Student loans

acesfull86 said:
I’m sure allowing 2021 OR 2020 returns made a bunch of additional well off folks eligible. I’d imagine there are a lot of relatively high earners who understandably had a rough year in 2020 that they were always going to bounce back from (and already did).
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Yeah my wife was doing her fellowship in 2020.

This program is a complete laughing stock
 
It was only done to buy votes, so I wonder how interested they’ll be in fighting once the midterms pass. If anything, it already served it’s purpose.
 
Do I have this right? The original suit was dismissed bc of no standing. The ruling was appealed to the SC, and a SC justice ruled against hearing it. While in the appeals process though, a federal judge did order that no loan be forgiven until the appellate court rule. That it?
 
acesfull86 said:
It was only done to buy votes, so I wonder how interested they’ll be in fighting once the midterms pass. If anything, it already served it’s purpose.
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I mean best case scenario is happening. Dems can hit the campaign trail saying how conservative judges are blocking student loan debt relief. Vote dem to get it passed through congress.
 
zitothebrave said:
I mean best case scenario is happening. Dems can hit the campaign trail saying how conservative judges are blocking student loan debt relief. Vote dem to get it passed through congress.
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If they get it through congress (doubtful), it would probably be 50k
 
msstate7 said:
If they get it through congress (doubtful), it would probably be 50k
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Even if Dems controlled both chambers of congress, I don’t think it would pass. Student debt relief would be too controversial in blue collar states, i.e. the Manchin types would never stomach it.
 
Any time line on the stay blocking forgiveness? I'd imagine if it's lifted, Biden will forgive the applicants already submitted
 
Be interesting to see what Biden does now. Will be appeal? Will he extend pause? Does this only affect the 10k forgiveness part or will it affect the lower monthly payments and forgiveness after 20 years adjustments?
 
He should probably focus on something he can get done. Wasting time and money on **** judges strike down time and time again
 
The main obstacle for those hoping to bring a legal challenge against Biden's plan has been finding a plaintiff who can prove they've been harmed by the policy.

"Such injury is needed to establish what courts call 'standing,'" said Laurence Tribe, a Harvard law professor.

For that reason, Tribe said he was floored by the Texas judge's ruling.

"Judge Pittman's decision was about as wrong and weird as any federal court ruling I can recall reading," Tribe said. "He was wrong to decide the merits without first deciding whether either of the two plaintiffs had standing."

...

Borrowers should sit tight and wait to see what happens, said higher education expert Mark Kantrowitz.

"The program is suspended but the U.S. Department of Education is appealing," Kantrowitz said, "And there were several aspects of the Texas court ruling that are unusual and may yield a successful appeal."

https://www.msn.com/en-us/news/othe...ions-for-student-loan-forgiveness/ar-AA140lbW

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We might not wanna celebrate so quickly
 
Need striker to weigh in. I figured standing was the biggest hurdle. Not sure what the “several unusual aspects” are.

Hopefully we soon get past the various technicalities and finally let the court decide whether it’s constitutional for the executive branch to bail out student loans using the HEROES Act as justification. Which I think we all know the answer to.
 
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