President Joe 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 wondering if they’ll get debt relief at all
President Joe Biden's plan to provide millions of borrowers with up to $20,000 apiece in
Current college students qualify if their loans were disbursed before July 1. The plan makes 43 million borrowers eligible for some debt forgiveness, with 20 million who could get their debt erased entirely, according to the administration. The law allows the secretary of education to waive or modify terms of federal student loans in times of war or national emergency. The administration claimed the COVID-19 pandemic created a national emergency.White House Press Secretary Karine Jean-Pierre said in a statement that the president and his administration “are determined to help working and middle-class Americans get back on their feet.
The new ruling, however, argues that the HEROES Act does not grant authority for mass debt cancellation. The law grants the Education Department wide flexibility during national emergencies, but the judge ruled that it’s unclear whether debt cancellation was a necessary response to COVID-19, noting that Biden recently declared the pandemic over.The legal situation is complicated because of the numerous lawsuits.
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. Brenna Zimmerman, who graduated from Kansas State University in 2021 with about $30,000 in debt, said she wasn’t surprised the program was blocked.
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