Posted on 11/15/2022 9:19:04 AM PST by Libloather
Student-loan borrowers are at risk of resuming student-loan payments in under two months without the debt relief they were promised.
Just over a month after President Joe Biden announced up to $20,000 in student-debt cancellation at the end of August for federal borrowers making under $125,000 a year, he made available an online application for borrowers to apply for the relief. Since then, 26 million borrowers have submitted forms to get the relief — but due to decisions from federal courts, those borrowers are now in legal limbo.
On Thursday, a federal judge in Texas sided with two student-loan borrowers who sued Biden's loan forgiveness because they didn't qualify for the full amount of relief, blocking the plan from being implemented as Biden's Justice Department appeals the decision. On Monday, the 8th Circuit Court of Appeals ruled that the temporary paused it placed on Biden's debt relief will remain in place, following a lawsuit filed by six Republican-led states who sued because they argued the relief would hurt their states' tax revenues. The administration will likely appeal this decision as well.
These legal challenges could delay the implementation of Biden's debt relief for months - potentially extending into next year, when student-loan payments are scheduled to resume. Advocates say that can't happen.
"It is shameful, but not surprising, that a federal judge would side with the MAGA Republicans who appointed him, rather than the 26 million borrowers who have applied for life-changing loan forgiveness," Randi Weingarten, president of the American Federation of Teachers, told Insider. "And it is telling that the special interests fighting forgiveness in this case were nowhere to be seen when President Trump suspended payments at the height of the pandemic."
"Alongside an appeal in this case, the administration should also consider further mechanisms to promote fairness...
(Excerpt) Read more at businessinsider.com ...
Will that approach work with my mortgage? Hahahahahaha
At risk? Hey, you borrowed the money and are “enjoying” your degree. Pay the frigging money back!
Right. And then they’ll lose their forgiveness certification. These kids must remember who they’re dealing with.
The scam worked this time, it brought out the votes.
The bait and switch will haunt them next time around .
Most of these default loans are for kids that never graduated.
If you want to renege on monitary obligations, the banks will send/sell the info to a collections agency and then the fun really begins.
These “advocates” don’t care about you, there is clearly, a whole narcissistic aspect to these “advocates” that people are generally ignorant of. If you value a modicum of quality of life, don’t feed the psychopaths.
Maybe they will learn not to trust the Democrats.
Nah. They will happily fall for it again.
While they’re waiting, there’s likely an online course available concerning the Constitution and U.S. Government that they missed or slept through in high school or college…might be worth taking.
Charles Manson had lots of advocates. So did Bernie Madoff and so does Sam Bankman Fried.
Sucks to be them, “Pay up sucka”.
Just like Charlie Brown trying to kick the football and Lucy pulls it every time.
Higher education is now more a jobs program for worthless Democrats than it is an educational system.
Let the Democrats start a go-fund-me to raise the money, from individual Democrats not taxes, to pay of outstanding student loans.
If clear border laws can be ignored, why not student loan payments.
Maybe they will learn not to trust the Democrats.
Good one, LOL
No argument from me.
Paying mine back sucked. But, it was part of the deal.
mañana mañana mañana... f-em
What a partisan freak. And they educate the children of America. Does any Republican have a problem with that?
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