{"id":580862,"date":"2023-07-01T01:03:09","date_gmt":"2023-06-30T22:03:09","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/student-loan-debt-and-the-supreme-court-five-takeaways\/"},"modified":"2023-07-01T01:03:09","modified_gmt":"2023-06-30T22:03:09","slug":"student-loan-debt-and-the-supreme-court-five-takeaways","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/","title":{"rendered":"#Student loan debt and the Supreme Court: Five takeaways"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3be3098b391\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3be3098b391\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/#Biden_takes_a_loss_on_a_campaign_promise\" >Biden takes a loss on a campaign promise<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/#Biden_isnt_going_down_without_a_fight\" >Biden isn\u2019t going down without a fight<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/#Decision_signals_courts_skepticism_of_executive_branch_action\" >Decision signals court\u2019s skepticism of executive branch action<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/#Borrowers_remain_stuck_with_heavy_debt\" >Borrowers remain stuck with heavy debt<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/student-loan-debt-and-the-supreme-court-five-takeaways\/#Theres_a_big_campaign_fight_to_come\" >There\u2019s a big campaign fight to come<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/news-illustration_062823mm-getty-gn_scotus-student-loans.png?w=900\" \/><\/p>\n<div>\n<p>The Supreme Court on Friday struck down President Biden\u2019s student debt relief plan, with the court\u2019s six conservatives ruling the administration did not have the power to forgive loans for more than 40 million borrowers.<\/p>\n<p>The decision is a major win for Republicans who declared the plan unfair and balked at the $400 billion price tag it would have cost.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>White it\u2019s a defeat for the White House, Biden later on Friday announced a new plan to provide relief to borrowers through the Higher Education Act. It\u2019s unclear who would ultimately qualify under the new plan and how much relief they would receive.\u00a0<\/p>\n<p>Here are five takeaways from the big decision:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biden_takes_a_loss_on_a_campaign_promise\"><\/span><strong>Biden takes a loss on a campaign promise<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Biden promised borrowers on the 2020 campaign trail that he would deliver $10,000 in student debt relief if he became president.\u00a0<\/p>\n<p>His plan to deliver that relief by tying it to the COVID-19 pandemic was his first shot at delivering on his promise. That\u2019s now dead in the water.\u00a0<\/p>\n<p>The president is already looking to pin the issue on Republicans, who have been vocal in their opposition to the plan and opposed legislative measures to provide relief.<\/p>\n<p>\u201cYou know, these Republican officials just couldn\u2019t bear the thought of providing relief to working-class, middle-class Americans,\u201d Biden said in his remarks after the court\u2019s decision.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Biden is also catching flack from his primary opponent Robert F. Kennedy Jr. for his plan failing at the Supreme Court.<\/p>\n<p>\u201cThe unfortunate SCOTUS ruling striking down President Biden\u2019s #studentloan forgiveness program was the predictable result of Biden\u2019s failure to bring Congress together on this issue of crucial importance to young Americans,\u201d Kennedy said.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biden_isnt_going_down_without_a_fight\"><\/span><strong>Biden isn\u2019t going down without a fight<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biden quickly announced another path to debt relief for borrowers through the Higher Education Act (HEA), although it will take much longer to see an end result.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>Under the HEA, advocates have long argued the Education secretary has the power to forgive student loans.\u00a0<\/p>\n<p>Biden said Education Secretary Miguel Cardona took the first step Friday in the \u201crulemaking\u201d process by sending out a notice to create the new regulation geared towards debt relief. The next step will be a public hearing with written comments from stakeholders on July 18.\u00a0<\/p>\n<p>In the notice, the administration argues the authority for student debt relief in the HEA falls under the section that relates to \u201cmodification, waiver, or compromise of Federal student loans.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>The negotiated rulemaking process could last well into the end of 2023, but Biden said they are going to move \u201cas quickly as possible.\u201d\u00a0<\/p>\n<p>Another step the administration announced for borrowers is a 12-month \u201con ramp\u201d plan for repayments. From October 2023 to September 2024, borrowers who miss payments will not be considered delinquent or in default and won\u2019t get reported to credit bureaus or collection agencies.\u00a0<\/p>\n<p>\u201cIf you can pay your monthly bills you should, but if you cannot, if you miss payments, this on-ramp temporarily removes the threat of default or having your credit harmed,\u201d Biden said.<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<h2><span class=\"ez-toc-section\" id=\"Decision_signals_courts_skepticism_of_executive_branch_action\"><\/span><strong>Decision signals court\u2019s skepticism of executive branch action<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The court once again invoked the \u201cmajor-questions doctrine\u201d in striking down the administration\u2019s plan that would have had vast implications on the economy.\u00a0<\/p>\n<p>The doctrine says that Congress must give direct authorization for the executive branch to implement a policy that has major economic and political impacts on the country.\u00a0<\/p>\n<p>Chief Justice John Roberts argued in the decision the HEROES Act, which was authorized after 9-11 as a way to give loan relief during times of war and other emergencies, did not provide that authorization.<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>\u201cThe HEROES Act provides no authorization for the Secretary\u2019s plan even when examined using the ordinary tools of statutory interpretation \u2014 let alone \u2018clear congressional authorization\u2019 for such a program,\u201d Roberts wrote in the majority opinion.<\/p>\n<p>The doctrine was used in other major cases against the Biden administration such as the federal eviction moratorium during the pandemic and Biden\u2019s plan to require companies with a certain number of employees to implement a vaccination or test policy during COVID-19.\u00a0<\/p>\n<p>It could also signal trouble for Biden\u2019s new student debt relief plan that conservatives are already threatening to challenge in court.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<p>\u201cJob Creators Network Foundation is weighing its legal options to fight these bailout workarounds when they are finalized,\u201d the organization behind one of the student debt relief cases this year said after Biden announced his new plan.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Borrowers_remain_stuck_with_heavy_debt\"><\/span><strong>Borrowers remain stuck with heavy debt<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The decision to strike down student debt is a major blow to the more than 40 million Americans who would have benefited from the relief.\u00a0<\/p>\n<p>While some Americans have so much in student loans that the relief might have not made a huge impact, the average student loan borrower has around\u00a0$30,000 in debt.\u00a0<\/p>\n<p>The relief would have cut the average student loan borrower\u2019s debt by one-third, helping a significant number of borrowers.\u00a0<\/p>\n<p>Biden\u2019s new plan for debt relief has to undergo a long process before it could be finalized, with the high possibility of another drawn-out court battle also lingering over it.<\/p>\n<p>It also won\u2019t be known for some time the final details of how much debt relief borrowers could receive and who will qualify for it.\u00a0<\/p>\n<p>While Biden\u2019s additional student debt relief plan and \u201con ramp\u201d repayment process is likely welcomed by many, it also adds to the confusion student loan borrowers have had for months about their situation.\u00a0\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Theres_a_big_campaign_fight_to_come\"><\/span><strong>There\u2019s a big campaign fight to come<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Student loan debt is poised to be a huge issue on the campaign trail in 2024.<\/p>\n<p>Biden is signaling he\u2019ll run against the Supreme Court and GOP lawmakers on a host of court actions that includes student loans as well as abortion rights.<\/p>\n<p>The president will be hoping that young voters will see electing he and other Democrats as a way to get action on student debt.<\/p>\n<p>Yet Biden risks those voters being dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointed in his lack of success on the effort so far.<\/p>\n<p>Some already see his latest proposal as too weak an action and are criticizing the White House for not proposing a stronger plan that would give borrowers relief faster.<\/p>\n<p>\u201cBiden\u2019s Plan B is designed to fail Biden is doing the opposite of fighting for cancellation,\u201d The Debt Collective said. \u201cHe is sabotaging any chance that future administrations will be able to cancel student debt.\u201d<\/p>\n<p>Republicans are already decrying the new student loan forgiveness plan Biden has proposed and lawsuits are almost certainly coming his way.\u00a0<\/p>\n<p>Yet they also may need to worry about a backlash to the court, which has swung to the right of the country on some issues.<\/p>\n<p>What\u2019s unclear is whether student debt, and issue that can divide voters along generational lines, is one of those issues.<\/p>\n<p>\u201cToday, President Biden announced that taxpayers will be forced to pay for the costliest regulation in our nation\u2019s history, which will only exacerbate inflated college costs and excessive debt balances,\u201d Chairwoman of the House Education and Workforce Committee Virginia Foxx (R-N.C.) said. \u201cAdditionally, Biden confirmed plans to ignore the law and extend the repayment pause while also ignoring the Supreme Court and still trying to do blanket loan forgiveness. What the President is pushing is illegal, inflationary, and irresponsible.\u201d<\/p>\n<\/div>\n<p>Copyright 2023 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/regulation\/court-battles\/4076813-five-takeaways-on-the-supreme-courts-student-debt-decision\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court on Friday struck down President Biden\u2019s student debt relief plan, with the court\u2019s six conservatives ruling the administration did not have the power to forgive loans for more than 40 million borrowers. The decision is a major win for Republicans who declared the plan unfair and balked at the $400 billion price&#8230;<\/p>\n","protected":false},"author":1,"featured_media":580863,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/06\/news-illustration_062823mm-getty-gn_scotus-student-loans.png?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[134344,134343,134418,134353,134661,141609,90482,991,87287,134614,134525,12178,71404],"class_list":["post-580862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administration","tag-campaign","tag-congress-blog","tag-court-battles","tag-energy-environment","tag-evening-report","tag-house","tag-joe-biden","tag-john-roberts","tag-judiciary","tag-student-debt","tag-student-loan-forgiveness","tag-supreme-court"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/580862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=580862"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/580862\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/580863"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=580862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=580862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=580862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}