Supreme Court rules against Biden student loan debt handout
Category: News & Politics
Via: vic-eldred • last year • 80 commentsBy: Anders Hagstrom (Fox Business)
S E E D E D C O N T E N T
The Supreme Court ruled Friday that the Biden administration cannot go forward with their student loan debt handout program.
In a 6-3 decision, the court held that federal law does not allow the Secretary of Education to cancel more than $430 billion in student loan debt.
The initiative, which had been on hold pending litigation, involved the federal government providing up to $10,000 in debt relief - and up to $20,000 for Pell Grant recipients - for people who make less than $125,000 a year. The program was expected to cost the government more than $400,000.
Biden made the unprecedented push for debt cancelation in August 2022, and his administration accepted some 16 million applications before Republicans objected and the program was put on hold.
Biden's DOE is planning 'workarounds' if Supreme Court rules against student loan forgiveness. (AP Photo/Evan Vucci / AP Newsroom)
Republicans argued Biden lacked the authority to unilaterally forgive student loans. Estimates from the Congressional Budget Office said Biden's plan would cost taxpayers roughly $400 billion. Republicans were outraged at the total, arguing the forgiveness would be unfair to those who either paid their way through college, repaid their loans, or never attended college in the first place.
Biden's Education Department had already been exploring potential workarounds to offer handouts via other means in anticipation of a ruling against the administration.
President Joe Biden faced opposition to his student loan forgiveness program. ((Photo by Anna Moneymaker/Getty Images) / Getty Images)
Republicans unveiled their own plan to address student loans and high college costs in June, introducing a series of five bills. The plan from Senate Republicans supports programs aimed at making sure students understand the real cost of college and also shuts off loans for programs that do not result in salaries that are high enough to justify those loans.
U.S. Sen. Tommy Tuberville (R-AL) speaks at a press conference on student loans at the U.S. Capitol on June 14, 2023 in Washington, DC. The Senator spoke on legislation that would curb the increasing cost of higher education and would attempt to lowe (Getty Images)
"This would prevent some of the worst examples of students being exploited for profit. It would force schools to bring down cost and to compete for students. What an idea," Sen. Tommy Tuberville, R-Ala., said of the bill. "It would also protect students from getting buried in debt they can never, ever pay."
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Even Nancy Pelosi said he had no right to do it.
Just another Court loss for Comrade Biden.
But, he did get all those young kids out to vote for him!
“But, he did get all those young kids out to vote for him!”
And for every young kid casting their first vote next November, there I is an antiquated, parroting bigot that has cast their last ballot. Gird your loins, boyz… for the times they are a changin’.
And someday those young kids will be working, paying taxes, and suffering through Brandon/Democrat inflation, high gas prices, rampant crime, uncontrolled spending, and have no one to blame but themselves. Then they will become the very thing you despise, Republicans/conservatives because we only have two parties in this country.
“…the very thing you despise,..”
It is despicable that a major party, one purportedly based on personal freedom, has morphed into a quasi religious aberration, hell bent on legislating their notion of morality across the entire spectrum of our society.
It is not only despicable, it is dangerous and destructive.
not forgiving millions in debt doesn't have anything to do with religion.
It is despicable that a major party has morphed into one that cares more about dividing along racial, sexual, and economic lines than trying to bring us together. One that values illegal immigrants over US citizens. One that is willing to spend any amount of money and resources to enforce Ukraine's borders; while refusing to do the same with ours.
It is more despicable when it goes full on fascist in an attempt to overturn the way our government is run; and throws a hissy fit when the checks and balances that have been put into place by our Constitution stop it.
Tell Brandon this isn't China, and he isn't Xi, no matter how much he wants it to be.
Some folks are scared shitless of Generation Z and their parents and families and their votes.
They will indeed be out to vote in a massive BLUE WAVE. A TSUNAMI ACTUALLY.
"Massive blew wave"- when those affected only amount to 20% of the population.
Those who are pissed about footing the bill for Brandon's attempt to by votes are those that didn't go to college, those that repaid their college loans, parents that paid for the children's college, and those that went to trade school. Why should we have to pay for other's inability to pay their bills?
Can't wait for his temper tantrum after his afternoon nap.
And there it is.......................
I really want to hear all about liberals, respect for our institutions, and of course, comity!
Get Congress to a pass a law. It's not that difficult.
That's if Biden actually believes in our Republic's institutions, and the separation of powers.
Don't think it would fly..........but ya never know
Biden believes IF they do what he wants.
He should be awake in about 15 minutes.
I remember when Democrats and leftists throwing a hissy about Trump reallocating funds from defense to secure the southern border; after correctly stating it was a "national security threat".
Funny how they thought that was illegal; but Brandon creating money out of nothing to give select college debtors a bail out isn't.
I wonder what the next vote buying scheme Democrats will come up with is!
My guess is they’ll just double down on these latest SCOTUS decisions and the useful idiots will simply bite on the same BS.
The calls to expand the court have already increased in volume.
don't like a decision, pack the court!
well done. The president is not a dictator.
Biden knew this was illegal. Everyone knew it was illegal. They did everything they could to keep it from being reviewed, because they understood it was indefensible on the merits.
depsite this, Biden signed this order, violating his oath of office.
But he does get megalomaniac points for trying …..
That may have been the whole point. A little attack on the Constitution to make the Court the bad guys for upholding it and let Biden campaign on trying.
Of course, they could have just passed a bill accomplishing this (and still could), but doing it legally doesn't seem to be a priority.
SCOTUS gives Biden a Civics 101 lesson.
I am what some on this board would classify as a liberal and I agree with this decision.
Roe vs Wade? Gone! Affirmative Action? Gone! Equal Public Accommodations Laws? Gone! Student Loan Forgiveness? Gone! Civil Rights? Going...
Activst judges making laws from the bench?
Oh Yeah! A voter backlash? Better buckle up!
all good things so I don't know why you are complaining.
Yes you do...
too polite to say!
/s
Side note:
voters don't vote for members of SCOTUS
Quit confusing strict conservative Constitutionalist judges with woke leftist moron judges. Want legislating from the bench- Roe V Wade was a prime example of it. The court made a law out of nothing- with set guidelines. They should have have just overturned the law- and the let the states rewrite a new one. Of course they would have needed to state the reason for the overturn under the Constitution.
Overturning Roe gives the power back to the states. It is up to the states to set abortion laws now; unless Congress gets off their asses and makes a federal law. Given how far apart the extremes in both parties are on abortion that will never happen.
Heard it all before. Every time the left screams "The Republican Party is dead!" It comes back with a vengeance.
Never forget we only have two damn parties in this country. When people get sick of Democrats; and by all polls they are. They have no choice but to vote for Republicans. Given Brandon and the Democrats non response to inflation, crime, gas prices, illegal immigration (and all of the costs associated with it), and our wonderful two tier POS justice system- Democrats will have a hard spin selling voters again. Especially while sticking their heads in the sand protecting Brandon from the extortion and money laundering evidence that is piling up.
Better hope that Trump is the Republican nominee- it is the only chance Brandon and the Democrats have.
You want abortion? Pass a law.
! Affirmative Action?
Can't help you with your desire to discriminate on the basis of race. But only a very few fanatics support it (a minority of Democrats) so unless you get rid of the 14th Amendment tough luck to the racialists I guess. Funny how the more things change the more they remain the same. It's like 1865 all over again, Democrats are mad the 14th Amendment stops them from discriminating on the basis of race.
Equal Public Accommodations Laws? Gone!
That's just made up nonsense.
! Student Loan Forgiveness?
Pass a law.
Civil Rights? Going...
Crazy talk.
Dumbest idea since free college.
WTF is wrong with free college? Don't we need educated Americans in our factories and businesses? Or are you one of those that prefer to outsource labor?
I really don't get it - I guess some have valid reasons for being against it, but I really truly don't see why it's a problem to give those who need it, free education. I also don't get how those who had to pay for their education, are so dead set against others not having to pay if they truly can't afford it or even if they can.
1. There is no such thing as free education, someone is always paying for it.
2. Why would people that payed off the loans they signed off for want to pay other peoples loans that they also signed off for?
1. There is no such thing as free college.
2. You don't need a college degree to work in a factory
You now willing to pay my mortgage, too?
The biggest problem is …. it isn’t really “free.”
Yes and we can get them the old fashion way. Paying for their education.
No but a fry cook at Burger King doesn’t need a BA or BS either.
Tough to get it through some thick skulls.
There is no such thing as “free” education.
Exactly, it should be free along with housing, food and internet services as all are vital in this century.
Might as well throw in a free phone.
Good catch, what a wonderful world it will be.
I’m still waiting for my Obama phone.
You?
House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are misinformed.
“The president can’t do it,” Pelosi said, at a press briefing. “That’s not even a discussion.”
Pelosi said any student debt forgiveness would have to be carried out by Congress. Other people in her party have said otherwise.
Too, late. The backlash has already arrived. Now do you begin to understand why Trump (of all the clowns in the world) was elected President?
I have not heard any good ideas so student loan forgiveness would not become a yearly thing for those that take out loans and then spend their money on other things knowing they won't have to pay the loans back. What is the solution to the problem of education costs that are out of control and not getting any better?
Universities could offer even more amenities and services. Students won't want to leave.
Not a bad idea. From what it looks like many of them won't be able to thrive in the real world that won't bend to their every want and desire.
Many don’t. I suspect we have a few of those here.
This has been a very bad week for the Left's Marxists and a very good week for those who believe in upholding the US Constitution.
I guess so seeing as there are maybe 2 in all of Canada which means 10 or so in the US.
Lol …. There is more than that at McGill alone. Many more.
Here's a fun pic of those "many more" and they're from 3 Universities and an equal number of colleges, all in all there would have been a horde of 13 but Waldo had another gig.
I hear Venezuela is very nice this time of year. Maybe they can get directions from the plethora of illegal immigrants escaping that fine socialist country by hot footing it across the US border.
Typical talking point from her.
Stephen Miller announces he has sent a “warning letter” to 200 law schools warning them not to circumvent the SCOTUS decision: “If they try to violate, bypass, circumvent, subvert or otherwise program around that ruling, we are going to take them to court!”
Amazing how the left screamed like toddlers over the debt limit ceiling, WE HAVE TO PAY FOR WHAT WE BOUGHT!!!!! stomping their feet with a little tear running down their face. Now the SCOTUS has decided that they have to pay for what they bought and all of a sudden it's a bad thing? Is there any part of the DNC platform that doesn't include hypocrisy?
Sure would be nice if Congress would now work to hold colleges accountable for their part in this mess. They have raised tuition faster than inflation, even this current inflation rate. But I'm confident the Democrat cry will be to expand the Court and try to find another work-around so that the government can pay those tuition loans (read that as steal from everybody to buy votes).
This times a 1000%. They keep hiring administrators and raising tuition and take students' money for degrees that the know will make it very hard for the students to pay back. Some colleges have more administrators than students. It's insanity.
Damned right!!!
This week's SCOTUS rulings show how racist and anti-US Constitution our Marxist "leaders" are:
Biden called SCOTUS not normal.
Schumer called SCOTUS MAGA, callous, cruel.
Hakeem Jeffries called SCOTUS extremists.
The Obamas called SCOTUS devastating.
never again should we be subjected to the "bipartisanship" crap spewed by idiots who have no respect for the court.
Each exhibited their prejudices and stupidity.
and the ones running again will get elected by fawning idiots
So, your argument is SCOTUS cannot be called derogatory names but every other aspect of the US gov't can?
no.
just no.
My mistake, no one on NT has trashed the DoJ, FBI, ICE, IRS, etc. /s
Good try at twisting my comment 12 , I suppose, but I cannot give you a trophy or even a gold star for your effort.
So, your strategy is to make something up and try to get someone to defend something they never said?
Ok. I'm good with that.
So the great unifier spoke from the White House and condemned Republicans for blocking his plan for student debt relief. And he's already working on another tactic for this by using the Higher Education Act as the law to provide debt relief. And he continues to compare student loans to the business loans from the Covid relief bills. IIFC those loans from the Covid money were never meant to be paid back from the get-go.
Perhaps someone can dig thru the Higher Education Act and show where that authorizes the forgiveness of loans. I read thru it and can see where it sets up and funds grants & loans for education but I don't see much in it for what happens after the education is completed.
Joe just wants to placate his base.
Free stuff is very popular amongst young liberals.
Biden made promises he couldn't keep, and now he is the one who ultimately gets the blame.
He gave many false hope when his administration knew it faced a tough court challenge. Those borrowers that expected the debt relief and then bought cars, houses or took a vacation, got screwed big time by Uncle Joe.
The mainstream media will run cover for him as always, it will be the MAGA court’s fault.
They're already blaming Trump and the Republicans for the makeup of the court. Same old shit.
I agree with the decision by SCOTUS. There are problems with the system that need to be addressed.
1. cost of a college degree, tuition cost far exceeds inflation.
2. Stop the nonense that everyone needs to go to college that simply isn't rational, there are many people in college that do not belong there. The number of kids stuck with huge student debt and no degree is amazing.
3. It's a gold mine for the banks so of course they are going to push their loans without any thought of having a credit-worthy student/ cosigner and will hand out money like candy because bankruptcy will not clear the debt.
4. If you don't want huge debt think of your first two years in a community college.
5. If you really want a ''free'' education my great nephew took advantage of what is offered in Germany. You can as an American citizen go to college in Germany free of charge. My nephew graduated with a degree in engineering, most 90% of classes are taught in English, and then went to work for MBZ in Germany for a couple of years and then transferred to the US. Not one cent/Euro in debt.
And it all got out of hand in 2010
Those who paid off their student loans will be able to get good deals on the houses of those who have to sell them to pay what they owe.
And maybe the people who didn't go to college will be able to pay their own bills.