Two Federal Judges Block Biden Student Loan Forgiveness

[excalibur]

Just hearing this now.

Hopefully, they will be permanently enjoined from carrying out this [new] vote buying scheme of Biden's.

A major initiative by the Biden administration to lower student-loan payments and provide debt cancellation to more borrowers is in jeopardy after two courts temporarily blocked parts of the plan.

The decisions issued Monday by federal courts in Kansas and Missouri prevent the Biden administration from going forward with certain aspects of SAVE, a repayment plan officials launched last year. About 8 million borrowers are enrolled in SAVE and roughly 54,300 borrowers have had $613 million in debt wiped out so far as part of SAVE.

The decisions stem from two separate lawsuits brought by Republican state attorneys general challenging the legality of the plan. Some borrowers were slated to see lower payments through SAVE in the coming months, a provision the Kansas court’s decision stops from going into effect while the case is litigated. The Missouri court ruling temporarily prevents the Biden administration from cancelling more debt under SAVE while the case there plays out.

...​

https://www.marketwatch.com/amp/story/this-is-going-to-be-incredibly-chaotic-student-debt-relief-plan-blocked-in-part-by-two-federal-courts-f7489fe4

 

[pknopp]

Not surprising.

 

[crossbody]

What kickback do the rest of us taxpayers get?

Either everyone gets some free money or no one!

 

[pknopp]

What kickback do the rest of us taxpayers get?

Either everyone gets some free money or no one!

Most everyone has got free money for years.

 

[Orangecat]

Just hearing this now.

Hopefully, they will be permanently enjoined from carrying out this [new] vote buying scheme of Biden's.

​

A major initiative by the Biden administration to lower student-loan payments and provide debt cancellation to more borrowers is in jeopardy after two courts temporarily blocked parts of the plan. ​

​

The decisions issued Monday by federal courts in Kansas and Missouri prevent the Biden administration from going forward with certain aspects of SAVE, a repayment plan officials launched last year. About 8 million borrowers are enrolled in SAVE and roughly 54,300 borrowers have had $613 million in debt wiped out so far as part of SAVE. ​

​

The decisions stem from two separate lawsuits brought by Republican state attorneys general challenging the legality of the plan. Some borrowers were slated to see lower payments through SAVE in the coming months, a provision the Kansas court’s decision stops from going into effect while the case is litigated. The Missouri court ruling temporarily prevents the Biden administration from cancelling more debt under SAVE while the case there plays out. ​

​

...​

https://www.marketwatch.com/amp/story/this-is-going-to-be-incredibly-chaotic-student-debt-relief-plan-blocked-in-part-by-two-federal-courts-f7489fe4

They should reinstate the loans that Biden has illegally forgiven.

 

[Orangecat]

Not surprising.

That judges don’t support deadbeat borrowers? I don’t find that surprising at all, tbh.

 

[Orangecat]

Most everyone has got free money for years.

Not in the form of loan forgiveness. If you sign a contract to pay back money you borrow, pay it back.

 

[crossbody]

Most everyone has got free money for years.

not me

I had to pay back all of my college student loan myself 100% without government kickbacks.

 

[pknopp]

Not in the form of loan forgiveness.

What difference does it matter the form it comes in?

If you sign a contract to pay back money you borrow, pay it back.

If you make bad investments it shouldn't be up to others to bail you out either.

 

[excalibur]

Not in the form of loan forgiveness. If you sign a contract to pay back money you borrow, pay it back.

They should amend the bankruptcy laws to allow discharge in bankruptcy.

 

[Rambunctious]

They aren't reporting this on CNN or any other MSM outlet... I said a month ago that the first group of borrowers has still not had their loans forgiven and libs called me a liar....

 

[Nostra]

One would think that his last scheme getting rebuked as unconstitutional by the Supreme Court would deter him. Nope, he gave the middle finger to the SC and the Constitution again by ignoring their ruling.

Good thing the courts are keeping his attempt to circumvent the Constitution in check.

https://www.politico.com/news/2024/06/24/courts-block-biden-student-loan-repayment-plan-00164771

 

[okfine]

Probably, but who gives a rats ass what the political SC thinks or does themselves anymore.

 

[pknopp]

Two Federal Judges Block Biden Student Loan Forgiveness

Just hearing this now. Hopefully, they will be permanently enjoined from carrying out this [new] vote buying scheme of Biden's. A major initiative by the Biden administration to lower student-loan payments and provide debt cancellation to more borrowers is in jeopardy after two courts...

www.usmessageboard.com

 

[Orangecat]

What difference does it matter the form it comes in?

Because in one instance you freely agreed to pay it back, with interest. I shouldn’t have to explain this to an adult, tbh.

If you make bad investments it shouldn't be up to others to bail you out either.

Agreed.

 

[Orangecat]

They should amend the bankruptcy laws to allow discharge in bankruptcy.

I’m not so sure about that. It’s not as if you can repossess an education. The former student still retains what they borrowed money for.

 

[pknopp]

Because in one instance you freely agreed to pay it back, with interest. I shouldn’t have to explain this to an adult, tbh.

Agreed.

"free money" shouldn't happen, period.

 

[ColonelAngus]

Even Witch Pelosi said it was bullshit.

 

[Nostra]

Probably, but who gives a rats ass what the political SC thinks or does themselves anymore.

Glad you agree that your Vegetable Messiah got caught yet again shitting in our Constitution.

 

[Orangecat]

"free money" shouldn't happen, period.

Agreed.
I think hell just froze over.