His student loan relief plan, announced in late August, will forgive as much as $20,000 in federal loans for certain borrowers.
launch its application for student loan forgivenessFive separate lawsuits in courts across the country seek to block the plan, arguing that the president overstepped his executive power by authorizing such large-scale debt relief without congressional approval.
Biden throughout his presidency has faced skepticism from trial judges and the conservative-majority Supreme Court for stretching his authority, including when the high court blocked the president’s vaccine-or-test rule for private-sector workers and his pause on rental property evictions during the pandemic.
His student loan relief plan, announced in late August, will forgive as much as $20,000 in federal loans for certain borrowers making less than $125,000 per year or $250,000 for households. If the application goes live this month, the Biden administration said some eligible borrowers who apply early enough could see a drop in their balance before loan payments resume next year.Gov. Wolf confirms over 1.7 million Pa.
Biden’s student loan plan relies on a 2003 law that allows the Education Department to waive loan requirements to support borrowers in an emergency. Congress passed it to help borrowers serving in the military in the wake of the Sept. 11 attacks. Biden declared the COVID-19 pandemic is such an emergency, even as deaths and infection rates fall significantly.
For opponents of the plan, the first hurdle will be proving in court that it will harm them in a concrete way — not whether Biden has the power to forgive billions of dollars in student debt.If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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