The fate of the plan will likely eventually end up in the Supreme Court, meaning a final decision is a ways off. Here's where things currently stand.
President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. A U.S. judge in Texas on Thursday, Nov. 9, 2022, blocked Biden's plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness. has been blocked by a second federal court, leaving millions of borrowers to wonder if they'll get debt relief at all.that the program usurped Congress’ power to make laws.
The White House said 26 million people have applied for debt relief, and 16 million people had already had their relief approved.Pittman — an appointee of former President Donald Trump based in Fort Worth, Texas — made it clear that he felt Biden overstepped his authority. He said the Higher Education Relief Opportunities for Students Act of 2003, commonly known as the HEROES Act, did not provide the authorization for the loan forgiveness program.
One lawsuit argued that the automatic debt cancellation would leave borrowers paying heavier taxes in states that impose a tax on canceled debt. The administration responded by allowing borrowers to opt out. Another suit alleged that Biden’s plan would hurt financial institutions that earn revenue on certain kinds of federal student loans. The White House responded by carving those loans out of the plan.
In either case, appellate courts would not issue a final ruling on the validity of the program, but on whether it can go forward while challenges proceed. “I think I’d be a fool not to apply," she said, adding, “I don’t think it’s necessarily fair, especially to people who chose not to go to school.”
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