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☆ Here's why Biden administration believes new student loan forgiveness plan will survive legal challenges
▼ + stars: | 2024-04-23 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024. The aid package is narrowerBiden's 2020 campaign promise to erase student debt was thwarted at the Supreme Court in June. Biden had tried to forgive the debt of nearly all 40 million federal student loan borrowers, with many people getting up to $20,000 in cancellation. As a result, for critics of broad student loan forgiveness, Biden's new plan looks a great deal like his first. Biden's first forgiveness plan was based on the Higher Education Relief Opportunities for Students Act, or HEROES Act, of 2003.

Persons: Joe Biden, Andrew Caballero, Reynolds, Joe Biden's, Biden didn't, Biden, who've, Biden's, Andrew Bailey, X, Bailey, There's, didn't, John Roberts, Lyndon B, Johnson, Sen, Elizabeth Warren, Warren Organizations: Madison Area Technical College, AFP, Getty, U.S . Department of Education, Republican, Higher, Higher Education, Act, Biden, ., of Education Locations: Madison , Wisconsin, Missouri, . Nebraska

☆ Student-loan forgiveness through Biden's new repayment plan faces another lawsuit from 7 GOP states
▼ + stars: | 2024-04-10 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Read previewAnother lawsuit to block President Joe Biden's new student-loan repayment plan has arrived. On Tuesday, Missouri's Attorney General Andrew Bailey led six other GOP states in filing a lawsuit to block the new SAVE income-driven repayment plan. It's a similar argument to the lawsuit Biden v. Nebraska, which the Supreme Court ruled had standing to strike down Biden's first broad debt relief plan. It said that due to the generosity of the SAVE plan, fewer borrowers will enroll in PSLF, thus undermining states' recruitment efforts into the public sector. This lawsuit follows Biden's release of new details for his broader student-loan forgiveness plan, which is set to benefit over 30 million borrowers.

Persons: —, Joe Biden's, Andrew Bailey, Biden's, It’s, E67qx1RMsP —, It's, Biden, MOHELA, Bailey Organizations: Service, Missouri's, Business, Education Department, else’s Ivy League, GOP, An Education Department, US Department of Education, MOHELA, . Nebraska, SAVE, of, Public Locations: Missouri, ., of Missouri, PSLF

☆ Trump wants to deny Biden's easiest reelection path by pushing a last-minute change in Nebraska's election law
▼ + stars: | 2024-04-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

Read previewFormer President Donald Trump is backing a last-minute change to Nebraska's election law that could deprive President Joe Biden of an Electoral College vote that would loom large in a close race. The rest of the state is heavily conservative and has consistently handed its four other electoral votes to Republican nominees. Republicans could make Biden's reelection path more difficult if they successfully changed the law. It's worth being skeptical that Republicans can push this throughNebraska Republicans have gnashed their teeth over the law for years. Pete Ricketts to the US Senate, a move that angered some Nebraska Republicans given that Ricketts had endorsed Pillen over Herbster.

Persons: —, Donald Trump, Joe Biden, Jim Pillen of, Jim Pillen, Trump, Don Bacon, Semafor, Pillen, Charlie Kirk's, Kirk, hasn't, Barack Obama, Sen, Loren Lippincott, it's, Lippincott, Machaela Cavanaugh, Mike McDonnell, Megan Hunt, Hunt, McDonnell, Charles Herbster, Trump's, Pete Ricketts, Ricketts Organizations: Service, Electoral, Trump, Business, Congressional, GOP, Republican, Nebraska, White, Representatives, Nebraska Republicans, Democratic, Electoral College, Democrat, Congressional District, Lincoln Journal Star, Democratic Party, Republican Party, Nebraska Republican, Getty, Gov, Senate Locations: Jim Pillen of Nebraska, Nebraska, Omaha, Wisconsin , Michigan, Pennsylvania, Georgia, Arizona, Nevada, Herbster, Maine

☆ Trump and allies pressure Nebraska to change how it awards electoral votes
▼ + stars: | 2024-04-03 | by ( Daniel Strauss | Jeff Zeleny | ) edition.cnn.com time to read: +6 min

CNN —Former President Donald Trump and his allies have ramped up pressure for Nebraska lawmakers to change the method the state divvies out electoral college votes, an effort that underscores just how narrow the race for 270 electoral votes could be in the November rematch with President Joe Biden. Conservative activist Charlie Kirk kicked off the effort on Tuesday, sending a message on social media urging Nebraska Republicans to act. For weeks, the Biden campaign has had its eye on Omaha and its one electoral vote. For all the talk of Biden’s blue wall of Wisconsin, Michigan and Pennsylvania, winning all three could still leave him short of 270 electoral votes. The 2020 census changed the map based on decreasing populations in Pennsylvania and Michigan, so one of Nebraska’s three electoral votes could become critical should there be a 269-269 tie with Trump.

Persons: Donald Trump, Joe Biden, Charlie Kirk, Jim Pillen, Trump, Jim Pillen of, Let’s, ”, Sen, John Arch, ” Arch, I’m, “, Jen Day, Biden, Megan Hunt, it’s, Jane Kleeb, Loren Lippincott, ” Lippincolt, Trump’s Organizations: CNN, Nebraska, Republicans, Conservative, Nebraska Republicans, Republican Gov, Truth, Republican, “, LB, Capitol, Omaha, Democratic, Nebraska Democratic, Lincoln Journal Star, Trump Locations: Jim Pillen of Nebraska, Nebraska, Lincoln, Omaha, ” Nebraska, Maine, Wisconsin , Michigan, Pennsylvania, Michigan

The stop by Ms. Harris at the Planned Parenthood clinic was believed to be the first official visit by a vice president to an abortion clinic. We have to be a nation that trusts women.”Image Ms. Harris visited a Planned Parenthood clinic in St. Paul, Minn., on Thursday. Nebraska, North Dakota and South Dakota were almost bare — all have restricted abortion access since the overturning of Roe. But the fall of Roe upended those politics, energizing a new generation of voters energized by their support for abortion rights. “Please do understand that when we talk about a clinic such as this, it is absolutely about health care and reproductive health care.

Persons: Kamala Harris, Minn, Harris, ”, “, Jenn Ackerman, Roe, Wade, energizing, Biden, Lake, Biden’s, Donald J, Trump, Ms, Undem, Mr, Paul, Sarah Traxler, Tim Walz Organizations: Minn, ., The New York Times, Democrats, Democratic, Paul Health Center, Administration, Gov, The, of Family, State Legislature, Biden Locations: St, Paul, Minnesota, . Minnesota, Iowa . Nebraska , North Dakota, South Dakota, Gaza, KFF, Democratic, Vandalia, “ Minnesota, States

We have people that are willing and able to work, but finding child care was an obstacle.”Republicans historically have been lukewarm about using taxpayer money for child care, even as they have embraced prekindergarten. Nebraska and Indiana have both pitched programs to make child care free for child care workers. Child care advocates say the investments are not enough and called on Congress to authorize a new round of money to keep the child care industry afloat. GOP resistance to child care spending dates to the 1970s, when President Richard Nixon vetoed a bill to establish a national child care system, invoking fears of communism and saying it had “family-weakening implications.” Many of those arguments persist. But during the pandemic, many child care workers left the industry for better-paying jobs, and some child care centers closed for good, exacerbating the problem.

Persons: Emily O'Brien, Lennon, O'Brien, Jolene, Doug Burgum's, ” O'Brien, —, Mike Parson, Brenda Shields, ” Shields, Pro Tem Caleb Rowden, Glenn Youngkin, Richard Nixon, “, Kristi Noem, ” Noem Organizations: Republican, Gov, Republicans, Democratic, Republican Gov, Pro, Virginia Gov, U.S . Chamber of Commerce Foundation, KWAT, Associated Press Locations: North Dakota, Forks, Bismarck, New Mexico, Vermont, Missouri, Louisiana, Alabama, Texas, Nebraska, Indiana, Idaho, U.S, South Dakota, Watertown , South Dakota, AP.org

MADISON, Wis. (AP) — Republicans who control the Wisconsin Assembly quietly introduced a bill Friday that would call for a binding statewide referendum on whether abortion should be banned after 14 weeks of pregnancy. Political Cartoons View All 253 ImagesAnother Wisconsin law bans abortions after 20 weeks of pregnancy. The bill Friday would outlaw abortions after 14 weeks of pregnancy, or about three months. The Wisconsin bill comes with a catch, though. The Senate's Republican majority leader, Devin LeMahieu, said last week that it would be difficult to get his caucus to coalesce around an abortion bill that Evers would veto.

Persons: Tony Evers, Roe, Wade, Janet Protasiewicz, Kamala Harris, Evers, Robin Vos, Vos, Angela Joyce, Britt Cudaback, ” Cudaback, Devin LeMahieu, Brian Radday didn't Organizations: —, Wisconsin Assembly, GOP, Capitol, Democratic Gov, U.S, Supreme, Guttmacher Institute, Senate, Republican Locations: MADISON, Wis, Wisconsin, U.S ., Dane, Waukesha County, Georgia, South Carolina, Nebraska, North Carolina, Arizona, Florida

☆ Here's what we know so far about Biden's 'Plan B' for student loan forgiveness
▼ + stars: | 2023-11-24 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

U.S. President Joe Biden speaks about administration plans to forgive federal student loan debt during remarks in the Roosevelt Room at the White House in Washington, U.S., August 24, 2022. Leah Millis | ReutersPresident Joe Biden's new plan to forgive student debt is likely to look much different than his first. His administration has already started that process, and established a "Student Loan Debt Relief Committee" — including Wisdom Cole at the NAACP, Kyra Taylor at the National Consumer Law Center and several student loan borrowers — to hash out the details. Reach of relief could drop to 10% of borrowersNearly 40 million Americans stood to benefit from Biden's original student loan forgiveness plan. Less than 10% of federal student loan borrowers are likely to qualify this round, Kantrowitz said.

Persons: Joe Biden, Leah Millis, Joe Biden's, Wisdom Cole, Kyra Taylor, Mark Kantrowitz, John Roberts, Kantrowitz, Luke Herrine, Herrine Organizations: White, Debt, NAACP, National Consumer Law Center, Finance, Biden, . Nebraska, University of Alabama, CNBC Locations: Washington , U.S, .

☆ Maine votes to keep investor-owned electricity companies in charge of the energy grid
▼ + stars: | 2023-11-08 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

It is not the first time that Mainers' push for a publicly owned energy grid has failed. In 1973, voters struck down the creation of a Maine Power Authority, which would have put the power supply in the state's hands. Janet Mills vetoed a bill from the state legislature to establish Pine Tree Power. In New York, the Long Island Power Authority has run the power grid of Long Island since 1986. Despite having a roughly 70-year-old public power grid, Nebraska still relies heavily on coal.

Persons: Janet Mills, Willy Ritch, Judy Long, Lucy Hochschartner Organizations: Carver, Voters, Maine Power Authority, Democratic Gov, Central Maine Power, Public, Maine Affordable Energy, Versant, CNBC, Pine, Power Authority, Cooperative, Hawaiian, Publicly, London Economic, Maine's Public Utilities Commission Locations: South Shore, Plymouth, Avangrid, Maine, . Nebraska, Los Angeles, Seattle, Kauai, New York, Long, Nebraska, Pine

Ohio voters overwhelmingly approved a state constitutional amendment guaranteeing abortion rights, delivering a landslide-sized message Tuesday night to politicians that the near-total ban GOP lawmakers support is unacceptable to the voting public. President Joe Biden, who has made abortion rights a central theme of his struggling 2024 reelection effort, praised the vote. Nebraska's proposed referendum would ban abortion, while the remaining states are considering initiatives to protect reproductive rights. Advocates believe the abortion rights referendum was a driver of that vote. Broken down, that includes 46% of Democrats, 23% of independents and 20% of Republicans, suggesting Democrats are more likely to make abortion rights a defining factor in their votes.

Persons: Dobbs, Mike DeWine, ” DeWine, Joe Biden, ” Biden, Nebraska's, Biden, Donald Trump, Angela Vasquez, Giroux, Vasquez, Jim Jordan, Dave Yost, Gerson Fuentes, Jordan, Yost, ” Organizations: NBC, Buckeye State, Jackson Women's Health, Republicans, Democrats, Ohio’s Republican Gov, CNN, The New York Times, Siena College, GOP, Democratic, Tufts University's Center for Information, Research, Civic, KFF, Ohio Republican Locations: Ohio, Buckeye, Dobbs, America, Ohio –, California , Kansas , Kentucky, Montana , Michigan, Vermont, Maryland, New York, Arizona , Florida , Nebraska , Nevada, South Dakota, Arizona, Nevada, Michigan, Indiana, . Ohio

Interest rates for long-term borrowing for capital improvements also would be less costly for Pine Tree Power. The anger and frustration from electric ratepayers in Maine is a far cry from the days when Iberdrola bought Central Maine Power, the state’s largest electric utility. The privately operated, nonprofit Pine Tree Power utility would contract with a private grid operator through a competitive bidding process. But Pine Tree Power would face some of the same constraints as CMP and Versant. And, like the existing utilities, Pine Tree Power would have no control over the actual cost of electricity, which comprises about half of consumers' monthly bills.

Persons: Mainers, ”, Timothy Cox, Janet Mills, William Harwood, Seth Berry, Harwood, Ann, Ursula Schryver, Schryver, Mike Jacobs, Jacobs, who's, Christie Decker, “, Decker, Freed, Willy Ritch, ” Al, David Sharp, @David_Sharp_AP Organizations: Central Maine Power, Energy Partners, Democratic Gov, Maine Public, CMP, Nationwide, American Public Power Association, Union of Concerned Scientists, Iberdrola, Maine, Tree, Maine Affordable Energy Coalition Locations: PORTLAND, Maine, U.S, Washington, Tree, Francisco, San Diego, Ann Arbor , Michigan, Rochester , New York, Nebraska, Boston, Wilton, Pine, ” Al Cleveland

Crop Watch producers reported quick harvest progress in the first week of October, and soybeans were the prime beneficiary as many areas are close to wrapping up those efforts. Five Crop Watch soybean fields were harvested between last Monday and Sunday, three with slightly better than expected results and two with notably worse ones. Just two Crop Watch soybean fields await harvest: Ohio and North Dakota. Average Crop Watch corn yield remains unchanged at 3.61, and there were no adjustments to any individual scores this week. Only four of the 11 Crop Watch corn fields have been harvested as of Monday morning, and the most recent one was completed on Sept. 29.

Persons: Karen Braun, Matthew Lewis Organizations: U.S . Crop Watch, Nebraska and, Crop, Crop Watch, Watch, South Dakota, Reuters, Thomson Locations: NAPERVILLE , Illinois, U.S, Ohio, North Dakota, Iowa, Illinois, Minnesota, Nebraska, Nebraska and South Dakota, South Dakota, South, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

Crop Watch farmers in western Iowa, Kansas and southeastern Illinois reported fast harvest efforts last week. The Minnesota and eastern Iowa soybeans are in progress as of Monday, and the South Dakota soybeans could also be started on Monday. So far, the Crop Watch harvest is faster than a year ago but slightly slower than two years ago. The producer cites the longer-season variety of beans planted in the Crop Watch field that were able to take in late-season moisture. Crop Watch 2023 ProducersPhotos of the Crop Watch fields can be tracked on my X feed using handle @kannbwx.

Persons: pinto, Karen Braun, Marguerita Choy, 「 Organizations: . Crop Watch, Nebraska, Crop, Crop Watch, Reuters, 「 Reuters Locations: NAPERVILLE , Illinois, Iowa , Kansas, Illinois, Indiana, Nebraska, North, South Dakota , Ohio, Minnesota, Iowa, Kansas, South Dakota, North Dakota, Ohio, The, Kingsbury , South Dakota, Freeborn , Minnesota, Burt , Nebraska, Rice , Kansas, Audubon , Iowa, Cedar , Iowa, Warren , Illinois, Crawford , Illinois, Tippecanoe , Indiana, Fairfield , Ohio, The North Dakota, Griggs County, Stutsman County

☆ How much you need to earn to be in the top 1% in every U.S. state
▼ + stars: | 2023-07-18 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

In Connecticut, households need to earn an annual income of $952,902 or more to be part of the top 1% of earners. While residents in more urban states tend to earn more, they also generally have a higher cost of living, which somewhat offsets those larger incomes. ConnecticutTop 1% income threshold: $952,9022. MassachusettsTop 1% income threshold: $903,4013. West VirginiaTop 1% income threshold: $367,582DON'T MISS: Want to be smarter and more successful with your money, work & life?

Persons: That's Organizations: Connecticut, Massachusetts, California, . New, Washington, New York, Colorado, Florida, Illinois, New Hampshire, Wyoming, Virginia, Maryland, Texas, Utah, Minnesota, Nevada, South Dakota, Pennsylvania, . North Dakota, Georgia, Oregon, Arizona, Idaho, North Carolina, Montana, Kansas, Rhode, Tennessee, Alaska, Nebraska, Delaware, Vermont, Wisconsin, South Carolina, Michigan, Maine, Missouri, Ohio, Hawaii, Iowa, Indiana, Alabama, Oklahoma, Louisiana, Arkansas, Kentucky, New, Mississippi, West Virginia Top Locations: Connecticut, West Virginia, California, New York, Southern, Mississippi, Iowa, . New Jersey, New Mexico

☆ Why college is getting more expensive
▼ + stars: | 2023-07-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

After adjusting for currency inflation, college tuition has increased 747.8% since 1963, the Education Data Initiative found. But the net price of college — that’s the amount that students and their families are actually shelling out — has been decreasing. The average student at a private four-year college paid $32,800 for tuition and room and board last year. When adjusted for inflation, the actual price paid for private college has dropped by 11% over the past five years, according to College Board data. In a 6-3 decision the Supreme Court struck down the Biden administration's student debt forgiveness program in Biden v. Nebraska.

Persons: Brian Snyder, ”, Megan Brenan, Catharine Hill, “, —, couldn’t, ’ ”, they’ve, Kevin Dietsch, Joe Biden’s, Biden Organizations: New, New York CNN, College, US News, Harvard University, Harvard, Reuters, Education Data Initiative, Georgetown University Center, Education, Gallup, Vassar College, “, ”, National Education Association, Foreign Relations, Economic, Institute, luxe, ” Colleges, American, of Trustees, NEA, College Board, U.S, Supreme, Biden, . Nebraska Locations: New York, Cambridge , Massachusetts, United States, “, Washington , DC, .

☆ 2 big takeaways from the Supreme Court ruling on Biden's student loan forgiveness plan
▼ + stars: | 2023-07-16 | by ( Annie Nova | ) www.cnbc.com time to read: +4 min

Supreme Court justices listen to arguments. U.S. Supreme Court Chief Justice John G. Roberts poses during a group portrait at the Supreme Court in Washington, U.S., October 7, 2022. They pointed out that the lender's revenue was actually expected to rise because of some student loan servicers recently leaving the space and it picking up extra accounts. "I was surprised the court found Missouri had standing," said higher education expert Mark Kantrowitz. That law was passed in the aftermath of the 9/11 terrorist attacks, and grants the president broad power to revise student loan programs during national emergencies.

Persons: Bill Hennessey, Joe Biden's, John Roberts, Roberts, John G, Evelyn Hockstein, servicers, Mark Kantrowitz, Luke Herrine, Antonin Scalia, Herrine, Elena Kagan, Kagan Organizations: Biden, Finance, GOP, Missouri Higher Education Loan Authority, Supreme, Reuters, University of Alabama, Liberal, U.S . Department of Education Locations: — Arkansas, Iowa , Kansas , Missouri , Nebraska, South Carolina, . Nebraska, Missouri, Washington , U.S, delinquencies

☆ 'This fight is not over': What to know about Biden's new plan to forgive student debt
▼ + stars: | 2023-07-12 | by ( Annie Nova | ) www.cnbc.com time to read: +5 min

President Joe Biden announces new actions on June 30, 2023 to protect borrowers after the Supreme Court struck down his student loan forgiveness plan. Biden had hoped to move quickly canceling people's student debt, promising people the relief within six weeks of them completing their paperwork. Unlike Biden's first attempt to forgive student debt quickly through an executive order, this time he's turning to the rulemaking process. It's unlikely that Biden's Plan B for student loan forgiveness will be successful, Kantrowitz said. He expects the president's second attempt at forgiving student debt to be met by many of the same lawsuits as the first.

Persons: Joe Biden, Chip Somodevilla, overreach, John Roberts, Roberts, Biden, Lyndon B, Johnson, Chuck Schumer, didn't Biden, Herrine, Trump, Biden's, Kantrowitz, Luke Herrine Organizations: U.S . Department of Education, Republican, Supreme, GOP, South Carolina —, Job, Network Foundation, Biden, . Nebraska, Education Department, Higher, University of Alabama Locations: delinquencies, — Nebraska , Missouri , Arkansas , Iowa , Kansas, South Carolina, .

☆ AOC urges Congress to consider 'subpoenas' if Chief Justice Roberts won't testify about SCOTUS gift scandal
▼ + stars: | 2023-07-03 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Rep. Alexandria Ocasio-Cortez floated a possible subpoena for Chief Justice John Roberts. Roberts has declined to testify before the Senate about ethical issues surrounding the court. "And so I believe that ... if Chief John Roberts will not come before Congress for an investigation voluntarily, I believe that we should be considering subpoenas," Ocasio-Cortez told CNN's Dana Bash on "State of the Nation" on Sunday. "This SCOTUS' corruption undercuts its own legitimacy by putting its rulings up for sale," Ocasio-Cortez wrote on Twitter after the decision. While Republicans control the House, Ocasio-Cortez pointed out that Senate Democrats are investigating the numerous reports about unreported gifts to the justices through the powerful Senate Judiciary Committee.

Persons: Alexandria Ocasio, Cortez, John Roberts, Roberts, —, CNN's Dana Bash, Samuel Alito's, Paul Singer, Singer, Alito, Dick Durbin's Organizations: Service, Privacy, Democratic Rep, New York Democrat, Biden, Manhattan Institute, . Nebraska, Twitter Locations: Alexandria, . Nebraska, Alaska, ., Ocasio, United States

☆ The Supreme Court Cancels Biden’s Student Loan Power Grab
▼ + stars: | 2023-07-01 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Wonder Land: Americans don’t want to forfeit forever their views on abortion or other personal issues. Images: Reuters/Associated Press Composite: Mark KellyNo President in memory has exceeded the powers of his office more than Joe Biden, and the Supreme Court keeps telling him he can’t get away with it. The latest rebuke arrived Friday when a 6-3 majority cancelled his unilateral decision to cancel $430 billion in student debt in Biden v. Nebraska.

Persons: Mark Kelly, Joe Biden, can’t Organizations: Associated, Biden Locations: . Nebraska

☆ The Supreme Court ruled Biden used the wrong law to cancel student debt. He's trying again with a different one.
▼ + stars: | 2023-07-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

On Friday, the Supreme Court decided in a 6-3 ruling that Biden's plan to cancel up to $20,000 in student debt cannot move forward. The majority ruled that the states had standing to involve MOHELA in their case, and the law Biden used to cancel student debt demonstrated an overreach of authority. "I believe that the Court's decision to strike down our student debt relief plan is wrong," he added. "Despite this legally unsound Supreme Court decision, the President has the clear authority under the Higher Education Act of 1965 to cancel student debt. "The President has additional legal tools to cancel student debt — and he should use them.

Persons: —, Joe Biden's, it's, Friday's, Brown, Biden, John Roberts, Vermont Sen, Bernie Sanders, Sanders, Massachusetts Sen, Elizabeth Warren, Warren, What's, Mr, Virginia Foxx, Ayanna Pressley, Miguel Cardona, Pressley, Cardona Organizations: Biden, Service, Supreme, US Department of Education, . Nebraska, Administration, Department, Higher, Biden Administration, Democratic, Legal Services Center of Harvard Law School, Massachusetts, Education Department, Republican, Education Locations: ., Vermont, Massachusetts

☆ Bernie Sanders slams 'devastating blow' of striking down student-loan forgiveness, saying Supreme Court justices should run for office if they want to make policy
▼ + stars: | 2023-06-30 | by ( Juliana Kaplan | Eliza Relman | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Sen. Bernie Sanders released a lengthy statement condemning the Supreme Court's ruling on student debt. Sanders also called on the Biden administration to immediately implement a "Plan B" to help borrowers. A slew of Democratic lawmakers issued statements on Friday condemning the Supreme Court's decision and urging the Biden administration to take additional action to get borrowers relief. She said the court's role is to stay away from making policy and policy judgments; but, in cases like this, the court instead makes itself the arbiter of policy. "In my view, if right-wing Supreme Court justices want to make public policy they should quit the Supreme Court and run for political office.

Persons: Sen, Bernie Sanders, Sanders, Biden, —, Joe Biden, Alito, Cortez, Samuel Alito, Biden's, Brown, Elena Kagan Organizations: Service, Democratic, US Department of Education, . Nebraska, GOP Locations: Vermont, .

☆ The Supreme Court strikes down Biden's student-loan forgiveness plan, blocking debt relief for millions of borrowers
▼ + stars: | 2023-06-30 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The Supreme Court struck down Biden's student-loan forgiveness plan. It ruled that the relief under Biden's current plan is illegal and cannot move forward. In November, two conservative-backed lawsuits succeeded in pausing the implementation of Biden's debt relief plan, just one month after applications for the loan forgiveness opened up. "Resuming student debt payments in the middle of an affordability crisis is unconscionable. President Biden needs to deliver on his promise to cancel student debt," Khanna wrote on Twitter.

Persons: —, Joe Biden's, Pell Grant, Biden, Brown, Miguel Cardona, Ro Khanna, Alexandria Ocasio, Cortez, Khanna, We're Organizations: Service, Republican, US Department of Education, Department of Education, . Nebraska, Democratic, —, The Education Department, Education, Supreme, Twitter, Politico, Higher Locations: . Nebraska, ., Alexandria

☆ Alexandria Ocasio-Cortez warns of 'economic crisis for millions of people' after SCOTUS threw out Biden's plan for student-debt forgiveness
▼ + stars: | 2023-06-30 | by ( Eliza Relman | Noah Sheidlower | Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Rep. Ocasio-Cortez condemned the Supreme Court's ruling striking down Biden's student debt plan. She also accused the Supreme Court of corruption. "Justice Alito accepted tens of thousands of dollars in lavish vacation gifts from a billionaire who lobbied to cancel the student loan forgiveness," Ocasio-Cortez tweeted. The New York Democrat noted that the SCOTUS ruling does not strip away Biden's ability to pursue student-loan forgiveness. Schumer and other Democrats similarly accused Supreme Court justices of hypocrisy and corruption by receiving gifts from billionaires, while denying millions of needy Americans debt relief.

Persons: Cortez, —, Alexandria Ocasio, Joe Biden's, Samuel Alito, Alito, Brown, Biden, SCOTUS, Donald Trump, Chuck Schumer, MAGA, Schumer Organizations: New, New York Democrat, Biden, Service, US Department of Education, . Nebraska, GOP, Department of Education, Higher, Democratic, MAGA Republican Locations: New York, Alexandria, Cortez, .

☆ Biden mocks Republicans for accepting pandemic relief funds while opposing student loan forgiveness: 'My program is too expensive?'
▼ + stars: | 2023-06-30 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

President Joe Biden tore into Republicans for opposing his student loan forgiveness plan. The PPP loans were aimed at keeping business afloat during the pandemic by providing critical backstops to meet payroll and other limited needs. "College loan forgiveness benefits one person and undermines the basic principles of personal responsibility." The Sarasota Republican had over $2.7 million in forgiven PPP loans and interests for car dealerships connected to him. A spokesperson for the Oklahoman blasted Biden for suggesting there was something wrong with opposing student loan forgiveness in light of accepting PPP money.

Persons: Joe Biden, Biden, —, John Roberts, Roberts, Chuck Edwards, Edwards, Vern Buchanan, Buchanan, Kevin Hern, Hern, Miranda Dabney Organizations: Service, Friday's, White, Biden, . Nebraska, North Carolina Republican, Asheville Citizen Times, Florida Republican, Sarasota Republican, Tampa Bay Times ., Oklahoma Republican, Oklahoman Locations: ., Florida, Oklahoma

A White House fact sheet from months ago showed how many people could have benefited. It showed the number of people who applied or were automatically eligible for debt relief before lawsuits paused applications. "Overall, more than 40 million borrowers would qualify for the Biden Administration's debt relief program," the fact sheet stated. These borrowers owe a combined $1.6 trillion in student-loan debt, according to the White House. Many Democrats slammed the ruling while vowing to keep fighting for student-loan forgiveness, urging Biden to take unilateral action to get American borrowers relief.

Persons: Joe Biden's, —, Alexandria Ocasio, Cortez, Biden, Brown Organizations: Supreme, Service, Department of Education, Biden, Rep, York, Higher, US Department of Education, . Nebraska, GOP, Republicans Locations: Puerto Rico, Washington, DC, Texas, California, Alexandria, Cortez of, .

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