans to cancel $10,000 to $20,000 of student debt per borrower for those who make less than $125,000 a year, or $250,000 for married couples. --->READ MORE HERE
US appeals court temporarily blocks Biden’s student loan debt giveaway:
A federal appeals court has temporarily blocked President Biden’s plan to forgive hundreds of millions of dollars in student loan debt.
The 8th US Circuit Court of Appeals order issued Friday prohibits the Biden administration “from discharging any student loan debt under the Cancellation program” until court proceedings for an injunction are completed.
The appeals court sided with six GOP-led states that requested Biden’s plan be put on hold.
The Biden administration had previously anticipated canceling debts as early as Sunday, according to court filings.
In September, attorneys general from six Republican states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — sued the Biden administration over the debt cancellation program, accusing the White House of overstepping its executive power.
They asked that the program be shut down, arguing that it is unconstitutional and is “not remotely tailored to address the effects of the pandemic on federal student loan borrowers.” --->READ MORE HERE
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