Biden Administration Transfers Nearly $6 Billion in Student Debt Held by Public-Service Employees to Taxpayers

[RicoSuave102954]

Bumbling Joe Bidens latest handout just stuck every taxpayer in America with somebody else's college bill.

The Biden administration’s latest student-debt handout will cost nearly $6 billion and benefit 78,000 public-service employees.

Biden’s executive actions to forgive student-loan debt comes after the Supreme Court blocked the White House from erasing over $400 billion of debt under the HEROES Act. The president promised to defy the Supreme Court in the wake of the ruling last year and figure out alternative paths to debt forgiveness. Since becoming president, Biden has forgiven over $130 billion in student-loan debt.

Shifting that debt to all taxpayers.

MSN

 

[binsfeldcyhawk2]

GOP-led states sue in attempt to block Biden's student loan repayment plan​

Eleven Republican-led states are suing the Biden administration over its latest efforts to provide student debt relief for millions of borrowers.
Why it matters: The administration introduced the Saving on a Valuable Education (SAVE) plan after the U.S. Supreme Court blocked President Biden's signature student loan forgiveness program last June in a majority ruling that said the plan exceeded the federal government's authority.

Driving the news: "Last time Defendants tried this the Supreme Court said that this action was illegal," states the lawsuit, filed in the U.S. District Court for the District of Kansas.

• "Nothing since then has changed, other than introducing more legal errors into this Rule's underlying analysis."

The big picture: The Biden administration has pledged to lower student debt burdens and give borrowers breathing room with student loan repayment programs such as the income-driven SAVE plan.

• However, some Republicans have characterized Biden's effort as a "bailout for the wealthy."
• The Kansas-led lawsuit is seeking to have the SAVE plan immediately halted. The attorneys general from Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas and Utah joined the suit.

What they're saying: Kansas Attorney General Kris Kobach (R) said in a Facebook post: "Aside from the fact that Biden's loan forgiveness plan is unlawful for multiple reasons, it's also wrong."

The other side: "The Biden-Harris Administration won't stop fighting to provide support and relief to borrowers across the country — no matter how many times Republican elected officials try to stop us," an Education Department spokesperson said in a statement to media.

https://www.axios.com/2024/03/29/student-debt-cancel-lawsuit-republicans-biden-save

 

[SoFla-Hawkeye]

Bumbling Joe Bidens latest handout just stuck every taxpayer in America with somebody else's college bill.

The Biden administration’s latest student-debt handout will cost nearly $6 billion and benefit 78,000 public-service employees.

Biden’s executive actions to forgive student-loan debt comes after the Supreme Court blocked the White House from erasing over $400 billion of debt under the HEROES Act. The president promised to defy the Supreme Court in the wake of the ruling last year and figure out alternative paths to debt forgiveness. Since becoming president, Biden has forgiven over $130 billion in student-loan debt.

Shifting that debt to all taxpayers.

MSN

Now tell us about republican lawmakers who took out PPP loans

 

[Scruddy]

Missouri is suing him again over this, the AG announced yesterday. They handed biden an L when he tried to do this before. They'll do it again now. Missouri gonna go 3 for 3 against biden in the Supreme Court.

 

[cohawk]

Bumbling Joe Bidens latest handout just stuck every taxpayer in America with somebody else's college bill.

The Biden administration’s latest student-debt handout will cost nearly $6 billion and benefit 78,000 public-service employees.

Biden’s executive actions to forgive student-loan debt comes after the Supreme Court blocked the White House from erasing over $400 billion of debt under the HEROES Act. The president promised to defy the Supreme Court in the wake of the ruling last year and figure out alternative paths to debt forgiveness. Since becoming president, Biden has forgiven over $130 billion in student-loan debt.

Shifting that debt to all taxpayers.

MSN

Good, I am fully supportive of paying for things that matter like a college education. The GOP effed up the loan program for students so bad it's why we're in this mess. You're an effing idiot dude.