Student loan forgiveness plan blocked by federal appeals court HEAD TOPICS

Student loan forgiveness plan blocked by federal appeals court

10/22/2022 7:01:00 PM

President Joe Biden s plans to forgive student loan debt has been blocked temporarily by federal appeals court

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Chicago Sun-Times

President Joe Biden s plans to forgive student loan debt has been blocked temporarily by federal appeals court President Joe Biden’s plans to forgive student loan debt has been blocked temporarily by the 8th U.S. iCircuit Court of Appeals, which issued the stay Friday evening. The Eighth Circuit Court of Appeals issued the stay while it considers a motion from six Republican-led states to block the program. The stay ordered the Biden administration not to act on the program while it considers the appeal.“We will continue to move full speed ahead in our preparations in compliance with this order,” she said in a statement. “And, the Administration will continue to fight Republican officials suing to block our efforts to provide relief to working families.” A notice of appeal to the 8th U.S. Circuit Court of Appeals was filed late Thursday, hours after U.S. District Judge Henry Autrey in St. Louis ruled that since the states of Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina failed to establish standing, “the Court lacks jurisdiction to hear this case.” Read more:
Chicago Sun-Times » Court temporarily blocks Biden’s student loan forgiveness President Joe Biden stumps for John Fetterman at Philly fund-raiser ‘John’s got to win,’ President Joe Biden says at John Fetterman fund-raiser in Philly SEAN HANNITY: Are you better off today than when before Joe Biden became president?

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As the country with the largest number of nuclear weapons, Russia has repeatedly cautioned the West that any attack on its territory could trigger a nuclear ... Read more >> Court temporarily blocks Biden’s student loan forgivenessA temporary stay has been issued blocking President Joe Biden’s plans to forgive student loan debt. Forgive PPP all day, but student loans? Goodness. My mortgage identifies as a student loan Here’s why President Joe Biden stumps for John Fetterman at Philly fund-raiser“You’re gonna win,” President Joe Biden told John Fetterman after stepping off Air Force One. He will win but no due to him. We remember. what was fetty's response? looked like a mannequin silently standing behind his wife all day ‘John’s got to win,’ President Joe Biden says at John Fetterman fund-raiser in Philly“If we do not maintain the Senate and the House this next election, a lot’s gonna change,' Biden said at Fetterman's Philadelphia fund-raiser. becasue the GOP is so profoundly bereft of ideas and candidates, these folks are where we must place our hope for the future. thanks a lot, gopers. SEAN HANNITY: Are you better off today than when before Joe Biden became president?'NOT JUST JOE': seanhannity tears into the 'Democratic Radical Socialist Party' for their mounting failures: 'No wonder Republicans are surging in the polls.' seanhannity seanhannity seanhannity They aren’t SEE IT: Ice cream-devouring Biden lights up Times SquareA giant billboard of President Joe Biden devouring ice cream has taken over Times Square. JoeBiden Dimming light… JoeBiden This is disgraceful Joe Giudice Isn't Surprised Melissa and Joe Gorga Skipped Teresa's WeddingExclusive: Joe Giudice weighed in on the ongoing feud between ex-wife Teresa Giudice and Joe Gorga after the drama of BravoCon2022. President Joe Biden speaks about student loan debt relief at Delaware State University on Friday.The Associated Press ST.Fetterman’s health will be center stage ., which collapsed in January. Evan Vucci/Associated Press ST. LOUIS — A federal appeals court late Friday issued an administrative stay temporarily blocking President Joe Biden’s plan to cancel billions of dollars in federal student loans, throwing the program into limbo just days after people began applying for loan forgiveness. The Eighth Circuit Court of Appeals issued the stay while it considers a motion from six Republican-led states to block the loan cancellation program. The Eighth Circuit Court of Appeals issued the stay while it considers a motion from six Republican-led states to block the program. “And he can be a draw for a fund-raising event. The stay ordered the Biden administration not to act on the program while it considers the appeal. The order came just days after people began applying for loan forgiveness. It’s unclear what the decision means for the 22 million borrowers who already applied for the relief.” But Fetterman also gave kudos to Biden. The Biden administration had promised not to clear any debt before Oct. The Biden administration had promised not to clear any debt before Oct. “If I had $70 million, I could probably convince you that you were a Cowboys fan,” he said to some groans. 23 as it battled the legal challenges, but the soonest it was expected to begin erasing debt was mid-November. White House Press Secretary Karine Jean-Pierre encouraged borrowers to continue to apply, saying the court’s temporary order did not prevent applications or the review of applications. The crucial question now is whether the issue will be resolved before Jan. “We will continue to move full speed ahead in our preparations in compliance with this order,” she said in a statement. And we’re proud to be the only of the ‘flippable five’ that has never not been in top on the polls. “And, the Administration will continue to fight Republican officials suing to block our efforts to provide relief to working families. Millions of Americans were expected to get their debt canceled entirely under Biden’s plan, but they now face uncertainty about whether they will need to start making payments in January.” He acknowledged the race is looking very close but touted how he’s never trailed in the increasingly tight polls. ” The crucial question now is whether the issue will be resolved before Jan. 1, when payments on federal student loans are expected to restart after being paused during the pandemic. If borrowers who were expecting debt cancellation are asked to make payments in January, there’s fear that many could fall behind on the bills and default on their loans. I would think he could speak articulately to the health challenges Fetterman has faced and his confidence in his ability to overcome them and using that experience to be a champion for Pennsylvanians. Millions of Americans were expected to get their debt canceled entirely under Biden’s plan, but they now face uncertainty about whether they will need to start making payments in January. Biden has said his previous extension of the payment pause would be the final one, but economists worry many Americans may not have regained financial footing after the upheaval of the pandemic.S. If borrowers who were expecting debt cancellation are asked to make payments in January, there’s fear that many could fall behind on the bills and default on their loans. “Let’s not blow it,” Biden said.S. A notice of appeal to the 8th U.S.S. Circuit Court of Appeals was filed late Thursday, hours after U. Louis ruled that since the states of Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina failed to establish standing, “the Court lacks jurisdiction to hear this case. Because John, you have character, man, and character matters.S. District Judge Henry Autrey in St. Speaking at Delaware State University, a historically Black university where the majority of students receive federal Pell Grants, Biden on Friday said nearly 22 million people have applied for the loan relief in the week since his administration made its online application available. “But I do absolutely know that I’m definitely a much better candidate than Dr. Louis ruled that since the states of Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina failed to establish standing, “the Court lacks jurisdiction to hear this case.” Separately, the six states also asked the district court for an injunction prohibiting the administration from implementing the debt cancellation plan until the appeals process plays out. Pell Grant recipients, who typically demonstrate more financial need, will get an additional $10,000 in debt forgiven. Nebraska Attorney General Doug Peterson, one of the six attorneys general leading the effort to block the debt relief program, praised the court’s decision. “We are pleased the temporary stay has been granted,” Peterson said in a statement. James Campbell, an attorney for the Nebraska attorney general’s office, told Autrey at an Oct. “It’s very important that the legal issues involving presidential power be analyzed by the court before transferring over $400 billion in debt to American taxpayers. ” Speaking before Friday’s ruling at Delaware State University, a historically Black university where the majority of students receive federal Pell Grants, Biden touted the number of applicants who have applied for the loan relief in the week since his administration made its online application available. The cancellation applies to federal student loans used to attend undergraduate and graduate school, along with Parent Plus loans. The plan, announced in August, would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income. Pell Grant recipients, who typically demonstrate more financial need, will get an additional $10,000 in debt forgiven. 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 Congressional Budget Office has said the program will cost about $400 billion over the next three decades. James Campbell, an attorney for the Nebraska attorney general’s office, told Autrey at an Oct. Conservative attorneys, Republican lawmakers and business-oriented groups have asserted that Biden overstepped his authority in taking such sweeping action without the assent of Congress. 12 hearing that the administration is acting outside its authorities in a way that will cost states millions of dollars. The cancellation applies to federal student loans used to attend undergraduate and graduate school, along with Parent Plus loans. Many Democratic lawmakers facing tough reelection contests have distanced themselves from the plan. 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.” He noted that some Republican officials had debt and pandemic relief loans forgiven. The announcement immediately became a major political issue ahead of the November midterm elections. Conservative attorneys, Republican lawmakers and business-oriented groups have asserted that Biden overstepped his authority in taking such sweeping action without the assent of Congress. Lawyers for the administration countered that the Department of Education has “broad authority to manage the federal student financial aid programs. They called it an unfair government giveaway for relatively affluent people at the expense of taxpayers who didn’t pursue higher education. Many Democratic lawmakers facing tough reelection contests have distanced themselves from the plan. “COVID-19 is such an emergency,” the filing stated. Biden on Friday blasted Republicans who have criticized his relief program, saying “their outrage is wrong and it’s hypocritical.” He noted that some Republican officials had debt and pandemic relief loans forgiven. 11, 2001, terrorist attacks to help members of the military. The six states sued in September. Lawyers for the administration countered that the Department of Education has “broad authority to manage the federal student financial aid programs. Republicans argue the administration is misinterpreting the law, in part because the pandemic no longer qualifies as a national emergency.” A court filing stated that the 2003 Higher Education Relief Opportunities for Students Act, or HEROES Act, allows the secretary of education to waive or modify terms of federal student loans in times of war or national emergency. “COVID-19 is such an emergency,” the filing stated. 12 hearing that fallout from the COVID-19 pandemic is still rippling. The HEROES Act was enacted after the Sept. 11, 2001, terrorist attacks to help members of the military. Other lawsuits also have sought to stop the program. The Justice Department says the law allows Biden to reduce or erase student loan debt during a national emergency. Republicans argue the administration is misinterpreting the law, in part because the pandemic no longer qualifies as a national emergency. Barrett, who oversees emergency appeals from Wisconsin and neighboring states, did not comment in turning away the appeal from the Brown County Taxpayers Association. Justice Department attorney Brian Netter told Autrey at the Oct. 12 hearing that fallout from the COVID-19 pandemic is still rippling. ___ By JIM SALTER. He said student loan defaults have skyrocketed over the past 2 1/2 years. Other lawsuits also have sought to stop the program. If you purchase a product or register for an account through one of the links on our site, we may receive compensation. Earlier Thursday, Supreme Court Justice Amy Coney Barrett rejected an appeal from a Wisconsin taxpayers group seeking to stop the debt cancellation program. Barrett, who oversees emergency appeals from Wisconsin and neighboring states, did not comment in turning away the appeal from the Brown County Taxpayers Association. The group wrote in its Supreme Court filing that it needed an emergency order because the administration could begin canceling outstanding student debt as soon as Sunday. Associated Press reporter Darlene Superville contributed from Dover, Delaware. Next Up In .