Conservative groups sue to block Biden plan canceling $39 billion in student loans
Conservative groups sue to block Biden plan canceling $39 billion in student loans
Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
Imagine there is a group that does everything in it's power to block every positive change there could be.
Imagine further that the same group also does everything in it's power to change every positive thing into a negative.
Now imagine that >48% of people vote for that group.
And finally imagine you in a place like that.
Honestly, unimaginable.
So where are all of the conservative "if Biden actually wanted to cancel student loan debt he would just do it" people now
They just need to make student loans dischargeable in bankruptcy. High earners who can afford their student loans will be dismissed like any bankruptcy court applicant who makes enough money to pay their debts, and the people who are actually struggling will get relief at the penalty of 7 years very bad credit.
Bankruptcy works for every other kind of debt, it was written into the Constitution by the founding fathers, and it's the perfect system designed exactly for problems like the student loan crisis.This is the best summary I could come up with:
Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
In a lawsuit filed Friday in Michigan, the groups argue that the administration overstepped its power when it announced the forgiveness in July, just weeks after the Supreme Court struck down a broader cancellation plan pushed by President Joe Biden.
The Education Department called the suit “a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt.”
It’s part of a wave of legal challenges Republicans have leveled at the Biden administration’s efforts to reduce or eliminate student debt for millions of Americans.
Under the one-time fix, past periods in forbearance were also counted as progress toward Public Service Loan Forgiveness, a program that offers cancellation after 10 years of payments while working in a government or nonprofit job.
Biden’s action was illegal, the lawsuit says, because it wasn’t authorized by Congress and didn’t go through a federal rulemaking process that invites public feedback.
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I just want to say I was surprised and so fucking happy when I got a notification that a payment did not go through for my student loan and logged into my loans website and seeing that the 7100 I had left was suddenly paid off.
The enemies of the people.
Non profits who want to keep under paying educated employees, suing to reverse PSLF awardees. So scummy it's painful.
From what I've read this is on much firmer legal ground than the last one. But you gotta get through lawsuits for everything.
39 billions is money which could be going to Israel to support their genocide.
Taking it from them and giving it to American education is anti semitic! /s /ADL
Okay so for starters I am for cancelling this debt.
But this thread is full of people in this thread making false equivalencies with regard to why people might oppose this. Things I've seen:
"Fuck you I got mine"
"My dad died of cancer so it'd be wrong if them to continue cancer research"
"Just evil"
"A bunch of people who don't have debt"
Etc.
And for all of you this applies to I offer this: What is the plan for preventing it from continuing after the current orders of debt are cancelled? Is there anything? I genuinely haven't heard it if it exists. If there isn't a plan on stifling the lending rates forever more, then the issue will just resurface, likely worse. I'm all for cancelling the debt but is there a plan for preventing the debt?