#Both sides gang with another L as 6 GOPisser states sue Biden over student loans

[DatBoiHawk]

6 GOP-led states sue Biden over student loan forgiveness plan | CNN Politics

Six Republican-led states sued President Joe Biden on Thursday in an effort to block his student loan forgiveness plan from taking effect.

www.cnn.com

WashingtonCNN —
Six Republican-led states sued President Joe Biden on Thursday in an effort to block his student loan forgiveness planfrom taking effect.

The lawsuit was filed in a federal court in Missouri by state attorneys general from Missouri, Arkansas, Iowa, Kansas, Nebraska and South Carolina.

“In addition to being economically unwise and inherently unfair, the Biden Administration’s Mass Debt Cancellation is another example in a long line of unlawful regulatory actions. No statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed,” Nebraska Attorney General Doug Peterson’s office said in a news release.

Earlier this week, a public interest lawyer and student loan borrower also sued the Biden administration over the student loan forgiveness plan, arguing that the policy is an abuse of executive power.

Under Biden’s plan, individual borrowers who earned less than $125,000 in either 2020 or 2021 and married couples or heads of households who made less than $250,000 annually in those years will see up to $10,000 of their federal student loan debt forgiven.

If a qualifying borrower also received a federal Pell grant while enrolled in college, the individual is eligible for up to $20,000 of debt forgiveness. Pell grants are awarded to millions of low-income students each year, based on factors including their family’s size and income and the cost charged by their college. These borrowers are also more likely to struggle to repay their student debt and end up in default.

The administration is expected to roll out the first wave of student loan forgiveness in October.

This story is breaking and will be updated.

 

[ba'al]

Good luck to them college students with debt, wish em the best. Maybe that Degree will come in handy.

 

[AquaCityBoy]

Bump

 

[Spence]

States can’t bring lawsuits against federal agencies for funding mechanisms controlled by the dept of Ed. Fkn idiots

 

[acri1]

They're just going to find a way to blame Biden/Dems for it.

 

[Sir Richard Spirit]

Biden should just eliminate all student loan debt. Bet the primaries on it



People would remove every Republican in office who fights it.

 

[dtownreppin214]

Thread has half the traction of the other thread blaming Biden for changing the proposal in order to avoid said legal challenges.

 

[Buddy]

isn't student loan forgiveness for ALL Americans with em

fukk outta here we need SPECIFIC policies. If the Dems won't do that then we ain’t voting for them...


I'd rather die with nothing than see another day where "something" is pushed thru #BuiltDifferent

 

[bnew]

archive.ph

https://storage.courtlistener.com/recap/gov.uscourts.moed.198213/gov.uscourts.moed.198213.1.0.pdf

 

[Spence]

An opt out clause?! To not have your DEBT wiped out?!!!

 

[Pull Up the Roots]

@ORDER_66

 

[Thavoiceofthevoiceless]

Thread has half the traction of the other thread blaming Biden for changing the proposal in order to avoid said legal challenges.

The provision should have never been in there in the first place considering that telling someone to consolidate those student loans (w) in order to apply means that it was never going to hold up in the first place. We are talking about private loans, which operate under a completely set of circumstances other than ones held by the Department of Education.

 

[bnew]

The provision should have never been in there in the first place considering that telling someone to consolidate those student loans (w) in order to apply means that it was never going to hold up in the first place. We are talking about private loans, which operate under a completely set of circumstances other than ones held by the Department of Education.

by consolidating the loans, they would have gotten paid. these companies just feel entitled to interests payments for decades and don't want anyone rescuing borrowers from their financial trap.

 

[Thavoiceofthevoiceless]

by consolidating the loans, they would have gotten paid. these companies just feel entitled to interests payments for decades and don't want anyone rescuing borrowers from their financial trap.

That’s my entire point

There’s money in the interest and always has been, so why would they want to that money out of their own pockets. Those Republicans aren’t acting on their own volition.

 

[bnew]

That’s my entire point

There’s money in the interest and always has been, so why would they want to that money out of their own pockets.

.this case better be thrown out, they aren't owed anything but full payment.