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Judge Amy Coney Barret made news Thursday when she declined a request to block Biden’s student loan forgiveness plan. Millions have already applied for relief, relief which allows up to $20,000 in student debt to be forgiven.
In Wisconsin, a taxpayer’s group filed a lawsuit seeking to stop Biden’s loan forgiveness program. Barrett on Thursday rejected the appeal in the case. However, she issued no comment on why she turned the case away. Barrett oversees emergency appeals from Wisconsin and other states.
On October 20, U.S. District Judge William Griesbach also dismissed the Wisconsin lawsuit, saying it did not have the legal right to bring the case. Appellate judges would not issue an emergency order to halt the forgiveness program.
A group of GOP governors believes the forgiveness plan would be too costly for American taxpayers, stating it would end in $600 billion, or $2,000 per American taxpayer. Other sources say it would be a lower amount, quoting $400 billion.
The $400 billion cost is equal to the cost of stimulus checks that were handed out to Americans after Biden took office. Newsweek stated 45 million people owe a total of $1.6 trillion in student debt.
BIDEN IDIOTICALLY READS WORDS FROM TELEPROMPTER THAT OBVIOUSLY WEREN’T SUPPOSED TO BE SPOKEN
More than 22 million people have signed up for the student loan forgiveness as of this past week. Biden said those Republicans who are trying to stop his plan are “wrong and hypocritical.”
The age group of 25 to 34 are the most likely group to have student loans. Students who received a Pell Grant can be forgiven for as much as $20,000 in debt, based on Biden’s program. Most will receive forgiveness of up to $10,000. The adjusted gross income in 2020 or 2021 must be less than $125,000 per year, or in cases of a joint income, less than $250,000.
On Friday, White House press secretary Karine Jean-Pierre said, “Tonight’s temporary order does not prevent borrowers from applying for student debt relief at studentaid.gov – and we encourage eligible borrowers to join the nearly 22 million Americans whose information the Department of Education already has. It does not prevent us from reviewing these applications and preparing them for transmission to loan servicers.”
The Biden Administration faces lawsuits from Arizona Attorney General Mark Brnovich and Job Creators Network Found, as well as from the Cato Institute. Many say that Biden does not have the legal authority to implement the loan forgiveness program and cancel student debt. We will be watching closely for any further action here.
Judge Amy Coney Barret made news Thursday when she declined a request to block Biden’s student loan forgiveness plan. Millions have already applied for relief, relief which allows up to $20,000 in student debt to be forgiven.
In Wisconsin, a taxpayer’s group filed a lawsuit seeking to stop Biden’s loan forgiveness program. Barrett on Thursday rejected the appeal in the case. However, she issued no comment on why she turned the case away. Barrett oversees emergency appeals from Wisconsin and other states.
On October 20, U.S. District Judge William Griesbach also dismissed the Wisconsin lawsuit, saying it did not have the legal right to bring the case. Appellate judges would not issue an emergency order to halt the forgiveness program.
A group of GOP governors believes the forgiveness plan would be too costly for American taxpayers, stating it would end in $600 billion, or $2,000 per American taxpayer. Other sources say it would be a lower amount, quoting $400 billion.
The $400 billion cost is equal to the cost of stimulus checks that were handed out to Americans after Biden took office. Newsweek stated 45 million people owe a total of $1.6 trillion in student debt.
BIDEN IDIOTICALLY READS WORDS FROM TELEPROMPTER THAT OBVIOUSLY WEREN’T SUPPOSED TO BE SPOKEN
More than 22 million people have signed up for the student loan forgiveness as of this past week. Biden said those Republicans who are trying to stop his plan are “wrong and hypocritical.”
The age group of 25 to 34 are the most likely group to have student loans. Students who received a Pell Grant can be forgiven for as much as $20,000 in debt, based on Biden’s program. Most will receive forgiveness of up to $10,000. The adjusted gross income in 2020 or 2021 must be less than $125,000 per year, or in cases of a joint income, less than $250,000.
On Friday, White House press secretary Karine Jean-Pierre said, “Tonight’s temporary order does not prevent borrowers from applying for student debt relief at studentaid.gov – and we encourage eligible borrowers to join the nearly 22 million Americans whose information the Department of Education already has. It does not prevent us from reviewing these applications and preparing them for transmission to loan servicers.”
The Biden Administration faces lawsuits from Arizona Attorney General Mark Brnovich and Job Creators Network Found, as well as from the Cato Institute. Many say that Biden does not have the legal authority to implement the loan forgiveness program and cancel student debt. We will be watching closely for any further action here.