The Supreme Court ruled that Joe Biden could not rewrite the terms of student loans.
Joe don’t care. He bragged he would get around it. The way he planned to get around it was complicated at one level, but simple in its essence: reconfigure repayment and other calculations to effectuate what SCOTUS said he could not do.
This Reuters article has a pretty good summary of the multiple lawsuits and decisions, with links to the opinions:
Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden’s administration from moving forward with a key student debt relief initiative that would cost billions of dollars.U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration’s Saving on a Valuable Education (SAVE) Plan.The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court’s ruling did not address the SAVE Plan
In many ways states, and particularly state attorney generals, have become our last line of defense against a lawless federal executive branch. They have the resources to fight the Biden administration. It’s not enough, because the federal bureaucracy is so broad, but it’s the best we have right now.
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