A group of six Republican-led states and, separately, two student loan borrowers have sued to block the estimated $440 billion program, which the Biden administration has contended is legal under the 2003 federal HEROES Act, allowing for student debt relief during national emergencies or wartime.
Justice Department Solicitor General Elizabeth Prelogar, who is defending the forgiveness plan, argues the states lack standing to bring their challenge and that loan default rates will rise if the justices rule against the administration. “The Program places an estimated 43 million borrowers in a better position by eliminating all loan balances for 20 million and erasing up to $20,000 for over 20 million more,” Campbell wrote in the states’ brief. “This vastly exceeds the Secretary’s authority under the Act, and the Court should affirm the Eighth Circuit’s decision to enjoin the Program.
1/ 🧵 Consovoy McCarthy continues to"spread the wealth" when it comes to Supreme Court oral arguments.
Source: Education Headlines (educationheadlines.net)
Honestly the law is clear on this that Pres. Biden... or any President for that matter... in ANY national emergency has the right to forgive student loans.
Just Say NO .
Due diligence on the judges a must.
It's a bailout. Call it a bailout.
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