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☆ A conservative group that blocked student-loan forgiveness wants the Supreme Court to take it up as the second case on the matter, arguing that 'Congress never could have fathomed' Biden would cancel
▼ + stars: | 2022-12-08 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A conservative group that blocked Biden's student-debt relief asked SCOTUS to take on the case. The group argued Biden overstepped his authority to enact relief. On Wednesday, the Job Creators Network, a conservative group representing plaintiffs who sued Biden's debt relief in October, wrote in a legal filing that the Supreme Court should take up the case. The group argued that Biden should have gone through the typically rulemaking process and solicited public comment rather than decide to cancel student debt without input from the public or Congress. It's likely the Supreme Court could agree to combine both cases and hear them early next year.

☆ The Supreme Court will hear Biden's student-loan forgiveness case in February. Here's what that means for millions of borrowers waiting for relief.
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The Supreme Court agreed to hear oral arguments on Biden's student-debt relief in February. The good news is that President Joe Biden's debt relief isn't dead in the water — the Supreme Court agreed to hear arguments to the case early next year. In the meantime, all eyes are on the Supreme Court. The issue of standing has long been the focus of not only this specific lawsuit, but the other conservative lawsuits that have sought to block debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter.

☆ Biden's student-loan forgiveness might not be doomed if the Supreme Court strikes it down — he could take another legal path
▼ + stars: | 2022-12-04 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +8 min

Some advocates and lawmakers argue the Higher Education Act can be used to cancel student debt. "I believe it probably would have been better for him to use the Higher Education Act of 1965," Weiss said. The Higher Education Act as an alternativeSome Democratic lawmakers and experts argue that the authority to cancel student debt has always existed under the Higher Education Act. Legal experts have also voiced support for the Higher Education Act. The Education Department did not immediately respond to Insider's request for comment on whether it is considering pursuing alternative routes to debt relief, including via the Higher Education Act.

☆ 9 million student-loan borrowers got an email in November with the wrong subject line informing them their debt relief has been approved. Corrections are coming.
▼ + stars: | 2022-12-03 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

9 million student-loan borrowers received an email in late November with a subject line that their debt relief had been approved. It should have stated the applications had been received, not approved — an error made by an Education Department contractor. However, that subject line was incorrect, Insider has learned — it was simply supposed to inform borrowers that their applications had been received with the subject line: "Update on Student Loan Debt Relief." The department has previously indicated that 26 million student-loan borrowers had already submitted applications for debt relief. "Our student debt relief program is necessary to help 40M eligible Americans struggling under the burden of student loan debt recover from the pandemic," Education Secretary Miguel Cardona wrote on Twitter on Thursday.

Rulings by lower courts in two challenges filed against the debt relief program have put Biden's policy on ice. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. The Congressional Budget Office in September calculated that the debt forgiveness program would cost taxpayers about $400 billion. Biden and his predecessor Trump had invoked the law to pause student loan repayments. Biden on Nov. 22 extended the repayment pause to no later than next June 30 to give the Supreme Court time to decide the case.

WASHINGTON — The Supreme Court on Thursday delayed a decision on whether to grant President Joe Biden's bid to implement his student loan forgiveness plan, announcing instead that it will hear full oral arguments on an expedited basis. In a brief order, the court said it would hear arguments in February with a decision soon to follow. Circuit Court of Appeals on Wednesday refused to lift that hold, meaning that the administration could soon appeal that case to the Supreme Court too. A federal judge had ruled that the states did not have legal standing to pursue the lawsuit, but the appeals court disagreed, focusing on a Missouri agency that services federal student loans. The overall program is anticipated to help more than 40 million borrowers, the administration has said.

☆ Biden's student-loan forgiveness remains blocked after another federal court rejects the administration's attempt to revive its debt relief
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

It was in response to Biden's appeal to the court after a Texas judge blocked the relief. Separately, the Supreme Court is expected to rule on an 8th Circuit decision also blocking relief. On Wednesday night, a three-judge panel in the 5th Circuit Court of Appeals ruled that it would not grant the Biden administration's request to pause a district court decision that blocked the implementation of student-loan forgiveness. The Supreme Court has not yet issued a decision on whether it will grant the Biden administration's request to revive debt relief for millions of borrowers. Now, the fate of student-debt relief appears to rest at the Supreme Court.

Circuit Court of Appeals on Wednesday declined to put that decision on hold, and the administration has said it plans to ask the U.S. Supreme Court to intervene. Biden announced in August that the U.S. government would forgive up to $10,000 in student loan debt for borrowers making less than $125,000 a year, or $250,000 for married couples. A view of the U.S. Supreme Court building on the first day of the court's new term in Washington, U.S. October 3, 2022. "We stand firm against the president's political exploitation of our student loan program just before an election," Peterson said in a statement. Biden on Nov. 22 extended the repayment pause to no later than next June 30 to give the Supreme Court time to decide the case.

☆ Supreme Court takes Biden student debt relief case, holds program for now
▼ + stars: | 2022-12-01 | by ( Dan Mangan | ) www.cnbc.com time to read: +1 min

US President Joe Biden speaks in the Eisenhower Executive Office Building in Washington, D.C., US, on Monday, Oct. 17, 2022. The Supreme Court said Thursday that it will hear arguments in a case challenging the Biden administration's student loan debt relief plan — but kept in place a lower appeals court's nationwide injunction that prevents that program from taking effect for now. The administration on Nov. 18 asked Justice Brett Kavanagh to lift an injunction against the student loan relief program, which would cancel hundreds of billions of dollars in federal debt. Kavanagh is the Supreme Court justice responsible for handling emergency applications arising from 8th Circuit cases. In its order Thursday, the Supreme Court said that consideration of the application to lift the injunction "is deferred pending oral argument."

☆ The Supreme Court rejects Biden's attempt to quickly revive student-loan forgiveness — but it will take up the case early next year
▼ + stars: | 2022-12-01 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

The Supreme Court rejected the Biden administration's attempt to revive student-debt relief. Until then, the loan forgiveness remains blocked. The Court will hear oral arguments to the case in February 2023, but until then, the debt relief remains blocked. Since the end of October, the Education Department stopped processing borrowers' debt relief because the 8th Circuit Court of Appeals placed a temporary stay on the loan forgiveness. On November 14, the 8th Circuit decided the pause will remain in place, prompting Biden's administration to take matters to the Supreme Court and ask it to revive the debt relief.

☆ Why Biden's student-loan forgiveness plan is legal and should be reinstated by the Supreme Court, according to 44 economists, legal experts, and advocates
▼ + stars: | 2022-11-29 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Biden's administration recently asked the Supreme Court to revive its student-debt relief plan. Biden's Justice Department quickly appealed the 8th Circuit's decision and took the issue to the Supreme Court, asking it on November 18 to revive the student-loan forgiveness plan. It's unclear when, or what, the highest court will ultimately decide, but 44 advocates, economists, legal experts, and scholars joined the Biden administration's fight by filing amicus curiae briefs before Thanksgiving supporting the revival of debt relief. As you know, it's up to the Supreme Court, and we're going to continue to fight. Here are the main arguments the experts and advocates used as to why the Supreme Court should reinstate Biden's student-debt cancellation plan.

☆ Meet a Republican who would have all $10,000 of his student loans canceled under Biden's plan but thinks it's an unfair policy
▼ + stars: | 2022-11-27 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

He told Insider he wasn't surprised to see court challenges and worried for people who got refunds. Since Biden announced his plan at the end of August to forgive up to $20,000 in student debt for federal borrowers, the plan has been fraught with legal challenges. I think many of the court challenges have tried to shine light on that," Matthew said. "My generation, the millennial, Gen Z generation, are facing a significant problem with student-loan debt," he said. "This radical scheme must be eviscerated entirely, and Republicans will continue to support legal challenges to achieve that end."

In the past two months, student loan forgiveness has been the target of two high-profile lawsuits. Meanwhile, the Biden administration responded by extending the student loan payment pause yet again. What's happening to student loan forgiveness? Since the status of student loan forgiveness remains in the air, the Biden administration has extended the student loan payment pause until the Supreme Court makes a ruling. Select ranked SoFi Student Loan Refinancing and Earnest Student Loan Refinancing as some of the best companies for refinancing student loans.

☆ Biden announced an extension of the student loan payment pause. These 3 factors will determine when you need to start making payments again.
▼ + stars: | 2022-11-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Biden extended the student-loan payment pause through June 30, 2023 at the latest. The extension was in response to two federal courts that have blocked the debt relief. Payments could resume earlier if lawsuits are resolved before June 30. "So today, @USEDGov is announcing an extension of the pause on student loan repayment, interest, and collections." Even if the lawsuits are not resolved by June 30 and relief has not been permitted, borrowers will still have to resume student-loan payments 60 days after that date.

☆ An architect of the law Biden is using to cancel student debt tells the Supreme Court that the relief falls 'exactly' under the Education Secretary's authority and should be revived
▼ + stars: | 2022-11-23 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Former Rep. George Miller, who constructed the law Biden is using to cancel student debt, filed a brief with the Supreme Court supporting the plan. Miller stood with Biden's request to the court to revive the relief after lower federal courts blocked it. After Biden announced up to $20,000 in broad debt relief for federal borrowers at the end of August, a number of conservative lawsuits arose seeking to block the policy. The Supreme Court should lift the injunction put in place by the Eighth Circuit." Along with Miller, advocates, legal experts, and economists filed a series of briefs to the Supreme Court also expressing support for reviving Biden's debt relief.

☆ Six states urge U.S. Supreme Court to keep block on Biden student debt relief
▼ + stars: | 2022-11-23 | by ( Andrew Chung | ) www.reuters.com time to read: +4 min

In their filing, the states said Biden's administration is trying to "assert power far beyond anything Congress could have conceived." The administration has said the Nov. 14 decision to block the plan leaves millions of economically vulnerable borrowers in limbo. The administration stopped taking applications for student debt relief after that decision. Biden's administration asserts that the pandemic represented such an emergency. That timing, Biden said, would give the Supreme Court time to decide the case before the pause ends.

☆ Biden extends the student-loan payment pause for another 6 months at most as his debt relief remains blocked in court
▼ + stars: | 2022-11-22 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden just announced an extension of the student-loan payment pause no later than June 30, 2023. It comes as the debt relief remains blocked in federal courts. Biden's administration recently asked the Supreme Court to revive the debt relief. "Student debt cancellation will change and save lives, and no eligible borrower should have to pay a dime on their student loans until they receive the up to $20,000 in student debt cancellation they were promised by President Biden." At this point, it's unclear whether the Supreme Court will decide to revive the debt relief or dismiss the administration's appeal.

☆ Republicans are gearing up to investigate Biden's student-debt relief when they take control of the House
▼ + stars: | 2022-11-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

GOP Reps. Virginia Foxx and Jason Smith began oversight actions on Biden's student-debt relief. It comes as Biden's debt relief remains on hold due to rulings from two federal courts. While Democrats maintained control over the Senate in the midterms elections, Republicans managed to win a slim majority over the House — and they're likely to use that power to investigate the Biden administration. They have supported the two lawsuits that have successfully put a pause on the implementation of the debt relief. The department has also taken matters to the Supreme Court, most recently appealing the decision of the 8th Circuit Court of Appeals to continue its pause on Biden's debt relief.

☆ Millions of student-loan borrowers risk a 'financial catastrophe' if Biden doesn't 'immediately' extend the debt payment pause, 225 advocacy groups say
▼ + stars: | 2022-11-21 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Over 200 advocacy groups urged Biden to extend the student-loan payment pause on Monday. After two federal courts blocked the relief, they said borrowers should not have to face payments. Two conservative lawsuits have blocked indefinitely the president's plan to forgive up to $20,000 in student loans for federal borrowers. The advocacy groups argued that until borrowers receive the relief they were promised, they cannot be forced back into repayment. The administration also appealed to a lower court the federal judge in Texas' decision to block the relief two weeks ago.

U.S. President Joe Biden speaks about student loan debt at the White House on Aug. 24, 2022 in Washington, DC. The Biden administration on Friday asked the Supreme Court to reinstate its federal student loan program after a federal appeals court issued a nationwide injunction against the plan. The administration's request, which was previewed in another court filing Thursday, blasted the U.S. Court of Appeals for the 8th Circuit for blocking the debt relief plan. And if the Supreme Court accepts the administration's appeal, if could "set this case for expedited briefing and argument this Term," she wrote. The judge ruled that while the states raised "important and significant challenges to the debt relief plan," they ultimately lacked legal standing to pursue the case.

☆ Biden's administration just asked the Supreme Court to reinstate its student-loan forgiveness plan to 'avoid prolonging this uncertainty for the millions of affected borrowers'
▼ + stars: | 2022-11-18 | by ( Ayelet Sheffey | Oma Seddiq | ) www.businessinsider.com time to read: +3 min

The Biden administration on Friday asked the Supreme Court to revive its student-debt relief plan. It comes after a lower federal court ruled on Monday to keep the relief paused. The Biden administration also told the Supreme Court that the appeal can be considered a formal petition for a full briefing on the dispute "to avoid prolonging this uncertainty for the millions of affected borrowers," Prelogar wrote. Since Biden announced the one-time debt cancellation in August, a number of conservative lawsuits have attempted to block the debt relief. Given the lower courts' rulings blocking the relief, it's unclear how the Supreme Court will intervene.

☆ Biden will ask the Supreme Court to allow his student-loan forgiveness plan to move forward after lower courts blocked the relief
▼ + stars: | 2022-11-17 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +2 min

The 8th Circuit Court blocked Biden's student-debt relief from moving forward on Monday. On Thursday, the Justice Department said it's planning to ask the Supreme Court to reverse that decision. It also appealed another ruling from a Texas judge who declared the debt relief illegal. On Thursday, Politico first reported that the Justice Department is planning to ask the Supreme Court to allow Biden's debt relief plan to move forward. Supreme Court Justice Amy Coney Barrett has already dismissed two requests from different conservative lawsuits that were seeking to block Biden's debt relief, but it's unclear how the Court will rule on the lawsuits Biden's administration is challenging given the lower courts' decisions to block the debt cancellation.

U.S. President Joe Biden delivers remarks regarding student loan debt forgiveness in the Roosevelt Room of the White House on Wednesday August 24, 2022. The Biden administration said in a new court filing Thursday that it will ask the Supreme Court to lift an injunction and allow a major student loan debt relief program to resume. Earlier Thursday, the Biden administration revealed updated guidelines that will make it easier for those struggling with their student debt to discharge it in bankruptcy. "Amidst efforts to block our debt relief program, we are not standing down." "This belief may well stop them from making payments even if the Department is prevented from effectuating debt relief," he wrote.

☆ Student debt forgiveness is on hold for now—here's why it's blocked and what could happen next
▼ + stars: | 2022-11-16 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +9 min

After appearing to clear a number of other legal hurdles, President Joe Biden's student debt forgiveness plan has been blocked. If the president's appeal in Texas is successful, it's likely the plaintiffs will escalate the case to the Supreme Court or vice versa. Still, federal judges are appointed by elected officials, and it so happens the judges striking down Biden's debt forgiveness were nominated by Republican presidents. Aside from appealing in Texas, the president has not yet announced next steps for the debt forgiveness plan or other relief for borrowers. The 8th Circuit Court's decision to keep the block on debt forgiveness for now adds to the likelihood of a Supreme Court case, she says.

☆ Meet the Republican-appointed judges who blocked Biden's student-loan forgiveness
▼ + stars: | 2022-11-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

The judges have a history of conservative rulings on topics ranging from immigration to abortion. Student-loan forgiveness remains blocked until the courts make final decisions. For example, the judge who ruled in the Texas decision compared student-loan forgiveness to a 1933 law that gave Adolf Hitler power, sparking criticism from some legal experts. Here are the judges who deemed student-loan forgiveness illegal for millions of borrowers. Grasz also spent eleven years serving as Nebraska's Chief Deputy Attorney General — one of the six states that sued Biden's student-loan forgiveness plan.

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