The Biden administration is proposing a plan that would lower federal student loan payments for millions of Americans, including a pause on student loan payments for those making under $30,600 per year.
The proposed changes would be based on income, with the pause on student loan payments increasing from the current $24,000 to the new level.
Other borrowers could receive a lower payment amount each month, with undergraduate borrowers above that threshold paying no more than 5% of income instead of the current 10%. Both undergraduate and graduate debt borrowers would pay between 5% and 10% of their income based on a weighted average of their balances.
“Today, we’re making a new promise to today’s borrowers and for generations to come: Your student loan payments will be affordable,” Secretary of Education Miguel Cardona <a href="https://www.cnn.com/2023/01/10/politics/student-loans-affordable-payments/index.html" target="_blank" rel="noopener">told</a> reporters Monday evening, according to CNN. “You won’t be buried under an avalanche of student interest, and you won’t be saddled with a lifetime of debt.”
Roughly eight million people are currently enrolled in income-based student loan repayment plans, CNN reported. The plans extend repayment periods from 10 years to up to 25 years with a promise to forgive the remaining balance at the end of the period.
Borrowers must enroll and submit annual information about income and family size to determine monthly payments and remain eligible. Many borrowers have complained that the monthly loan payment amounts are unbearable, especially during the COVID-19 pandemic.
The new plan would also expand the income amount that applies to families. A borrower in a family of four making less than $62,400 per year would not be required to make monthly payments on their loans under the new proposal.
The proposal could also decrease the number of years necessary to receive loan forgiveness. Instead of 20 or 25 years, a borrower could receive student loan forgiveness after just 10 years if they borrowed $12,000 or less, The Washington Post <a href="https://www.washingtonpost.com/education/2023/01/10/biden-student-loan-repayment-plan-details/" target="_blank" rel="noopener">noted</a>.
Several exclusions and limitations would apply under the new policy. For example, Parent Plus loans are excluded from the program. Many of the policies also only apply to undergraduate loans.
President Joe Biden moved to provide student loan forgiveness last year for millions of borrowers ahead of the 2022 midterms. The executive action has since been tied up in a court battle that the Supreme Court agreed in December to hear in 2023.
As The Daily Wire <a href="https://www.dailywire.com/news/biden-administration-dealt-another-blow-on-student-loan-forgiveness" target="_blank" rel="noopener">reported</a> in November, U.S. District Judge Mark Pittman <a href="https://www.dailywire.com/news/breaking-federal-court-declares-bidens-student-loan-bailout-is-illegal" target="_blank" rel="noopener">ruled</a> against the student loan forgiveness plan, saying that it was illegal.
“In this country, we are not ruled by an all-powerful executive with a pen and a phone,” Pittman wrote. “Instead, we are ruled by a Constitution that provides for three distinct and independent branches of government.”
Under Biden’s program, over 26 million borrowers have applied to the Department of Education for forgiveness and could receive up to $10,000 in student debt relief if they make less than $125,000 or $250,000 per household.
The nonpartisan <a href="https://www.cbo.gov/system/files/2022-09/58494-Student-Loans.pdf" target="_blank" rel="noopener">Congressional Budget Office</a> estimated that Biden’s student loan forgiveness effort would cost around $400 billion. The Biden administration <a href="https://www.ed.gov/news/press-releases/us-department-education-estimate-biden-harris-student-debt-relief-cost-average-30-billion-annually-over-next-decade" target="_blank" rel="noopener">claimed</a> it would cost approximately $300 billion.

college graduation

Biden Admin Unveils Student Loan Payment Reduction Proposal As Debt Cancelation Stalls In Court

Biden Admin Pitches Student Loan Payment Reduction As Debt Cancellation Stalls In Court

Biden Administration

Department of Education

Education

Executive

Politics

Student Loan Cancellation

Student Loans

The <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration</a> asked the Supreme Court to weigh in on its <a href="https://www.dailywire.com/topic/student-loan-cancellation" target="_blank" rel="noopener">student loan forgiveness plan</a> on Friday and let the program resume.
The plan has faced several legal disputes and is officially on hold after a ruling from an appellate court this week.
On Monday, the U.S. Court of Appeals for the 8th Circuit <a href="https://www.washingtonpost.com/politics/2022/11/18/supreme-court-student-loan-forgiveness/">ruled</a> in favor of a group of six Republican-led states who asked the court to pause any debt forgiveness during its court proceedings. The court issued an injunction that halted the plan. Last month, the court <a href="https://www.washingtonpost.com/education/2022/11/14/appeals-halts-student-loan-forgiveness/" target="_blank" rel="noopener">issued</a> an administrative stay to the states, but this week <a href="https://www.cnbc.com/2022/11/14/biden-student-loan-debt-relief-plan-appeals-court-rules.html" target="_blank" rel="noopener">found</a> that at least one state has standing to sue.
U.S. Solicitor General Elizabeth B. Prelogar told the high court in a <a href="https://docs-cdn-prod.news-engineering.aws.wapo.pub/publish_document/7d1b7c7e-5b8b-4ba9-a353-91426075f82a/published/7d1b7c7e-5b8b-4ba9-a353-91426075f82a.pdf" target="_blank" rel="noopener">filing</a> that the “Eighth Circuit’s erroneous injunction leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations.”
If the Supreme Court does not get rid of the injunction, Prelogar said it should “set the case for expedited briefing and argument this Term to avoid prolonging this uncertainty for the millions of affected borrowers.”
Last week, Texas U.S. District Judge Mark Pittman <a href="https://www.dailywire.com/news/breaking-federal-court-declares-bidens-student-loan-bailout-is-illegal" target="_blank" rel="noopener">ruled</a> that Biden’s plan is illegal, which essentially made it so that the Education Department could not take in additional applications or dismiss any student debt. The Biden administration <a href="https://www.dailywire.com/news/biden-doubles-down-on-student-loan-cancellation-despite-federal-ruling" target="_blank" rel="noopener">issued</a> an appeal to the ruling shortly after Pittman’s ruling.
The states at the heart of the case that resulted in the injunction claim that Biden’s plan acts in violation of the separations of power and the Administrative Procedure Act, CNN <a href="https://www.cnn.com/2022/11/18/politics/student-debt-relief-supreme-court/index.html" target="_blank" rel="noopener">reported</a>. A district court found that the states would not be successful, but the Eight Circuit reversed the ruling.
The legality and constitutionality of the student loan forgiveness plan is being questioned. It will <a href="https://www.cnn.com/2022/11/18/politics/student-debt-relief-supreme-court/index.html" target="_blank" rel="noopener">provide</a> up to $10,000 in debt cancellation for qualifying student loan borrowers who earn less than $125,000 as individuals, or earn $250,000 as a household. Those who obtained Pell Grants could have up to $20,000 canceled.
The <a href="https://www.nbcnews.com/politics/congress/bidens-student-loan-cancellation-plan-cost-400b-congressional-budget-o-rcna49478" target="_blank" rel="noopener">nonpartisan</a> Congressional Budget Office <a href="https://www.cbo.gov/system/files/2022-09/58494-Student-Loans.pdf" target="_blank" rel="noopener">estimated</a> that Biden&#8217;s plan will <a href="https://www.washingtonpost.com/us-policy/2022/09/26/cbo-student-loan-forgiveness-biden/" target="_blank" rel="noopener">cost</a> around $400 billion. The Biden administration has said it will <a href="https://www.ed.gov/news/press-releases/us-department-education-estimate-biden-harris-student-debt-relief-cost-average-30-billion-annually-over-next-decade" target="_blank" rel="noopener">cost</a> around $300 billion.
The Biden administration contends that it does have the legal authority for its plan due to the 2003 Higher Education Relief Opportunities for Students Act (<a href="https://www.congress.gov/bill/108th-congress/house-bill/1412/text" target="_blank" rel="noopener">HEROES</a>). The law allows the Education Secretary to get rid of or alter student loan debt in times of war and national emergencies for specific individuals.
According to a <a href="https://www.congress.gov/bill/108th-congress/house-bill/1412" target="_blank" rel="noopener">summary</a> of the law, such individuals include military service members, people who live or work somewhere that is “declared a disaster area … in connection with a national emergency,&#8221; or who have “suffered direct economic hardship as a direct result of a war or other military operation or national emergency.”
<a href="https://www.dailywire.com/author/ryan-saavedra" target="_blank" rel="noopener">Ryan Saavedra</a> and <a href="https://www.dailywire.com/author/benjamin-zeisloft" target="_blank" rel="noopener">Ben Zeisloft</a> contributed to this report.

65C9613B-FA40-4F7F-B669-0D86265C9CED_1_201_a

Biden Administration Asks Supreme Court To Allow Student Loan Forgiveness Plan

Sen. <a href="https://www.dailywire.com/topic/elizabeth-warren" target="_blank" rel="noopener">Elizabeth Warren</a> (D-MA) doesn&#8217;t have &#8220;any doubt&#8221; that President Joe Biden has the authority to cancel student debt.
Appearing on NBC&#8217;s &#8220;Meet the Press&#8221; on Sunday, Warren told host Chuck Todd that Biden had the authority since former Presidents <a href="https://obamawhitehouse.archives.gov/issues/education/higher-education/ensuring-that-student-loans-are-affordable" target="_blank" rel="noopener">Barack Obama</a> and <a href="https://www.forbes.com/sites/adamminsky/2020/10/11/trump-includes-student-loan-forgiveness-in-latest-stimulus-proposal-signaling-its-broad-appeal/" target="_blank" rel="noopener">Donald Trump</a> forgave some debt during their tenure. Warren then lashed out at the Texas judge who ruled that canceling debts was illegal, claiming that loan forgiveness was evidence that Democrats fight for working Americans.
&#8220;Look, I&#8217;d be delighted to codify what the president is doing, but here&#8217;s the key: I don&#8217;t have any doubt that the president has the legal authority to cancel this student loan debt,&#8221; said Warren. &#8220;President Trump did it, President Obama did it, and President Biden has actually done it up to now on student loan debt payments. But, we have a court down in Texas, and if they&#8217;re gonna play politics instead of actually following the law, they do put the program at risk.&#8221;
&#8220;This is one of the clearest differences between Democrats and Republicans,&#8221; she added. &#8220;Democrats, led by Joe Biden, are out there saying, &#8216;we hear you on what it&#8217;s like to get crushed by student loan debt. We know what that means and so we&#8217;re here to try to help.&#8217; The Republicans? They got nothin&#8217;. They say, &#8216;nope,&#8217; the only people that they&#8217;re willing to fight for are billionaires and billionaire corporations and conspiracy theorists. Democrats fight for working people and when we fight for working people, we win.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
WATCH: <a href="https://twitter.com/SenWarren?ref_src=twsrc%5Etfw">@SenWarren</a> (D-Mass.) says she has no doubt President Biden has the authority to carry out his student debt forgiveness plan.
&quot;If [the Texas court is] going to play politics instead of following the law, they&#39;re going to put the program at risk.&quot; <a href="https://t.co/1tpaNhHuHs">pic.twitter.com/1tpaNhHuHs</a>
&mdash; Meet the Press (@MeetThePress) <a href="https://twitter.com/MeetThePress/status/1591823293941796867?ref_src=twsrc%5Etfw">November 13, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
On Thursday, U.S. District Judge Mark Pittman of the Northern District of Texas <a href="https://www.dailywire.com/news/breaking-federal-court-declares-bidens-student-loan-bailout-is-illegal" target="_blank" rel="noopener">declared Biden&#8217;s student loan bailout unlawful</a> and vacated Biden&#8217;s plan to cancel up to $10,000 in debt for people making less than $125,000 a year or families that earn less than $250,000.
“Whether the Program constitutes good public policy is not the role of this Court to determine,&#8221; Pittman wrote in his ruling. &#8220;Still, no one can plausibly deny that it is either one of the largest delegations of legislative power to the executive branch, or one of the largest exercises of legislative power without congressional authority in the history of the United States.”
“In this country, we are not ruled by an all-powerful executive with a pen and a phone,” Pittman continued. “Instead, we are ruled by a Constitution that provides for three distinct and independent branches of government. As President James Madison warned, ‘[t]he accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny.’&#8221;
The Biden administration has since <a href="https://www.dailywire.com/news/biden-doubles-down-on-student-loan-cancellation-despite-federal-ruling" target="_blank" rel="noopener">appealed</a> that ruling.
RELATED: <a href="https://www.dailywire.com/news/breaking-federal-court-declares-bidens-student-loan-bailout-is-illegal">Federal Court Declares Biden&#8217;s Student Loan Bailout Is Illegal</a>

Congress Negotiating Omnibus Spending Bill With Friday Deadline

Elizabeth Warren: ‘I Don’t Have Any Doubt’ Biden Has Authority To Cancel Student Loan Debt

Elizabeth Warren Has 'No Doubt' Biden Has Authority To Cancel Student Loan Debt

Courts

Elizabeth Warren

Meet the Press

Amidst the fallout from the meager <a href="https://www.dailywire.com/topic/republican-party" target="_blank" rel="noopener">Republican</a> showing on Tuesday came a breath of fresh air, courtesy of one <a href="https://www.dailywire.com/topic/judiciary" target="_blank" rel="noopener">U.S. district court</a> judge in Texas who took a sledgehammer to <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">President Joe Biden&#8217;s</a> attempt to bailout certain student loans — while also taking shots at President Barack Obama and every other leftist who believes in a living constitution.
The real question now is whether or not the Biden administration will really even care that loan amnesty was dismantled. As a cynic, it served its purpose. The announcement of the <a href="https://www.businessinsider.com/student-loan-forgiveness-brought-gen-z-to-polls-midterms-2022-11" target="_blank" rel="noopener">bailout revved up the youth vote</a>, which helped put Democrats over the finishing line in many races.
On Thursday, Judge Mark T. Pittman <a href="https://fingfx.thomsonreuters.com/gfx/legaldocs/zgvobwqaapd/11102022studentloan.pdf" target="_blank" rel="noopener">ruled</a> that &#8220;no one can plausibly deny that it was either one of the largest delegations of legislative power to the executive branch, or one of the largest exercises of legislative power without congressional authority in the history of the United States.&#8221;
The judge <a href="https://www.dailywire.com/news/breaking-federal-court-declares-bidens-student-loan-bailout-is-illegal" target="_blank" rel="noopener">argued</a> three key reasons why it was such an egregious decision.
The first, Pittman noted, is that the law cited by the Department of Education for justification of the bailout — the HEROES Act — does not stipulate that it can be applied to student loans.
Pittman wrote, &#8220;the HEROES Act does not mention loan forgiveness. If Congress provided clear congressional authorization for $400 billion in student loan forgiveness via the HEROES Act, it would have mentioned loan forgiveness.&#8221;
Per the court&#8217;s ruling in <a href="https://www.dailywire.com/news/supreme-court-rules-against-bidens-epa-says-agency-does-not-have-authority-to-regulate-carbon-dioxide-emissions" target="_blank" rel="noopener">West Virginia v. The Environmental Protection Agency</a>, Congress must give explicit orders to agencies. They don&#8217;t have the power to go beyond what&#8217;s written by Congress simply because they deem that it would benefit the nation.
The second reason is that the Biden administration attempted to justify the bailout by citing COVID, but didn&#8217;t accurately explain why forgiving student debt was essential for addressing hardship because of the pandemic.
Pittman even used Biden&#8217;s own words against him on this point.
&#8220;The COVID-19 pandemic was declared a national emergency almost three years ago and declared weeks before the Program by the President as &#8216;over,'&#8221; the judge observed. &#8220;Thus, it is unclear if COVID-19 is still a &#8216;national emergency&#8217; under the Act.&#8221;
And third, Pittman cited that even the Biden administration suggested that it might not have proper authority on this matter.
&#8220;&#8216;The agency’s past interpretations of the relevant statute&#8217; is another clue that the Secretary lacks clear congressional authorization for the Program,&#8221; Pittman argued.
Consider this, the Biden administration created this program even after the Supreme Court made it explicitly clear in West Virginia that federal agencies cannot go outside of what Congress has ordered them to do.
It was a plain-as-day ruling at the Supreme Court in June. So, what do the self-proclaimed Defenders of Democracy do after that? Did the party of norms and decency act in accordance with the law?
It would appear not. It barreled right ahead and gave its base what it wanted — a handout. In turn, polls show that young leftist voters rewarded them in droves.
Yet now, millions of gender degree grads and underwater basket weavers might not even get those tax dollars because the Biden administration announced it would stop the program.
As reported, this decision is <a href="https://www.dailywire.com/news/biden-doubles-down-on-student-loan-cancellation-despite-federal-ruling" target="_blank" rel="noopener">already</a> in the process of being appealed by the Biden administration. It could very well wind up at the High Court where it will more like than not decisively lose — as outlined by Pittman.
For some reason, every single legacy media outlet points out that Pittman is a judge appointed by President Donald J. Trump — as if that should taint his decision.
Nonetheless, critics ignore his sound reasoning.
&#8220;In this country, we are not ruled by an all-powerful executive with a pen and a phone,&#8221; Pittman stated in his conclusion — a throwback to Obama&#8217;s infamous line. &#8220;Instead, we are ruled by a Constitution that provides for three distinct and independent branches of government.&#8221;
He added that keeping those checks and balances is necessary for the U.S. to survive — regardless of the moment at hand.
&#8220;The Court is not blind to the current political division in our country,&#8221; Pittman said. &#8220;But it is fundamental to the survival of our Republic that the separation of powers as outlined in our Constitution be preserved.&#8221;
So, not all is lost. Some folks in key positions still believe in the constitution.
The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Joe Biden

Federal Judge Takes Sledgehammer To Biden’s Student Debt Amnesty — But Do Democrats Even Care?

Federal Judge Takes Sledgehammer To Biden's Student Debt Amnesty — But Do Democrats Even Care?

Constitution

A federal judge in <a href="https://www.dailywire.com/topic/texas" target="_blank" rel="noopener">Texas</a> ruled Thursday evening that President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden&#8217;s</a> student loan bailout is illegal, dealing a massive blow to the administration.
U.S. District Judge Mark Pittman made the ruling in response to a lawsuit filed by the Job Creators Network Foundation, which alleged that Biden&#8217;s student loan bailout violated federal procedures.
The Job Creators Network filed the lawsuit last month on behalf of two borrowers, one who did not qualify for the full amount the program offered and another who was deemed ineligible altogether.
&#8220;This case involves the question of whether Congress—through the HEROES Act—gave the Secretary authority to implement a Program that provides debt forgiveness to millions of student-loan borrowers, totaling over $400 billion,&#8221; Pittman wrote. &#8220;Whether the Program constitutes good public policy is not the role of this Court to determine. Still, no one can plausibly deny that it is either one of the largest delegations of legislative power to the executive branch, or one of the largest exercises of legislative power without congressional authority in the history of the United States.&#8221;
&#8220;In this country, we are not ruled by an all-powerful executive with a pen and a phone,&#8221; Pittman continued. &#8220;Instead, we are ruled by a Constitution that provides for three distinct and independent branches of government. As President James Madison warned, &#8216;[t]he accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, self-appointed, or elective, may justly be pronounced the very definition of tyranny.&#8217; THE FEDERALIST NO. 47.&#8221;
&#8220;The Court is not blind to the current political division in our country,&#8221; he concluded. &#8220;But it is fundamental to the survival of our Republic that the separation of powers as outlined in our Constitution be preserved. And having interpreted the HEROES Act, the Court holds that it does not provide &#8216;clear congressional authorization&#8217; for the Program proposed by the Secretary.&#8221;
Biden’s controversial student loan bailout would cancel up to $10,000 of student debt for individuals who earn less than $125,000 per year, or less than $250,000 for married couples.
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
NEWS: Federal judge in Texas strikes down Biden&#39;s student debt relief program, declaring it illegal. <a href="https://t.co/02Doi3CXwC">pic.twitter.com/02Doi3CXwC</a>
&mdash; Michael Stratford (@mstratford) <a href="https://twitter.com/mstratford/status/1590856666039607296?ref_src=twsrc%5Etfw">November 10, 2022</a></blockquote>
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This is a breaking news story; refresh the page for updates.

US-POLITICS-BIDEN

Federal Court Declares Biden’s Student Loan Bailout Is Illegal

Federal Court Declares Biden's Student Loan Bailout Is Illegal

U.S.

The <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration</a> warned Americans Thursday that 16 million student loan debts already forgiven by his administration would resume if Republicans sweep the midterms next week.
&#8220;If Republican officials get their way, tens of millions of Americans&#8217; monthly costs will rise dramatically when student loan payments resume next year,&#8221; said a statement by the administration reported by <a class="editor-rtfLink" href="https://www.cnbc.com/2022/11/03/close-to-26-million-americans-have-applied-for-student-loan-forgiveness.html" target="_blank" rel="noopener">CNBC</a>.
&#8220;Working and middle-class Americans who could have up to $10,000 or $20,000 of their student debt relieved under the Biden Administration&#8217;s plan will remain under the burden of loan debt — preventing them from pursuing the dream of homeownership, saving up for retirement, or starting small businesses.&#8221;
Last summer, the White House unveiled its controversial loan relief plan to cancel up to $10,000 of student debt for individuals who earn less than $125,000 per year or less than $250,000 for married couples.
However, the U.S. Court of Appeals for the 8th Circuit ordered the Biden administration last month to halt canceling student loan debt after approximately 26 million Americans applied for the program.
The court granted an administrative stay while it considers a request for an injunction from six states — Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina — seeking to block Biden&#8217;s program. The states say Biden did not have the right to act without congressional approval.
While speaking at the Central New Mexico Community College in Albuquerque on Thursday, Biden said the Department of Education will have approved 16 million student loan forgiveness applications.
The president added that department officials would send the necessary paperwork to student loan service providers by the end of the week.
&#8220;The last step before the 16 million Americans can have their loan discharged,&#8221; Biden said, according to <a href="https://thehill.com/homenews/administration/3718495-biden-says-16m-student-debt-relief-applicants-to-be-approved-this-week/">The Hill</a>.
Biden also took a moment to again blame Republicans for the lower court’s order to pause the program, adding that &#8220;their outrage is just simply wrong, and I might add … I&#8217;m not being too political here, but hypocritical.&#8221;
&#8220;My plan&#8217;s going to make a real difference lowering the monthly costs for families,&#8221; Biden said.
Mainstream Democratic circles, including The Washington Post&#8217;s editorial board and former Treasury Secretary Lawrence Summers, have criticized the Biden administration&#8217;s plan.
Last year, House Speaker Nancy Pelosi (D-CA) was also skeptical of unilateral plans to cancel student loans, explaining to reporters that Biden didn&#8217;t have that kind of power.
Nixing $10,000 of student loan debt per borrower will cost $298 billion in 2022 and a total of $329 billion by 2031 if the policy is renewed each year, according to a nonpartisan analysis from the University of Pennsylvania&#8217;s Wharton School.
A report from the Brookings Institution observed that the wealthiest 20% of households owe one-third of student debt. In comparison, only 8% is owned by the bottom 20% — likely because graduate degrees are often necessary for the most lucrative professions.
Ryan Saavedra contributed to this report.

President Biden Delivers Remarks On The Student Debt Relief Portal Beta Test

Biden Administration Warns Americans Student Debt Payments Resume Next Year ‘If Republican Officials Get Their Way’; 16 Million Applications Already Approved

A federal appeals court temporarily froze President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden&#8217;s</a> (D) controversial student loan bailout Friday evening.
The U.S. Court of Appeals for the 8th Circuit ordered the Biden administration to not begin cancelling student loan debt after millions of people began signing up for the program.
The court granted an administrative stay while it considers a request for an injunction from six states — Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina — that are seeking to block Biden&#8217;s program. The states say that Biden did not have the right to act without congressional approval.
Biden’s controversial loan relief plan would cancel up to $10,000 of student debt for individuals who earn less than $125,000 per year, or less than $250,000 for married couples.
“Our student loan plan lowers costs for Americans as they recover from the pandemic to give everybody a little more breathing room,” Biden claimed in a speech on Friday. “Republican members of Congress, Republican governors are doing everything they can to deny this relief. Their outrage is wrong and it’s hypocritical.”
Legal experts have <a href="https://www.dailywire.com/news/flagrantly-illegal-lawsuit-hits-biden-over-student-debt-cancellation" target="_blank" rel="noopener">argued</a> that Biden’s use of the HEROES Act, a 2003 law meant to aid Iraq War veterans and their families, as justification for the student loan bailout is &#8220;flagrantly illegal.&#8221;
Daily Wire Editor Emeritus Ben Shapiro bashed the Biden administration back in late August when the plan was announced for publicly chastising people skeptical of his plan to unilaterally forgive student debt.
“Many businesses took that money. They took that money not out of greed, but because the government had shut down their businesses,” Shapiro said. “They took that money because the government was begging these businesses to keep their employees afloat.”
“This is morally reprehensible; it’s disgusting,” said Shapiro in a monologue. “If you are a business owner who just wants to operate and keep your employees employed, the government will shut you down, they’ll destroy you financially, they’ll promise you help, and then two years later, they’ll destroy you reputationally. They’ll tell you that you’re a good person for ensuring your employees can support their families, and then two years later, they’ll use that as leverage to force you to support their politically driven plan to bail out their favored political constituencies.”
Biden’s plan has also been criticized in mainstream Democratic circles, including the <a href="https://www.dailywire.com/news/wapo-editorial-board-slams-biden-for-inflationary-regressive-ill-conceived-student-loan-cancelation" target="_blank" rel="noopener">Washington Post’s editorial board</a> and former Treasury Secretary <a href="https://www.dailywire.com/news/top-democrat-economists-blast-bidens-student-loan-bailout-pours-gasoline-on-the-inflationary-fire" target="_blank" rel="noopener">Lawrence Summers</a>. Last year, <a href="https://www.dailywire.com/news/pelosi-shoots-down-schumers-student-debt-plea-to-biden-he-does-not-have-that-power" target="_blank" rel="noopener">House Speaker Nancy Pelosi</a>(D-CA) was also skeptical of unilateral plans to cancel student loans, explaining to reporters that Biden didn’t have that kind of power.
Nixing $10,000 of student loan debt per borrower would cost $298 billion in 2022 and a total of $329 billion by 2031 if the policy is renewed each year, according to a nonpartisan <a href="https://www.dailywire.com/news/bidens-student-loan-cancellation-would-cost-330-billion-and-largely-help-the-wealthy" target="_blank" rel="noopener">analysis</a> from the University of Pennsylvania’s Wharton School. A report from the <a href="https://www.brookings.edu/research/student-loan-forgiveness-is-regressive-whether-measured-by-income-education-or-wealth/" target="_blank" rel="noopener">Brookings Institution</a> observed that one-third of student debt is owed by the wealthiest 20% of households, while only 8% is owned by the bottom 20% — likely because graduate degrees are <a href="https://www.dailywire.com/news/schumer-slams-fat-cats-who-dont-want-to-cancel-student-loans" target="_blank" rel="noopener">often necessary</a> for the most lucrative professions.
“Democrats believe that everyone should be able to follow their passion on your dime. And so they are happy to slander you as a deadbeat for being responsible, while praising deadbeats for following their dream to become a professional finger painter. You’re the bad guy. After all, you’re the one who pays the bills. And only suckers pay their bills.”
Shapiro also noted that Biden doesn’t seem to want a legal reason for debt forgiveness, just as he didn’t need a legal excuse for past unconstitutional actions.
“Just like he didn’t need an actual legal excuse to use the Occupational Safety and Health Administration to cram down vaccine mandates on 80 million Americans before he was stopped by the Supreme Court. Just like he didn’t need an actual legal excuse to use the CDC to cram down eviction moratoria before he was stopped by the Supreme Court.”
“If you own a business, they hate you. If you paid your student loans, they hate you. If you are a responsible member of the free market economy, they hate you,” Shapiro said.
<iframe loading="lazy" title="They Hate You, and They’re Taking Your Money" width="500" height="281" src="https://www.youtube.com/embed/PhQCi6xRiSc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>
&nbsp;

Federal Court Freezes Biden’s Student Loan Bailout

Federal Court Freezes Biden's Student Loan Bailout

Court

The <a href="https://www.dailywire.com/topic/supreme-court" target="_blank" rel="noopener">Supreme Court</a> has rejected an emergency lawsuit to block the <a href="https://www.dailywire.com/topic/biden-administration" target="_blank" rel="noopener">Biden administration&#8217;s</a> student loan forgiveness plan.
Justice Amy Coney Barrett rejected an emergency appeal from the Brown County, Wisconsin, Taxpayers Association, which sued to stop the plan from being enacted, arguing that the administration overstepped its authority in enacting the plan. Barrett, who oversees emergency appeals from Wisconsin, dismissed the appeal without comment, which is the standard procedure for emergency appeals.
While Barrett did not issue a statement, <a href="https://www.nytimes.com/2022/10/20/us/politics/supreme-court-student-loan-forgiveness.html" target="_blank" rel="noopener">The New York Times</a> reported that &#8220;Justice Barrett most likely rejected the application because the plaintiff, the Brown County Taxpayers Association, did not appear to have shown that it had suffered a direct injury that gave it standing to sue.&#8221; The fact that Barrett acted on her own, without referring the case to the full court or asking the administration to respond to the petition, indicated that it was not on solid ground legally, the NYT reported.
The BCTA argued in its filing that Biden overstepped his authority under the <a href="https://www.dailywire.com/news/biden-is-using-a-law-intended-for-9-11-heroes-to-legally-cancel-student-debt-its-pretty-convoluted" target="_blank" rel="noopener">Higher Education Relief Opportunities for Students (‘HEROES’) Act of 2003</a>, which allows the Secretary of Education to modify federal aid programs for students during a war or a period of national emergency. The association also claimed that the sheer amount of money being handed out warranted an injunction. “We are witnessing a gargantuan increase in the national debt accomplished by a complete disregard for limitations on the constitutional spending authority,” they wrote.
The lawsuit was dismissed by a federal judge earlier this month. Judge William C. Griesbach of the Eastern District of Wisconsin ruled that the BCTA lacked standing to sue. &#8220;The Supreme Court has repeatedly held, however, that the payment of taxes is generally not enough to establish standing to challenge an action taken by the Federal Government,&#8221; Griesbach wrote in his opinion, via the <a href="https://www.jsonline.com/story/news/education/2022/10/06/wisconsin-institute-for-law-liberty-lawsuit-targeting-bidens-student-debt-relief-plan-tossed/8200256001/">Milwaukee Journal-Sentinel</a>. He wrote further that an injunction against the plan may not even be necessary. “A future administration may not be bound” by the plan, he wrote via NYT, “and may seek to collect the purportedly forgiven debts.”
Before the group appealed to SCOTUS, the Seventh Circuit Court of Appeals refused to hear an appeal in an unsigned order with no opinion, the NYT reported.
The Wisconsin lawsuit failed, but it is far from the only <a href="https://www.dailywire.com/news/unfair-unconstitutional-and-unwise-two-more-lawsuits-hit-biden-over-student-debt-cancellation" target="_blank" rel="noopener">suit that was filed</a> to stop the Biden administration&#8217;s student loan forgiveness plan. The Pacific Legal Foundation filed a lawsuit against the plan on September 27; then on September 29, six state attorneys general filed a complaint. <a href="https://www.azag.gov/press-release/attorney-general-mark-brnovich-sues-over-biden-administrations-student-loan" target="_blank" rel="noopener">Arizona Attorney General</a> Mark Brnovich filed his own lawsuit the same day. Then on <a href="https://www.dailywire.com/news/shifting-the-burden-to-taxpayers-biden-slammed-with-lawsuit-against-student-loan-power-grab" target="_blank" rel="noopener">October 10</a>, the Job Creators Network Foundation’s Legal Action Fund filed another lawsuit seeking to stop the plan.
In the meantime, student loan borrowers are already rushing to take advantage of the debt forgiveness plan, which forgives up to $10,000 for borrowers who make less than $125,000 a year, and up to $20,000 for students who applied for Pell grants. A beta site for the application launched last week, and more than <a href="https://www.dailywire.com/news/more-than-8-million-people-apply-for-student-debt-cancellation-as-biden-drops-application-link" target="_blank" rel="noopener">eight million borrowers</a> successfully applied to have their loans forgiven between Friday and Monday.

Supreme Court

SCOTUS Refuses Lawsuit To Block Biden’s Student Loan Forgiveness Plan

SCOTUS Refuses Lawsuit To Block Biden's Student Loan Forgiveness Plan

Wisconsin

Speaking at South Carolina State University, Vice-President Kamala Harris compared herself favorably to the brilliant John Adams, the second president of the United States and the man regarded as the “Atlas of American Independence.”
Harris landed in the position of tie-breaker in the United States Senate after Democrats swept the two U.S. Senate runoff elections in Georgia in 2021, thus rendering the Senate a 50-50 tie between the GOP on one side and Democrats and their independent supporters on the other.
“So as vice president, I’m also the president of the United States Senate. And in that role — this is for the historians here — I broke John Adams’ record of casting the most tie-breaking votes in a single term,” she bragged. “So for context, this kid who was born in Oakland, California and graduated from an HBCU just broke the record of John Adams. I think we should all fully appreciate how history can take a turn.”
Adams, who not only spearheaded the move for independence in the Second Continental Congress in 1776, urged for an end to slavery, and pushed for George Washington to lead the Continental army, is regarded as one of the major forces in American history. His erudite legacy has been delineated in numerous books and films; it also includes his incredibly literate son John Quincy, sixth president of the United States and a man so humble and dedicated to his country that he served as a representative in Congress after he had left the presidency.
While Harris spoke, she also made sure to remind the college students of the Biden administration’s largesse with other people’s money, saying of the administration’s student loan cancellation, “And it’s important for you to know that this loan forgiveness does not just apply to graduates. It also may apply to many of you sitting here right now. So if you receive — please take note of this — if you received a federal loan before July 1 of this year, you are eligible.”
If that weren’t sufficient, she urged the students to spread the good news of how they could take advantage of taxpayers: “If you have a friend or a sibling or a cousin who acquired that student loan debt to the point that they may have had to leave before graduation, you needn’t have graduated to apply for the debt relief. So please help me get the word out so folks can take advantage of that.”
She pointed to more freebies to come:
<blockquote>
So let me be clear then: We have seen great accomplishments but we still have a lot more work to do. We still need to make, for example, community college free for all people. We know that access to quality education should not be determined by whether or not you can afford it.
</blockquote>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/VP?ref_src=twsrc%5Etfw">@VP</a> Harris tells college students: &quot;You needn&#39;t have graduated&quot; to receive student loan forgiveness, &quot;so please help me get the word out&quot; <a href="https://t.co/967vgSUAAE">pic.twitter.com/967vgSUAAE</a>
&mdash; Tom Elliott (@tomselliott) <a href="https://twitter.com/tomselliott/status/1572289131841032195?ref_src=twsrc%5Etfw">September 20, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Harris comparing herself to Adams below:
<iframe loading="lazy" title="YouTube video player" src="https://www.youtube.com/embed/FXIjp5bTkJc?start=969" width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"></iframe>

US President Joe Biden hosts celebration of passage of the Inflation Reduction Act of 2022

Kamala Harris Brags, Compares Herself To The Immortal John Adams. He Loses.

John Adams

Kamala Harris

President Joe Biden (D) admitted his student loan bailout is illegal during a CBS News interview that aired on Sunday night, critics say.
Biden made the remarks during an interview on CBS News’ “60 Minutes” with host Scott Pelley.
&#8220;Mr. President, first Detroit Auto Show in three years. Is the pandemic over?&#8221; Pelley asked.
&#8220;The pandemic is over,&#8221; Biden responded. &#8220;We still have a problem with COVID. We&#8217;re still doing a lotta work on it. It&#8217;s&#8211; but the pandemic is over. if you notice, no one&#8217;s wearing masks. Everybody seems to be in pretty good shape. And so I think it&#8217;s changing. And I think this is a perfect example of it.&#8221;
Biden&#8217;s remarks generated widespread backlash on both sides of the political aisle, but for vastly different reasons.
&#8220;THE MANDATES MUST END. IMMEDIATELY. ALL OF THEM,&#8221; journalist Megyn Kelly tweeted. &#8220;And if they don’t, new legal challenges must be filed ASAP.&#8221;
&#8220;President Biden’s declaration on 60 Minutes that the pandemic is over—which his administration also argued when ending Title 42 back in May—confirms the illegality of his attempt to transfer hundreds of billions of dollars of student debt to the taxpayer,&#8221; National Review writer Charles C.W. Cooke tweeted. &#8220;Textually, the OLC’s interpretation of the 2003 HEROES Act was preposterous from top to bottom. But even if one were to cynically ignore all that, the lack of an emergency would render the whole thing moot. Biden just admitted on TV he’s breaking the law.&#8221;
Rep. Thomas Massie (R-KY) tweeted: &#8220;If &#8216;the pandemic is over&#8217; as Biden says, then all of the President’s emergency powers predicated on a pandemic, all COVID vax mandates, the emergency powers of every governor, Emergency Use Authorizations, and the PREP act should all be voided tomorrow.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
JUST IN &#8211; Biden: &quot;The pandemic is over.&quot;<a href="https://t.co/iS1gq31MD1">pic.twitter.com/iS1gq31MD1</a>
&mdash; Disclose.tv (@disclosetv) <a href="https://twitter.com/disclosetv/status/1571657276695388162?ref_src=twsrc%5Etfw">September 19, 2022</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
TRANSCRIPT:
<blockquote>Scott Pelley: Mr. President, first Detroit Auto Show in three years. Is the pandemic over?
President Joe Biden: The pandemic is over. We still have a problem with COVID. We&#8217;re still doing a lotta work on it. It&#8217;s&#8211; but the pandemic is over. if you notice, no one&#8217;s wearing masks. Everybody seems to be in pretty good shape. And so I think it&#8217;s changing. And I think this is a perfect example of it.</blockquote>
RELATED: <a href="https://www.dailywire.com/news/its-official-more-americans-have-died-from-coronavirus-under-biden-than-trump-despite-biden-pledge-to-shut-down-the-virus">It’s Official: More Americans Have Died From Coronavirus Under Biden Than Trump Despite Biden Pledge To ‘Shut Down The Virus’</a>

President Biden Delivers Remarks At The White House

Biden ‘Admitted On TV He’s Breaking The Law’ In Giving Student Loan Bailout, Critics Say

60 Minutes

A group of 22 GOP governors sent a letter to President Joe Biden on Monday criticizing his student loan forgiveness plan.
The letter, led by Governor Kim Reynolds (R-IA), argues that the move shifts the burden of debt in a way that hurts working Americans.
&#8220;As governors, we support making higher education more affordable and accessible for students in our states, but we fundamentally oppose your plan to force American taxpayers to pay off the student loan debt of an elite few – a plan that is estimated to cost the American taxpayer more than $2,000 each or $600 billion total, a price the people of our states cannot afford,&#8221; the letter <a href="https://www.rga.org/wp-content/uploads/2022/09/Joint-Governors-Letter-Opposing-the-Biden-Student-Loan-Forgiveness-Plan-9-12-22.pdf" target="_blank" rel="noopener">stated</a>.
&#8220;Only 16-17 percent of Americans have federal student loan debt, and yet, your plan will require their debts be redistributed and paid by the vast majority of taxpayers,&#8221; the letter continued. &#8220;Shifting the burden of debt from the wealthy to working Americans has a regressive impact that harms lower income families. Borrowers with the most debt, such as $50,000 or more, almost exclusively have graduate degrees, meaning hourly workers will pay off the master’s and doctorate degrees of high salaried lawyers, doctors, and professors.&#8221;
The governors argued that the plan punishes taxpayers who did not take out loans or who have already repaid them. Americans who chose to work or not borrow money for college should not be forced to help pay for those who willingly took on significant debt, according to the letter.
The GOP leaders also pushed back against Biden&#8217;s move to announce the student loan forgiveness plan through executive order, saying he lacks the authority to forgive student loan debt apart from the legislative process.
“Bipartisan opposition to your plan includes more than economic objections but process problems as well.  As president, you lack the authority to wield unilateral action to usher in a sweeping student loan cancellation plan, a position shared by leaders of your party,&#8221; the letter added.
Biden revealed his <a href="https://www.dailywire.com/news/breaking-biden-announces-details-of-student-loan-cancellation-plan" target="_blank" rel="noopener">plan</a> last month to cancel $10,000 in student loans per borrower earning under $125,000.
In addition, the president announced a <a href="https://www.dailywire.com/news/nationwide-pause-on-student-loan-debt-set-to-expire-biden-officials-expected-to-update-borrowers-soon">pause</a> on federal student loan repayment until January 2023, while borrowers with undergraduate loans can cap repayment at 5% of monthly income.
The full list of Republican leaders who signed the letter included Governors Kim Reynolds (IA), Kay Ivey (AL), Mike Dunleavy (AK), Doug Ducey (AZ), Asa Hutchinson (AR), Ron DeSantis (FL), Brian Kemp (GA), Brad Little (ID), Larry Hogan (MD), Mike Parson (MO), Greg Gianforte (MT), Pete Ricketts (NE), Chris Sununu (NH), Doug Burgum (ND), Mike DeWine (OH), Kevin Stitt (OK), Henry McMaster (SC), Kristi Noem (SD), Bill Lee (TN), Greg Abbott (TX), Spencer Cox (UT), and Mark Gordon (WY).

‘Punishes The Poor’: GOP Governors Send Biden Letter Criticizing Student Loan Forgiveness Plan

GOP Governors Send Biden Letter Criticizing Student Loan Forgiveness Plan

Inflation

Republicans

One of the country’s most prestigious <a href="https://www.dailywire.com/topic/colleges" target="_blank" rel="noopener">universities</a> will completely remove tuition and room and board <a href="https://www.dailywire.com/news/why-college-prices-have-spiraled" target="_blank" rel="noopener">fees</a> for undergraduates of families who make under $100,000 a year.
Starting in the fall of 2023, <a href="https://www.dailywire.com/topic/princeton-university" target="_blank" rel="noopener">Princeton University</a> will be free for students who fit into the specific income bracket. The New Jersey school announced the new “groundbreaking” financial aid program on Thursday and said it will cover a quarter of its students.
“One of Princeton’s defining values is our commitment to ensure that talented students from all backgrounds can not only afford a Princeton education but can flourish on our campus and in the world beyond it,” President Christopher L. Eisgruber <a href="https://www.princeton.edu/news/2022/09/08/princeton-will-enhance-its-groundbreaking-financial-aid-program" target="_blank" rel="noopener">said</a>. “These improvements to our aid packages, made possible by the sustained generosity of our alumni and friends, will enhance the experiences of students during their time at Princeton and their choices and impact after they graduate.”
Attending Princeton costs nearly $80,000 a year with more than $57,000 of that going to tuition alone, <a href="https://admission.princeton.edu/cost-aid/fees-payment-options" target="_blank" rel="noopener">according</a> to the university’s website. Princeton also announced in its statement that students from families who make up to $150,000 will have their costs cut down to just $12,500 a year.
In 2001, Princeton became the first university to stop using student loans in its financial aid package; instead, replacing them with grants, so students would not graduate with debt, <a href="https://www.yahoo.com/entertainment/princeton-cover-tuition-costs-most-143219228.html" target="_blank" rel="noopener">according</a> to Insider. Other Ivy League schools Harvard and Yale followed Princeton’s lead and also eliminated student loans.
The university’s alumni include former first lady Michelle Obama, Supreme Court Justice Sonia Sotomayor, and Amazon founder Jeff Bezos. Former Presidents Woodrow Wilson and James Madison also graduated from the school, which is the fourth-oldest in the U.S.
Princeton came under scrutiny earlier this year after it was accused of overlooking its free speech rule to attack a professor who wrote an article criticizing the faculty’s racially-based demands, The Daily Wire <a href="https://www.dailywire.com/news/a-professor-wrote-an-article-the-caused-a-controversy-then-his-university-destroyed-its-free-speech-rule-while-attacking-him" target="_blank" rel="noopener">reported</a>. Last year, the university <a href="https://www.dailywire.com/news/princeton-university-ends-greek-latin-requirement-for-classics-majors-adds-race-and-diversity-track" target="_blank" rel="noopener">announced</a> it would no longer require students to learn Latin or Greek and &#8220;added a track in race and identity.&#8221;
Princeton’s enhanced financial aid program comes just weeks after President Joe Biden <a href="https://www.dailywire.com/news/breaking-biden-announces-details-of-student-loan-cancellation-plan" target="_blank" rel="noopener">forgave</a> billions of dollars in student loans. Biden’s cancellation of $10,000 in student loans for borrowers making under $125,000 and $20,000 for those with Pell Grants is estimated to cost $298 billion in 2022 alone and a total of $329 billion by 2031 if the policy is renewed each year, according to a nonpartisan analysis from the University of Pennsylvania’s Wharton School.
Ben Zeisloft contributed to this report.

Princeton University

Ivy League School Will Be Free For Students Whose Families Make Under $100K

Princeton Will Be Free For Students Whose Families Make Under $100K

College

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