The Biden administration canceled another $72 million in student loans this week, saying thousands of students were &#8220;cheated&#8221; by one California school.
About 2,300 student borrowers who attended Ashford University, an online for-profit school based in San Diego that has since been acquired by the University of Arizona, will have their debt wiped away, the Department of Education <a href="https://www.ed.gov/news/press-releases/biden-harris-administration-approves-72-million-borrower-defense-discharges-over-2300-borrowers-who-attended-ashford-university" target="_blank" rel="noopener">announced</a> in a statement on Wednesday.
This latest batch of debt relief comes after the Supreme Court in June <a href="https://www.dailywire.com/news/supreme-court-delivers-defeat-to-biden-admin-on-student-loan-forgiveness" target="_blank" rel="noopener">struck down</a> President Biden’s massive $430 billion student debt relief plan that would have forgiven 40 million people&#8217;s loans.
This week&#8217;s decision brings the Biden administration&#8217;s total student debt forgiven up to $116 billion for more than 3.4 million people, the administration said.
Wednesday&#8217;s $72 million in loan forgiveness is <a href="https://www.washingtonexaminer.com/policy/education/biden-forgives-72-million-more-student-loan-debt" target="_blank" rel="noopener">the result</a> of the Department of Education&#8217;s review of a 2017 lawsuit the California Department of Justice brought against Ashford University. California claimed the school had misled students by lying about tuition costs and employment potential while also using aggressive recruiting methods.
Ashford students had <a href="https://www.businessinsider.com/student-loan-forgiveness-borrower-defense-debt-relief-california-biden-education-2023-8" target="_blank" rel="noopener">filed</a> borrower defense claims alleging they were defrauded by their school. This type of claim can result in loan forgiveness if approved.
A judge ruled at the time that Ashford University made 1.2 million misrepresentations to students between 2009 and 2020 and imposed a civil penalty of $22.3 million. The school is currently appealing the ruling.
The court&#8217;s decision stated that the school “created a high-pressure admissions department whose north star was enrollment numbers” and that “admissions counselors would cross a ‘gray line’ ethically or ‘do things they wouldn’t normally do’ to boost numbers to keep their jobs.”
“As the California Department of Justice proved in court, Ashford relied extensively on high-pressure and deceptive recruiting tactics to lure students,” Under Secretary of Education James Kvaal said in Wednesday&#8217;s statement. “Today we are protecting the students who were cheated by Ashford, and we will also hold the perpetrators accountable, protect taxpayers, and deter future wrongdoing.”
&#8220;What Ashford University did to its students was unconscionable and illegal,&#8221; California Attorney General Rob Bonta said. &#8220;I want to thank the Biden-Harris Administration for changing the lives of thousands of former Ashford students today. They have lived a nightmare for too long.&#8221;
Since the Supreme Court&#8217;s decision forcing Biden to scrap his $430 billion student loan forgiveness plan, the president has looked for other ways to get borrowers relief.
After the court’s decision, Biden <a href="https://www.foxbusiness.com/economy/biden-administration-forgives-39-billion-student-loan-debt-more-than-800000-borrowers?intcmp=tw_fnc" target="_blank" rel="noopener">said</a> he would “stop at nothing to find other ways to deliver relief to hard-working middle-class families.”
In an email to student loan holders, the administration even <a href="https://www.dailywire.com/news/scotus-got-it-wrong-biden-administration-tells-student-borrowers-in-email" target="_blank" rel="noopener">said</a> the Supreme Court “got it wrong” on student debt.
Last month, the administration <a href="https://www.dailywire.com/news/scotus-got-it-wrong-biden-administration-tells-student-borrowers-in-email" target="_blank" rel="noopener">outlined</a> several debt relief actions it said it would take “immediately” instead of Biden&#8217;s nixed plan.
One of the actions is the Saving on a Valuable Education (SAVE) plan, which will cut monthly payments to $0 for millions of low-income borrowers.
Another move is ensuring borrowers are protected from the “worst consequences” of late or partial payments, such as a hit to their credit score when the student loan payment pause ends this fall.

President Biden Speaks During National Small Business Week

Biden Administration Forgives Another $72 Million In Loans For Students ‘Cheated’ By One School

Biden Administration Forgives Another $72 Million In Loans For Students 'Cheated' By One School

Biden

Biden Administration

Education

Politics

Student Loan Cancellation

Student Loans

The latest version of President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a>’s student debt bailout, scaled back after its defeat in the <a href="https://www.dailywire.com/topic/supreme-court" target="_blank" rel="noopener">Supreme Court</a>, is again facing legal challenges.
Biden’s new plan involves forgiving the federal student loans of 800,000 borrowers worth roughly $39 billion. Two think tanks challenged it in a lawsuit filed on Friday, according to <a href="https://www.foxbusiness.com/personal-finance/think-tanks-file-suit-block-biden-administrations-plan-cancel-39b-student-loans" target="_blank" rel="noopener">Fox Business</a>.
New Civil Liberties Alliance filed the legal challenge last week in Michigan on behalf of the Mackinac Center for Public Policy and the Cato Institute. The lawsuit argues that the Department of Education is overstepping its authority with the forgiveness plan and asks the judge to rule it illegal.
The lawsuit is “a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt,” the Education Department said in a statement, according to the <a href="https://www.bostonherald.com/2023/08/06/groups-sue-to-block-bidens-second-try-on-student-loans/" target="_blank" rel="noopener">Associated Press</a>. “We are not going to back down or give an inch when it comes to defending working families.”
Biden’s original student debt forgiveness plan called for relieving up to $20,000 worth of federal debt for an estimated 43 million borrowers. The administration faced a couple of legal challenges, and it was ultimately <a href="https://www.scotusblog.com/2023/06/supreme-court-strikes-down-biden-student-loan-forgiveness-program/" target="_blank" rel="noopener">thwarted</a> after several states argued it would illegally relieve loans that they had agreed to service, costing the states up to tens of millions of dollars every year.
The Supreme Court ruled the plan unconstitutional on June 30, knocking down Biden’s attempt at fulfilling a campaign promise that had always appeared to be in doubt.
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Roughly two weeks later, on July 14, the administration rolled out its next, scaled-back version.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” Education Secretary Miguel Cardona said in a <a href="https://www.ed.gov/news/press-releases/biden-harris-administration-provide-804000-borrowers-39-billion-automatic-loan-forgiveness-result-fixes-income-driven-repayment-plans" target="_blank" rel="noopener">statement</a> at the time. “Today, the Biden-Harris Administration is taking another historic step to right these wrongs and announcing $39 billion in debt relief for another 804,000 borrowers. By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans. This Administration will not stop fighting to level the playing field in higher education.”

Miguel Cardona

Biden’s Latest Student Debt Bailout Plan Faces Legal Challenge From Think Tanks

Debt Forgiveness

Department of Education

Executive

Joe Biden

Michigan

Washington D.C.

The Biden administration said the Supreme Court &#8220;got it wrong&#8221; on student debt forgiveness in a recent email to student loan holders.
The Education Department&#8217;s Federal Student Aid office sent a <a href="https://mirror.mail.studentaid.gov/nl/jsp/m.jsp?c=%40t2gxE%2Bfh6iZHBEaBU5w%2FGYoOBPWMjGwsLqqKw%2Bwj7jo%3D" target="_blank" rel="noopener">letter</a> to Americans who still owe student loans, assuring them that the administration would keep fighting to forgive their debt.
&#8220;We believe the Supreme Court got it wrong,&#8221; read the email, which was signed by Education Secretary Miguel Cardona.
&#8220;While we disagree with the Court’s decision, our Administration will not stop fighting to provide debt relief to borrowers. We will use every tool at our disposal to do so,&#8221; Cardona wrote.
The email explained that the Supreme Court&#8217;s decision means the Biden administration cannot move forward with its student debt forgiveness plan.
Last month, the Supreme Court <a href="https://www.dailywire.com/news/supreme-court-delivers-defeat-to-biden-admin-on-student-loan-forgiveness">struck down</a> President Biden&#8217;s $430 billion student debt relief policy that would have forgiven the student debt of about 40 million people. The high court ruled 6-3 that the HEROES Act of 2003 does not give Biden the authority to cancel billions in student loan debt.
After the court’s decision, Biden <a href="https://www.foxbusiness.com/economy/biden-administration-forgives-39-billion-student-loan-debt-more-than-800000-borrowers?intcmp=tw_fnc">said</a> he would “stop at nothing to find other ways to deliver relief to hard-working middle-class families.”
The Education Department had already approved applications for more than 16 million borrowers, the department said.
&#8220;President Biden and I recognize how critical student debt relief would have been for tens of millions of Americans and their families,&#8221; the email said.
The administration outlined three debt relief actions it is taking “immediately” instead of the massive debt forgiveness plan.
First, the administration is working on a long-term plan to forgive student loans using “negotiated rulemaking,” a long process involving the Education Department and a negotiating committee that could take years — and could be interrupted by a new president getting elected.
Second, the administration announced the Saving on a Valuable Education (SAVE) plan, which will cut monthly payments to $0 for millions of low-income borrowers starting later this summer. The cut-off is $32,800 for a single person and $67,500 for a borrower in a family of four. All other borrowers will save at least $1000 a year under the SAVE plan, and the SAVE plan will also stop “runaway interest,” the administration said.
Third, the Education Department will ensure borrowers are protected from the “worst consequences” of late or partial payments, such as a hit to their credit score when the student loan payment pause ends this fall.
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The Biden administration made yet another move on debt forgiveness last week.
The administration <a href="https://www.dailywire.com/news/biden-administration-forgives-39-billion-in-student-debt" target="_blank" rel="noopener">announced</a> it would forgive $39 billion in student debt for about 804,000 borrowers. That debt relief is the result of changes to the student loan system’s income-driven repayment programs. The programs were built to forgive student debt after borrowers have been making payments for at least 20 or 25 years, depending on their loan. However, few borrowers have actually gotten their loans forgiven under that system.
In total, the Biden administration has <a href="https://www.dailywire.com/news/biden-administration-forgives-39-billion-in-student-debt">forgiven</a> more than $116.6 billion in student loans for more than 3.4 million borrowers so far, the Education Department said.
Leftist lawmakers and activists have long called for broad student debt relief and for years have urged the Biden administration to grant it. Critics argue that forgiving student loans is unfair to those who sacrificed to pay off their loans, especially since taxpayers ultimately pay for any government-funded debt relief.

TOPSHOT-US-politics-government-pandemic-Covid-19

SCOTUS ‘Got It Wrong,’ Biden Administration Tells Student Borrowers In Email

SCOTUS 'Got It Wrong,' Biden Administration Tells Student Borrowers In Email

SCOTUS

Supreme Court

The Biden administration on Friday announced it will forgive $39 billion in student debt for about 804,000 borrowers.
The debt relief is the result of changes to the student loan system&#8217;s income-driven repayment programs. The programs were built to forgive student debt after borrowers have been making payments for at least 20 or 25 years, depending on their loan. However, few borrowers have actually gotten their loans forgiven under that system.
&#8220;These fixes are part of the Department’s commitment to address historical failures in the administration of the Federal student loan program,&#8221; the Education Department <a href="https://www.ed.gov/news/press-releases/biden-harris-administration-provide-804000-borrowers-39-billion-automatic-loan-forgiveness-result-fixes-income-driven-repayment-plans#:~:text=In%20total%2C%20the%20Biden%2DHarris,more%20than%203.4%20million%20borrowers." target="_blank" rel="noopener">said</a> Friday in a press release.
Leftist lawmakers and activists have long called for broad student debt relief and have urged the Biden administration for years to grant it.
Critics argue that granting student debt relief is unfair to those who sacrificed to pay off their loans, especially since taxpayers ultimately pay for any government-funded debt relief.
In total, the Biden administration has now forgiven more than $116.6 billion in student loans for more than 3.4 million borrowers, the Education Department said. The Biden administration was generous in their interpretation of who is eligible for the student debt relief under the new changes and counted certain people who paused their payments as well as some who had made partial or late payments.
The Education Department&#8217;s plan to make changes to the system in order to forgive certain people&#8217;s student debt was <a href="https://www.politico.com/news/2023/07/14/biden-administration-student-debt-relief-00106366" target="_blank" rel="noopener">announced</a> in April of last year. The department plans to notify people soon whether they are eligible to have their loans forgiven under the changes.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” Education Secretary Miguel Cardona said in a statement.
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“By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans. This Administration will not stop fighting to level the playing field in higher education,” Cardona said.
The move comes just weeks after the Supreme Court struck down Biden&#8217;s $430 billion student debt relief plan, which would have forgiven the student debt of about 37 million people. The high court voted 6-3 that the COVID-era HEROES Act does not give Biden the authority to cancel billions in student loan debt.
“Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree,” Chief Justice John Roberts <a href="https://www.dailywire.com/news/supreme-court-delivers-defeat-to-biden-admin-on-student-loan-forgiveness" target="_blank" rel="noopener">wrote</a> for the majority.
After the court&#8217;s decision, Biden <a href="https://www.foxbusiness.com/economy/biden-administration-forgives-39-billion-student-loan-debt-more-than-800000-borrowers?intcmp=tw_fnc" target="_blank" rel="noopener">said</a> he will &#8220;stop at nothing to find other ways to deliver relief to hard-working middle-class families.&#8221;
The student debt relief announced Friday is separate from Biden&#8217;s debt relief plan that was struck down by the court.
Vice President Kamala Harris said Friday in a statement that she and Biden &#8220;will not stop there.&#8221;
&#8220;Our administration will continue to fight to make sure Americans can access high-quality postsecondary education without taking on the burden of unmanageable student loan debt,&#8221; Harris <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/07/14/statement-from-vice-president-kamala-harris-on-additional-student-loan-forgiveness/" target="_blank" rel="noopener">said</a>.

Student Loan Borrowers Gather To Tell President Biden To Cancel Student Debt

Biden Administration Forgives $39 Billion In Student Debt

U.S.

Former New Hampshire Republican Governor Judd Gregg slammed President Joe Biden this week for allegedly trying to &#8220;buy votes&#8221; through his student loan bailout program.
The U.S. Supreme Court ruled 6-3 last week that Biden&#8217;s attempt to use the HEROES Act to unilaterally forgive federally subsidized student loans was illegal.
Gregg responded to the ruling during an interview on CNBC&#8217;s &#8220;Squawk Box&#8221; on Monday, calling Biden&#8217;s plan &#8220;the biggest vote-buying scheme ever received or undertaken by a presidency, is all it was.&#8221;
&#8220;Forty million people get 20,000 bucks,&#8221; he said. &#8220;I’ll vote for you to give me 20,000 bucks. And that’s what it is about. That&#8217;s what it&#8217;s still about. That’s why they’re trying to reform it so they can keep this idea that they’re going to give this huge tax break, this income to all these folks going into the next election.&#8221;
&#8220;If the Congress wants to give away $20,000 per person to 40 million people and put the rest of the country at risk and increase the debt, and they have the right to do that,&#8221; he later added. &#8220;But you can’t do it from the executive branch because the executive branch doesn’t have that right under a constitution. And this is just power politics trying to buy votes. It’s that simple. It ought to be called out for what it was.&#8221;
WATCH:
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
&quot;It was the biggest vote buying scheme ever undertaken by a presidency. This was an attempt to spend almost $500B and add it to the debt,&quot; says Fmr. Sen. Judd Gregg on President Biden&#39;s student debt relief plan. &quot;They clearly violated Article 1 of the Constitution.&quot; <a href="https://t.co/UI24ggm55C">pic.twitter.com/UI24ggm55C</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1675822629633261570?ref_src=twsrc%5Etfw">July 3, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Chief Justice John Roberts <a href="https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf">wrote</a> for the 6-3 majority: “The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not. We hold today that the Act allows the Secretary to ‘waive or modify’ existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, not to rewrite that statute from the ground up.”
The decision was made along ideological lines, as Chief Justice Roberts was joined in the majority by Justices Samuel Alito, Neil Gorsuch, Amy Coney Barret, Brett Kavanaugh, and Clarence Thomas.
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The first case was decided unanimously, with all justices ruling in Department of Education v. Brown that the two petitioners who were denied debt relief under the program did not have standing to sue the Department of Education. The second case, Biden v. Nebraska, upheld the right of the several GOP states involved in the lawsuit to sue the Biden administration, clearing the hurdle necessary to present their argument before the court. Roberts bluntly contended in the majority opinion, “Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”
Nathan Gay contributed to this report.

US President Joe Biden

Ex-GOP Governor Blasts Biden’s Student Loan Bailout As ‘Biggest Vote-Buying Scheme Ever Undertaken’

Ex-GOP Governor Blasts Biden's Student Loan Bailout As ‘Vote-Buying Scheme’

Former Democratic New York state Sen. Alessandra Biaggi was mocked online late this week after complaining about having to pay off her student loans in the wake of the U.S. Supreme Court&#8217;s ruling against President Joe Biden&#8217;s student loan cancellation program.
&#8220;In 2012, I graduated from Fordham Law School with $180,000 is [sic] student loan debt,&#8221; Biaggi tweeted. &#8220;I’ve been paying loans for 11 years. Even paid two of them off completely. In 2023, my balance is $206,000.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
In 2012, I graduated from Fordham Law School with $180,000 is student loan debt. 
I’ve been paying loans for 11 years. Even paid two of them off completely. 
In 2023, my balance is $206,000.
&mdash; Alessandra Biaggi (@Biaggi4NY) <a href="https://twitter.com/Biaggi4NY/status/1674797787563847680?ref_src=twsrc%5Etfw">June 30, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Some social media users pointed out a New York Post <a href="https://nypost.com/2022/08/20/alessandra-biaggi-relocates-to-new-district-in-posh-home/" target="_blank" rel="noopener">article</a> from last year that said that the far-left Biaggi &#8220;moved into a stately $1,137,500 estate in leafy Bedford, NY&#8221; in a &#8220;ritzy suburban enclave.&#8221;
&#8220;This far-left ex-NY state senator &amp; spouse bought a $1.13 Million home in a posh NYC ‘burb last year,&#8221; Fox News contributor Dagen McDowell <a href="https://twitter.com/dagenmcdowell/status/1675078580643004416" target="_blank" rel="noopener">tweeted</a>. &#8220;The 20% down payment for a mortgage of that size would have more than paid off this student loan debt. Wails for home loan bailouts imminent.&#8221;
Psychology professor Geoffrey Miller responded, &#8220;And we taxpayers should bail you out&#8230; why, exactly?&#8221;
Conservative writer Christopher F. Rufo <a href="https://twitter.com/realchrisrufo/status/1674834108806217729" target="_blank" rel="noopener">wrote</a>: &#8220;You need Dave Ramsey, not Joe Biden.&#8221;
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&#8220;You could probably rent out the carriage house on your $1M estate or let go of some of your Mexican cleaning ladies to pay it off faster,&#8221; Babylon Bee Managing Editor Joel Berry <a href="https://twitter.com/JoelWBerry/status/1674963594524360705" target="_blank" rel="noopener">tweeted</a>.
Tristan Tate, the brother of Andrew Tate, responded: &#8220;The man in work boots didn&#8217;t go to Law School. He doesn&#8217;t have a high lawyer&#8217;s salary, he makes significantly less money than you do. He pays his taxes and it isn&#8217;t HIS job to pay for the tools you&#8217;ve used to live your upper class lifestyle. Pay for your own education.&#8221;
Former UFC/MMA fighter Jake Shields tweeted: &#8220;It&#8217;s not my responsibility to pay off Harvard graduate&#8217;s student loans. If you couldn&#8217;t afford it you could have gone to a different school.&#8221;

The Fashion Act Rally in NYC

Former NY Democrat State Senator Mocked Over Student Loan Tweet: ‘You Need Dave Ramsey, Not Joe Biden’

Courts

New York

In a stinging defeat for the Biden administration, the U.S. Supreme Court ruled Friday that the COVID-era HEROES Act did not give the White House authority to unilaterally forgive federally subsidized student loans.
Chief Justice John Roberts wrote for the 6-3 majority, <a href="https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf">saying</a>, “The Secretary asserts that the HEROES Act grants him the authority to cancel $430 billion of student loan principal. It does not. We hold today that the Act allows the Secretary to &#8216;waive or modify&#8217; existing statutory or regulatory provisions applicable to financial assistance programs under the Education Act, not to rewrite that statute from the ground up.&#8221;
The decision was made along ideological lines, as Chief Justice Roberts was joined in the majority by Justices Samuel Alito, Neil Gorsuch, Amy Coney Barret, Brett Kavanaugh, and Clarence Thomas.
The first case was decided unanimously, with all justices ruling in Department of Education v. Brown that the two petitioners who were denied debt relief under the program did not have standing to sue the Department of Education. The second case, Biden v. Nebraska, upheld the right of the several GOP states involved in the lawsuit to sue the Biden administration, clearing the hurdle necessary to present their argument before the court. Roberts bluntly contended in the majority opinion, “Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”
Student loan forgiveness has been on many Democrats&#8217; wishlists for years, as 43 million Americans struggle to pay an average of $28,950 in student loans that can take decades to pay off, according to <a href="https://www.forbes.com/advisor/student-loans/average-student-loan-debt-statistics/" target="_blank" rel="noopener">Forbes</a>. Sen. Bernie Sanders (I-VT) rose to popularity in both the 2016 and 2020 Democratic presidential primaries offering to <a href="https://www.forbes.com/sites/zackfriedman/2019/06/24/student-loans-bernie-sanders/?sh=780b2f083fc2" target="_blank" rel="noopener">wipe out</a> all $1.6 trillion in student loan debt without any eligibility requirements, as well as making public colleges and universities free on a national level.
In a dissent joined by joined by Justices Ketanji Brown Jackson and Sonia Sotomayor, Justice Elena Kagan wrote,&#8221;[T]his Court today decides that some 40 million Americans will not receive the benefits the plan provides, because (so says the Court) that assistance is too &#8216;significant.'&#8221; Kagan claims that not only does the Biden administration have the right to cancel student debt en-masse, but that the six GOP states did not even have standing to challenge the plan in the first place, &#8220;They [the six states] oppose the Secretary’s loan cancellation plan on varied policy and legal grounds. But as everyone agrees, those objections are just general grievances; they do not show the particularized injury needed to bring suit.&#8221;
The Biden administration&#8217;s plan sought to <a href="https://abcnews.go.com/Politics/blockbuster-supreme-court-decisions-student-loans-affirmative-action/story?id=100378197" target="_blank" rel="noopener">eliminate</a> $400 billion of student loans for roughly 40 million qualifying Americans making less than $125,000 or couples making less than $250,000. The Department of Education&#8217;s online form granted approved applicants up to $10,000 in loan forgiveness, and up to $20,000 for Pell Grant recipients, <a href="https://thehill.com/homenews/education/4068249-student-loan-debt-borrowers-brace-for-supreme-court-decision/" target="_blank" rel="noopener">according</a> to The Hill. Approximately 26 million Americans filled out the form and 16 million were accepted prior to the plan’s termination by the Supreme Court and before the debt would be forgiven.
The administration argued in court that the plan was authorized by the HEROES COVID-relief Act passed in 2021 as well as a statute in the Higher Education Relief Opportunities for Students Act of 2003, which supposedly allows the Department of Education to waive and/or modify student loans in response to a national emergency, which in this case was the COVID pandemic.
In response to this claim, Roberts remarked that the Biden administration had modified the aforementioned statute “in the same sense that the French Revolution ‘modified’ the status of the French nobility — it has abolished them and supplanted them with a new regime entirely.” Roberts ruled that the statute had been stretched far too much and that a mass-cancellation program of this scale required specific congressional approval to move forward, per The <a href="https://www.washingtonpost.com/politics/2023/06/30/supreme-court-decision-student-loan-forgiveness/" target="_blank" rel="noopener">Washington Post</a>.
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This is a breaking news story and will be updated.

U.S. Supreme Court

Supreme Court Strikes Down Biden Admin’s $430B Student Loan Forgiveness Scheme

Biden Student Loan Program Axed By Supreme Court 

President <a href="https://www.dailywire.com/topic/joe-biden" target="_blank" rel="noopener">Joe Biden</a> vetoed a measure that would overturn his plan to cancel large amounts of federal <a href="https://www.dailywire.com/topic/student-loans" target="_blank" rel="noopener">student loan</a> debt that could affect tens of millions of borrowers.
&#8220;Congressional Republicans led an effort to pass a bill blocking my Administration’s plan to provide up to $20,000 in student debt relief to working and middle class Americans,&#8221; <a href="https://twitter.com/POTUS/status/1666567992929394689" target="_blank" rel="noopener">Biden said in a tweet</a> on Wednesday. &#8220;I won’t back down on helping hardworking folks. That’s why I’m vetoing this bill.&#8221;
The GOP-led House <a href="https://www.pbs.org/newshour/politics/house-republicans-pass-resolution-overturning-student-loan-cancellation-biden-vows-to-veto" target="_blank" rel="noopener">passed in March</a> a joint resolution of disapproval employing the Congressional Review Act, which allows lawmakers to overturn executive branch rules while doing away with the 60-vote threshold to overcome a filibuster in the Senate. <a href="https://www.dailywire.com/news/senate-passes-bill-axing-bidens-student-debt-relief-plan" target="_blank" rel="noopener">By a 52-46 vote</a>, with Sens. John Tester (D-MT), Joe Manchin (D-WV), and Kyrsten Sinema (I-AZ) joining Republicans, the upper chamber <a href="https://www.dailywire.com/news/senate-passes-bill-axing-bidens-student-debt-relief-plan" target="_blank" rel="noopener">passed the measure</a> last week.
Rep. Bob Good (R-VA) first sponsored the resolution after the Government Accountability Office <a href="https://www.gao.gov/products/b-334644" target="_blank" rel="noopener">ruled</a> the Education Department&#8217;s actions in this matter were eligible for congressional action and the Congressional Budget Office <a href="https://www.cbo.gov/publication/58494" target="_blank" rel="noopener">estimated</a> that cancelling outstanding student loans from the federal government would cost $400 billion.
“President Biden’s so-called student loan forgiveness programs do not make the debt go away, but merely transfer the costs from student loan borrowers onto taxpayers to the tune of hundreds of billions of dollars,” Good <a href="https://good.house.gov/media/press-releases/rep-good-and-sen-cassidy-lead-charge-overturn-bidens-student-loan-transfer" target="_blank" rel="noopener">said in a statement at the time</a>. &#8220;Congress should stop these unilateral actions, and I am proud to lead the fight in the House to hold President Biden accountable for his reckless, unfair, and unlawful student loan proposal. I hope all my colleagues will join me and support this effort.&#8221;
While Biden&#8217;s opponents in Congress do not appear to have the numbers to override a veto, the student loan plan still has a major hurdle to clear in court. <a href="https://www.cnbc.com/2023/04/22/bidens-loan-forgiveness-to-be-blocked-supreme-court-experts-predict-.html" target="_blank" rel="noopener">Legal experts</a> believe the conservative-majority Supreme Court will reject the program in a ruling that is expected this summer.
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When Biden announced the debt relief plan in August before the midterm elections, he described it as being part of a wider effort to provide assistance to working <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/" target="_blank" rel="noopener">families struggling with &#8220;strains&#8221;</a> associated with the COVID pandemic, a strategy that also included extending a pause on federal student loan payments. That moratorium is <a href="https://www.cnn.com/2023/05/17/politics/student-loan-payment-pause-end/index.html" target="_blank" rel="noopener">slated to expire this year</a>.

Biden Vetoes Measure To Overturn Student Loan Forgiveness Plan

Congress

White House

The U.S. Senate passed a Republican-led bill on Thursday that would put an end to President Joe Biden&#8217;s plan to <a href="https://www.dailywire.com/news/student-debt-cancellation-may-cause-some-disenrolled-college-students-to-return-poll" target="_blank" rel="noopener">cancel massive amounts of student debt</a> — and immediately lift the freeze on student loan payments and interest.
The Senate passed the measure on Thursday with a 52-46 vote — mostly along party lines, but Senators John Tester (D-MT), Joe Manchin (D-WV), and Kyrsten Sinema (I-AZ) joined Republicans and tipped the scales in their favor. Two other Democratic Senators — Michael Bennet of Colorado and Mark Warner of Virginia — did not cast a vote.
&#8220;@POTUS&#8216; student loan socialism would shift hundreds of billions of dollars in debt from high earners who chose to incur it onto American taxpayers who did not,” Senate Minority Leader Mitch McConnell (R-KY) said. “But thanks to the leadership of @SenBillCassidy, @JohnCornyn, and @SenJoniErnst, the Senate has a chance to stop this.&#8221;
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>&#39; student loan socialism would shift hundreds of billions of dollars in debt from high earners who chose to incur it onto American taxpayers who did not. But thanks to the leadership of <a href="https://twitter.com/SenBillCassidy?ref_src=twsrc%5Etfw">@SenBillCassidy</a>, <a href="https://twitter.com/JohnCornyn?ref_src=twsrc%5Etfw">@JohnCornyn</a>, and <a href="https://twitter.com/SenJoniErnst?ref_src=twsrc%5Etfw">@SenJoniErnst</a>, the Senate has a chance to stop this.
&mdash; Leader McConnell (@LeaderMcConnell) <a href="https://twitter.com/LeaderMcConnell/status/1664292591804854273?ref_src=twsrc%5Etfw">June 1, 2023</a></blockquote>
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The House passed the bill last week, but as POLITICO <a href="https://www.politico.com/news/2023/06/01/senate-repeals-bidens-student-debt-relief-00099682" target="_blank" rel="noopener">reported</a> on Thursday, neither the House nor the Senate passed the legislation by a wide enough margin to override the veto that will certainly come from the White House.
&#8220;Unfortunately, the president is guaranteed to veto the measure, and there are not enough Democrats in the House and Senate to be willing to override his veto,&#8221; Senate Minority Whip John Thune (R-SD) said.
Biden&#8217;s student loan cancellation program offers debt relief of up to $10,000 for borrowers who made less than $125,000 in 2020 and 2021 — or for married couples who made a combined total of less than $250,000 in that time. Borrowers who received Pell Grants are eligible for up to $20,000 in loan forgiveness.
The plan is <a href="https://www.cnn.com/2023/06/01/politics/student-loan-forgiveness-biden-senate-vote/index.html" target="_blank" rel="noopener">currently awaiting a ruling</a> from the <a href="https://www.dailywire.com/news/supreme-court-prepares-to-hear-arguments-about-bidens-student-debt-cancellation" target="_blank" rel="noopener">Supreme Court</a> — which will likely come in late June or early July — to determine whether or not it can be allowed to take effect at all.
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Regardless of the high court&#8217;s decision, the debt ceiling deal that was just recently reached also includes a provision that would end the freeze on payments and interest — a move that the White House agreed to in part because they said it was always the plan to have borrowers resume their regular payments.

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Senate Passes Bill Axing Biden’s Student Debt Relief Plan

Senate Passes Bill Axing Biden's Student Debt Relief Plan

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.

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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

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.

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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>
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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

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