Supreme Court again declines to block Biden's student loan relief plan

[LetMyPeopleVote]

Source: CNBC

The Supreme Court on Friday rejected a second request to block the Biden administration’s student loan debt relief program.

Justice Amy Coney Barrett denied an emergency application to block the program brought by the Pacific Legal Foundation, a conservative legal group, on behalf of two borrowers in Indiana. On Oct. 20, Barrett rejected a similar request.

Barrett is responsible for such applications issued from cases in the 7th Circuit U.S. Court of Appeals, which includes Indiana.

The decision has little practical effect. For now, student loan forgiveness remains on hold from a challenge brought by six GOP-led states.

Since the White House unveiled its loan relief plan in August to cancel $10,000 for most student loan borrowers, and up to $20,000 for those who received Pell Grants for low-income families, it has faced at least six lawsuits.

Read more: https://www.cnbc.com/2022/11/04/supreme-court-again-declines-to-block-bidens-student-loan-relief-plan.html

[Lovie777]

1. So this a new?....

K&R then.

[MarineCombatEngineer]

3. Yep, this is the second time she's denied the emergency request. nt

[Lonestarblue]

2. Republicans using the courts to delay, delay, delay until they take over and cancel the program.

Anything that helps average people ends up getting ditched by Republicans, who help only themselves and their rich donors.

[oldsoftie]

4. Biden is using the "state of emergency" to do it not congress.

Its legal but I don't agree with it

[AllyCat]

10. Yes, it's so terrible when principal is long paid off and

Last edited Sat Nov 5, 2022, 08:21 AM - Edit history (1)

Now we borrowers are “paying off what we got ourselves into” to the banks. No student should get relief. It’s so disagreeable for the average person to get a break if EVERYONE doesn’t get it. Especially if they all paid their loans with no help from the taxpayers, amirite?

[oldsoftie]

11. Partially right. Everyone makes a choice. You don't need a 6 figure debt to get educated

Or to get a well paying job. Or even to get wealthy.
But the main reason I don't like it is because at this point it has nothing to do with the pandemic. Halting payments was one thing that WAS done that did make sense. I don't know if they also froze interest accrual because if they didnt then they didnt really give anyone a break. If you use the state of emergency for this then in the future a trump-like president could pull anything to excuse under a similar state. We shouldn't even BE under a SoE anymore anyway.

[AllyCat]

13. Well, you'll be thrilled when all these lawsuits decide against

Us borrowers. Such takers we all are. How dare I apply for something to get relief after years of on time payments. We little folk shouldn’t ask for help.

Maybe Scott Walker and his ilk were right: who needs a teaching degree? Next step: Who needs a nursing degree?

[oldsoftie]

14. yes, you can play the "poor pitiful me" card if you like.

But the fact remains we all make choices. Some want to spend a ton to go to the "premier" schools and some will spend a lot less to go elsewhere. Some cave in to peer pressure. I know people who have taken on 75k in debt when they could've taken 25 & got the same degree. And as a LOT of people here on DU have pointed out, why SHOULD you get debt removed when so many others sacrificed to pay theirs? A ton more money straight to the debt. It has nothing to do with me being jealous about it either. I never had student debt because I never went to college.
Why are we not putting university presidents in front of Congress & questioning THEM about why they keep raising tuitions at a faster rate than even healthcare costs? And why they continue to do so even when they have HUGE endowments?

[cstanleytech]

17. Yes we all make choices however if I understand it correctly this is only applying to those that

earn below a certain threshold and I have no problem with that.
Now what that threshold should be is an entirely different matter and imo I think it should be based on the federal poverty level and use a formula of you may not earn more than 150% above the federal poverty level to qualify for the full amount of forgiveness.
If you earn more than that it gradually reduces how much it forgives for every 10% you are above that and goes away entirely when you reach 300%.

[Farmer-Rick]

18. How come my "choice" to be born into a filthy rich family didn't work out?

They forgave Kushner's PPP debt and a bunch of other millionaires and billionaires got their PPP debt forgiven. They bailed out the banks in the 2008 crash. They handed out loans to corporations for almost a decade at 0.001% interest while charging students in excess of 8%.

So the US federal government has been forgiving loans and handing out our tax dollars to the filthy rich for a good long while. So how come no one objected to that kind of loan forgiveness? GOP and hypocrites are all in favor of loan forgiveness. It's just the filthy rich you all want to give forgiveness to; not anyone else.

And life is Not a series of choices like you would like to think. I didn't get to decide on my poor family when I was born. I didn't get to decide if my father inherited millions. I didn't get to decide when an unlicensed, illegal tractor trailer drove over my car and injured me so badly, my hospital bills were in the millions. I did not get to decide if my spouse became a drug addict thanks to doctors pushing oxycodone. (Half of this did not happen, it's just an example.)

I didn't get to decide that my spouse died young, traumatizing my children and me. These were not choices. This was very bad luck. And life is much more about luck then about choices. You can't choose everything that happens to you.

And punishing somebody because life screwed them over and withholding loan forgiveness from those who have the worse luck is just cruelty.

[turbinetree]

5. And for those that have FFELP......loans or a private loan....

prior to 2010 as of right now no.....this is what is being contested its about private lenders if I understand this correctly....

Direct Loans are available to eligible undergraduate and graduate students to help cover the cost of higher education at a four-year college or university, community college, or trade, career, or technical school. Lender: U.S. Department of Education.

The FFELP program was discontinued on June 30, 2010. FFELP (Federal Family Education Loan Program) offered federal student loans to students made by private lenders and insured by guaranty agencies. Lender: A bank, credit union, finance company, non-profit, or state agency.

Private loans are not funded by the federal government, but are made by financial institutions. They are primarily used to help students cover school costs above and beyond what can be covered with a federal loan. Lender: A bank, credit union, or finance company.

The HEAL program was discontinued in 1998. HEAL (Health Education Assistance Loan program) was created to insure loans made by participating lenders to eligible graduate students in a healthcare-related program.

Other includes unique loans that are not part of the other types.

[imavoter]

8. It was going only be direct loans only

But as long as ED is the holder.
The guidance in the order they will
forgive is at Studentaid dot gov.
I'll have 20k forgiven as I got a Pell grant
years ago.

I have a older than dirt consolidation
loan that is public/private that doesn't
qualify. (It would have if I had consolidated
everything before September 29th lawsuit)lawsuits,
but didn't know that was coming.

[turbinetree]

15. I am also in that "boat' I have a loan that goes back to before 2010

we will see what happens, we might be able to have our older loans forgiven prior to 2010 which mine is....

[turbinetree]

16. And then there is / was this article from back in the day.....

https://genprogress.org/hall-of-shame-kentucky-higher-education-student-loan-corporation/

[Rebl2]

6. Didn't know it

had gone before the SC before. Not sure how I missed that.

[LT Barclay]

7. Still wish the whole thing had been packaged as a interest relief package. It would make the GOP

look even more out of touch if they were trying to defend keeping 6-8% interest rates.

[oldsoftie]

12. Thats exactly what should've been done. And your 2nd point is perfect.

It would be a lot harder to slam it as "another giveaway"

[live love laugh]

9. Such a waste of time and money.