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Seven Republican-led states on Tuesday filed a lawsuit to challenge the Biden administration's latest student debt forgiveness plan, saying the U.S. Department of Education was taking steps to start canceling loans as soon as this week. The lawsuit came less than a week after the U.S. Supreme Court rejected the Biden administration's bid to revive a different student debt relief plan that was designed to lower monthly payments for millions of borrowers and speed up loan forgiveness for some.

The bill has drawn immense criticism from Republicans who say the measure is a “betrayal” to California residents and further promotes illegal immigration. This comes as California currently faces a $68 billion budget deficit.

On Wednesday, the United States Supreme Court handed down a decision to not reinstate President Joe Biden’s federal student loan forgiveness plan. In a brief order, the High Court denied an emergency request filed by the Biden administration to lift a nationwide injunction on the plan that was put in place by a federal appeals court this year. BREAKING: The Supreme Court just ruled against Biden on his plan to unilaterally use tax dollars to cancel student loan debt ... Again pic.twitter.com/jzQsjzORZC — Greg Price (@greg_price11) August 28, 2024 According to several outlets, there were no noted dissents. The Saving...

A group of Congressional Democrats has introduced legislation that would allocate around $3 billion per year in federal funds to help recent migrants become more self-sufficient, arguing it will take the pressure off states and cities struggling to cope with a crush of new arrivals.... Massachusetts Senator Edward J. Markey is leading the Destination Reception Assistance Act, which would supplement local efforts in providing help navigating the immigration system while also assisting migrants with housing and other necessities. The bicameral group of Democrats announced the plan Tuesday...The motion put forward by the group, and backed by other Democrats including Elizabeth...

A federal appeals court on Thursday temporarily blocked a key Biden administration student loan forgiveness and repayment plan. The order could have significant ramifications for millions of borrowers.. Joe Biden’s Saving on a Valuable Education plan is a new income-driven repayment program designed to provide affordable payments and multiple pathways to loan forgiveness. The Education Department unveiled the SAVE plan last year, and began implementing the program in phases. But several groups of Republican-led states filed two separate legal challenges this spring, arguing that the Biden administration exceeded the authority Congress provided. Thursday’s appeals court ruling is just the latest...

<p>July 18 (Reuters) - A federal appeals court on Thursday blocked President Joe Biden's administration from continuing to implement a new student debt relief plan designed to lower monthly payments for millions of Americans. The St. Louis-based 8th U.S. Circuit Court of Appeals granted a request, opens new tab by seven Republican-led states to put on hold parts of the U.S. Department of Education's debt relief plan that had not already been blocked by a lower-court judge.</p>

DOWNTOWN — Mayor Brandon Johnson is putting $30 million more in federal pandemic relief dollars toward a revived guaranteed income program that will give more Chicagoans $500 monthly cash payments. Johnson is also committing more money for violence prevention, rapid rehousing and other initiatives as he revamps the city’s approach to spending what remains of the $1.9 billion in pandemic financial aid the city received in 2021 under the American Rescue Plan Act.

In a WINK News exclusive, she announced a $60,000 dollar donation to several nonprofits

The U.S. Department of Education has been reviewing the accounts of borrowers who have been in repayment for decades to see if they are eligible for forgiveness. Marlon Fox, a chiropractor in North Charleston, South Carolina, is one person to benefit.In August, he learned that his more than $100,000 student debt balance had been canceled. He’d carried the debt for 35 years. Shortly after Fox heard that his student loans were forgiven, he received a payment from the government for $56,801. A $60,000 debt that only grew In the 1980s,Fox borrowed roughly $60,000 to attend the Palmer College of Chiropractic....

TALLAHASSEE — Florida lawmakers will return to the Capitol on Monday for a brief special session to bolster state sanctions on Iran, a move aimed at helping Gov. Ron DeSantis with his floundering presidential campaign, his critics say. Legislators also plan to tackle other issues, including more aid for Hurricane Idalia victims, extra money to harden homes against hurricanes and school voucher funding. Not on the agenda Florida has the highest property insurance rates in the country, Driskell noted. “They continue to go out of control with no immediate relief for homeowners,” Driskell said, “yet we doled out billions to...

Gov. Ron DeSantis of Florida doesn't support broad student-loan forgiveness. But he does think bankruptcy should be an option for borrowers who cannot afford to pay off their debt. "It's wrong to say that a truck driver should have to pay off the debt of somebody who got a degree in gender studies. This is not the taxpayers that should have to do that," he added. "At the same time, I have sympathy for some of these students because I think they were sold a bill of goods. I think these universities knew that they could take all this federal...

Joe Biden feigned shock when the Supreme Court ruled that he had no authority to wipe out tens of billions of dollars in student loans at the stroke of a pen. The issue is so clearcut, it’s hardly imaginable that we could need to explain it, but let’s begin with that part, to be thorough. Millions of people knowingly, willingly signed onto student loan debts, often while studying for degrees in fields that are well-known for producing relatively low-paying jobs. And then, when they found these burdens to be high after college, they hoped that politicians would let them off...

Student-loan payments are resuming this year. It's likely going to hurt not just borrowers, but the entire US economy. In March 2020, former President Donald Trump first implemented the student-loan payment pause to give borrowers financial relief during the pandemic. Trump and President Joe Biden since extended it multiple times - Biden in November most recently extended the relief through 60 days after June 30, or 60 days after the Supreme Court issues a final decision on the legality of the president' plan to cancel up to $20,000 in student debt for federal borrowers, whichever happens first. And the most...

The Supreme Court is poised to hear back-to-back oral arguments for two student loan-related cases on Tuesday, in what could be the final hurdle for the Biden administration’s student loan forgiveness plan. In August, President Joe Biden announced a program that would forgive up to $20,000 in debt for borrowers with federally held student loans, impacting more than 40 million borrowers. Applications for the program opened in October, but a federal judge in Texas put the program on hold in November, ruling that the program was “unlawful.” In both of the cases heading to the Supreme Court, Biden v. Nebraska—a...

Rep. Mondaire Jones criticized GOP-appointed judges' abilities to issue nationwide injunctions. He referred to a Trump-appointed judge blocking student-debt relief for millions of Americans. His new bill would channel that authority to D.C. courts and the Supreme Court only. A Democratic lawmaker doesn't think conservative judges should have the power to halt Democratic policies for millions of Americans. Last week, New York Rep. Mondaire Jones penned an opinion piece criticizing Republican-appointed judges' "unrestrained use of nationwide injunctions" to block Democratic policies. For example, federal Texas Judge Mark Pittman — appointed by former President Donald Trump — ruled President Joe Biden's...

Amid an ongoing labor crisis, with businesses across the country continually struggling to fill open worker slots, two economists say part of the problem may stem from roughly a quarter of all U.S. states paying citizens sky-high unemployment benefits that sharply disincentivize working. The report, published this month by the Committee to Unleash Prosperity, points to a rash of state-level policies that offer generous payouts for workers who are currently unemployed. The writers — University of Chicago economics Professor Casey Mulligan and Heritage Foundation economics research fellow EJ Antoni — argue in the paper that in 14 states, "unemployment benefits...

A federal judge in Texas struck down President Biden's student loan handout in a Thursday night ruling. Biden's plan, which aims to cancel up to $20,000 in student loan debt for Pell Grant recipients in college and up to $10,000 for others who borrowed using federal student loans. "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...

PHOENIX — Arizona Attorney General Mark Brnovich filed a lawsuit Thursday against the Biden administration to stop its "illegal" student loan cancellation program. The lawsuit challenges the president’s authority, through the Department of Education, to cancel more than $500 billion in student loan debt without congressional approval. “This mass debt forgiveness program is fundamentally unfair, unconstitutional, and unwise,” said Arizona Attorney General Mark Brnovich. “The question Americans need to be asking is why college costs so much in the first place?” Under the student debt cancellation program, the administration plans to cancel $10,000 to $20,000 of student loan debt for...

President Joe Biden’s plan to instantly write off up to $20,000 in individual loans is bad enough, costing the taxpayers north of $300 billion — but the rest of his idea is even worse: He wants to the public to eat most all future student debt, too. Yes, “Part 1” is horrifically unfair: Folks who chose not to take out such loans, or got them paid off, or never went to college at all, will be picking up the tab for college-educated borrowers with excellent incomes. Yet the rest of the scheme would make this injustice permanent. Biden would roll...

White House officials have been weighing -- and leaning toward -- the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned. According to multiple sources familiar with the discussions, the plan is designed to offer the forgiveness to individuals who earn less than $125,000 per year. In addition to that baseline of student loan debt forgiveness for individuals who fall under a certain income level, administration officials have also recently discussed the possibility of additional forgiveness for specific subsets of the population, according to sources familiar with internal discussions in...