Bitch ASS NIGGAS
US judges block parts of key Biden student debt plan
Nate RaymondJune 24, 20246:16 PM EDTUpdated 2 hours ago
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
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Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
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The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
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The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
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Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
Bitch ASS NIGGAS
US judges block parts of key Biden student debt plan
Nate RaymondJune 24, 20246:16 PM EDTUpdated 2 hours ago
A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden's bid to... Purchase Licensing Rights Read more
June 24 (Reuters) - Two federal judges in Kansas and Missouri on Monday sided with several Republican-led states and partially blocked Democratic President Joe Biden's administration from moving forward with a key student debt relief initiative that would cost billions of dollars.
U.S. District Judge Daniel Crabtree in Wichita, Kansas, blocked the U.S. Department of Education from proceeding with parts of a plan set to take effect July 1 designed to lower monthly payments and speed up loan forgiveness for millions of Americans.
He ruled shortly before U.S. District Judge John Ross in St. Louis, Missouri, issued a preliminary injunction barring the department from granting further loan forgiveness under the administration's Saving on a Valuable Education (SAVE) Plan.
The SAVE Plan provides more generous terms than past income-based repayment plans, lowering monthly payments for eligible borrowers and allowing those whose original principal balances were $12,000 or less to have their debt forgiven after 10 years.
Advertisement · Scroll to continue
Biden announced the SAVE Plan in 2022, alongside a separate, broader plan that would have fulfilled a campaign promise by cancelling up to $20,000 in debt for up to 43 million Americans.
That plan would have canceled about $430 billion in debt but was blocked by the conservative-majority U.S. Supreme Court in June 2023 after several Republican-led states challenged it. But the Supreme Court's ruling did not address the SAVE Plan.
Advertisement · Scroll to continue
The White House has said that over 20 million borrowers could benefit from the SAVE plan. The administration in May said that 8 million are already enrolled, including 4.6 million whose monthly payments have been reduced to $0.
But Republican state attorneys general in a pair of lawsuits filed beginning in March argued the rule that created the SAVE Plan was unlawful and the Education Department lacked authority to create it.
Advertisement · Scroll to continue
The administration had estimated the SAVE Plan would cost $156 billion over 10 years. But the states said that estimate assumed the Supreme Court would uphold the broader student debt plan and as a result will now cost $475 billion over a decade.
Eleven states sued in Kansas, though Crabtree earlier this month dismissed eight of their claims while finding that South Carolina, Texas and Alaska "just barely" had legal standing to pursue their case. Six other states had sued in Missouri.
Get weekly news and analysis on the U.S. elections and how it matters to the world with the newsletter On the Campaign Trail. Sign up here.
Reporting by Nate Raymond in Boston; Editing by Leslie Adler and David Gregorio
Our Standards: The Thomson Reuters Trust Principles.
Purchase Licensing Rights
Nate Raymond reports on the federal judiciary and litigation. He can be reached at nate.raymond@thomsonreuters.com.
See DC this is the shit that grinds my gears...And just for everyone reading this, the DOJ already is preparing to file an appeal, and this lawsuit only blocked the new parts of the SAVE plan, such as:
• lower minimum payment to 5% of discretionary income
• balances of $12,000 total borrowed or less forgiven after 10 years
Whatever current SAVE plan you have, doesn't seem to be affected.
Edit: Apparently the IDR adjustment wasn't blocked
See DC this is the shit that grinds my gears...
You get these hoe ass niggas from time to time cry and complain about what ain't being done but when some shit gets done its crickets. Then when the reich-wing actively inhibits progress, they don't send that same energy and vigor and smoke toward the GOP way.
This dude has never taken any responsibility for his own actions