Biden’s Student Debt Relief Program Is Now in the Hands of the Supreme Court

More than 40 million lower-income people burdened with student loans are still waiting for clarity about how much they will owe and when their next payments will be due, as the Supreme Court decides if it will rule on whether to allow President Joe Biden’s student debt relief program to proceed. The loan forgiveness program, which Biden announced in August, is under attack from six Republican-controlled states, which sued Biden, his secretary of education and the Department of Education on September 29 in an attempt to block the program. A federal district judge ruled against the GOP-led states, but the…

Activists Condemn GOP States’ “Sham” Lawsuit Over Student Debt Forgiveness

Six Republican-led states filed a lawsuit on Thursday aiming to stop tens of millions of student loan borrowers from receiving relief from President Joe Biden’s debt forgiveness plan in one of Republicans’ first legal challenges to the plan. Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina are suing the Education Department, saying that the plan is too broad and “inherently unfair.” The lawsuit, filed in a Missouri federal court, argues that the plan is not “tailored to address the effects of the pandemic” on borrowers. They argue that loan servicers would also be hurt by the plan, especially MOHELA, Missouri’s…

Dark Money Groups Are Scheming to Bring Down Biden’s Student Debt Relief Plan

Republican attorneys general and corporate advocacy groups are exploring ways to sue the Biden administration over its newly announced plan to cancel $10,000 in federal student loan debt for most borrowers, hoping the conservative-packed U.S. judiciary will strike down the executive action and deny badly needed relief to around 40 million people. Shortly after President Joe Biden announced his debt forgiveness plan, the Job Creators Network — a dark money organization representing business groups and executives — declared that it is “weighing its legal options to block President Biden’s illegal student loan bailout,” calling the move “executive overreach.” Americans for…

Critics Call Biden’s $10,000 Student Debt Forgiveness Plan “Woefully Inadequate”

The Biden administration will cancel up to $10,000 in student loan debt per borrower, according to sources with knowledge of the White House’s as-yet unannounced plans. While any amount of student debt forgiveness would be beneficial to a certain degree, experts have noted that the $10,000 amount will do very little to address the magnitude of the crisis. According to sources who spoke with The Washington Post, the forgiveness plan would erase debt amounts up to $10,000 for every borrower in the country that meets a certain set of criteria. Borrowers who earn incomes higher than $150,000 (or $300,000 for…

Young Voters Say They Disapprove of Biden’s Performance by Nearly 2-to-1 Margin

President Joe Biden’s approval ratings have undergone a significant drop since the start of his tenure, especially when it comes to young voters. An Economist/YouGov poll published this week found that Biden has an overall approval rating of 41 percent, with 50 percent of Americans disapproving of his job performance as president. Among voters between the ages of 18 and 29, however, there’s an even wider gap — 50 percent within that age bracket also disapprove of Biden’s job performance, but only 27 percent say they currently approve. While a few other age groups surveyed in the poll have a…

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