Posted on 10/21/2022 5:55:24 PM PDT by BenLurkin
A Federal Court of Appeals has put in place a temporary block on President Joe Biden's student debt forgiveness program after granting a stay Friday evening.
The 8th U.S. Circuit Court of Appeals sided with six Republican-led states that sued the administration. The court temporarily halted the program, which would have forgiven up to up $10,000 in debt for eligible non-Pell Grant recipients, until consideration of an injunction is completed.
The administration has until Monday, Oct. 24 at 6 p.m. ET to file an appeal for the injunction.
The Court of Appeals decision comes a day after U.S. District Judge Henry Autrey dismissed the suit ruling that the six states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — failed to establish they had standing.
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Best news all day.
Good news!
This is taking money from one group and paying for people to vote in more “free stuff.” Is it hard to understand?
It is very hard to understand when you don't want to understand.
Just in the nick of time.
“This is taking money from one group and paying for people to vote in more “free stuff.” Is it hard to understand?”
Take another perspective. The student loan program is an enormous wealth transfer program from stupid young people to left-wing university professors and administrators. Studies have shown that 80% of student loans have gone into higher tuition. So in effect, our government has funded the leftist takeover of academia using debt incurred by the young and stupid to do its work for it.
I would legislate that the universities have to pay off student loan debt with their endowments.
Yes, the department of education was going to start writing off loans on Sunday for 8 million people, and 22 million have already applied for it.
It is hard to understand for a lot of people.
I completely understand you. But many people, look at it, as a loan being forgiven, but they don’t understand the concept of taxpayers paying off those loans instead.
Heck, considering that we have trillion dollar deficits nowadays, loan forgiveness would simply get added to the national debt and annual deficit in the year of forgiveness. It’s not as if taxes will go up, to pay off those loans which get forgiven.
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