Biden’s Forgiveness Plan Hits Another Road Block
(AmericanProsperity.com) – In late August, President Joe Biden announced that he was, through executive action, forgiving up to $20,000 in student loan debt for borrowers who met the qualifications. From day one, the decision has seen increasing scrutiny. Several attorneys general and institutions have led the charge in filing lawsuits contesting the legality of Biden’s order. Now, the administration has suffered yet another setback.
On Wednesday, November 30, the US Court of Appeals for the 5th Circuit ruled against shelving a lower court’s decision, which effectively halts the program in its tracks.
The 5th Circuit Court rejected the Biden administration's appeal to reverse a lawsuit blocking President Biden's student loan debt relief plan.
The Biden administration intends to appeal to the Supreme Court. https://t.co/Y7baciX2oT
— NPR Politics (@nprpolitics) December 1, 2022
This is the second blow to the Biden administration in less than a month. The lower court’s decision came on November 10, when US District Judge Mark Pittman declared the executive order unlawful in a 26-page order, declaring the country is “ruled by a Constitution,” not “by an all-power executive with a pen and a phone.”
The Biden administration plans to appeal the decision. The judges in the US Court of Appeals for the 5th Circuit have ordered its expedition.
In another ruling, a St. Louis, Missouri, the appeals court had granted an injunction, placing the program on hold. The administration is appealing to the Supreme Court, which has agreed to hear the case.
🚨BREAKING: Our lawsuit against the Biden Administration’s illegal student loan debt forgiveness plan, which would saddle Americans who didn’t take out loans or already paid theirs off with more economic woes, will be heard at SCOTUS.
— Eric Schmitt (@Eric_Schmitt) December 1, 2022
Currently, the administration is not taking applications for debt relief. In the interim, Biden has issued another pause on repayments that are set to end in June 2023, after the Supreme Court issues its ruling.
~Here’s to Your Prosperity!
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