Biden Doubles Down On Student Loan Cancellation Despite Federal Ruling | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    The Biden administration doubled down on its move to cancel student debt for millions of borrowers after a federal judge nixed the controversial program.

    U.S. District Judge Mark Pittman in the Northern District of Texas declared the debt cancellation plan illegal on Thursday evening in response to a lawsuit filed by the Job Creators Network Foundation's Legal Action Fund. The student loan cancellation plan would eliminate $10,000 in debt for borrowers earning under $125,000 per year and $20,000 for students who attended college using Pell Grants.

    White House Press Secretary Karine Jean-Pierre said in a statement that an appeal has already been filed. "The President and this administration are determined to help working and middle-class Americans get back on their feet, while our opponents - backed by extreme Republican special interests - sued to block millions of Americans from getting much-needed relief," she remarked. "We will never stop fighting for hardworking Americans most in need - no matter how many roadblocks our opponents and special interests try to put in our way."

    The Department of Education has received applications from 26 million individuals seeking student loan cancellation, of which 16 million have been approved. Jean-Pierre added that the agency will "hold onto their information so it can quickly process their relief once we prevail in court."

    The complaint from the Job Creators Network Foundation, a conservative advocacy group, contends that the student loan elimination policy violated the notice-and-comment processes mandated by the Administrative Procedure Act. Other parties, including multiple conservative state attorneys general, have likewise filed suit over the debt cancellation effort.

    Job Creators Network Foundation President Elaine Parker celebrated the judge's decision in a statement provided to The Daily Wire. "The court has correctly ruled in favor of our motion and deemed the Biden student loan program illegal," she said. "The judge criticized the Biden administration program, calling it 'one of the largest exercises of legislative power without congressional authority in the history of the United States.' This ruling protects the rule of law which requires all Americans to have their voices heard by their federal government."

    The White House has also extended the pause on federal student loan repayment to January 2023 and will permit borrowers with undergraduate loans to cap payments at 5% of monthly income. One estimate from the Congressional Budget Office predicts that the overall cost of the debt elimination could reach $400 billion, with another $20 billion incurred by the extended pause on repayments.

    "This attempted illegal student loan bailout would have done nothing to address the root cause of unaffordable tuition: greedy and bloated colleges that raise tuition far more than inflation year after year while sitting on $700 billion in endowments," Parker continued. "We hope that the court's decision today will lay the groundwork for real solutions to the student loan crisis."

    Though President Joe Biden claimed that "not a dime" of the debt cancellation will benefit the top 5% of earners, data have indicated that student loan forgiveness largely helps individuals who are poised to earn the most from their degrees, as graduate-level education is often necessary for the most lucrative professions. A report from the Brookings Institution observed that one-third of student debt is owed by the wealthiest 20% of households, while only 8% is owned by the bottom 20%.

Considering what is being reported as the most divisive presidential speech - September 1, 2022 - in modern American history, where over 74,000,000 people, many of whom are OUR greatest patriots, were named as fascists by inference or otherwise: Is Joe Biden clearly capable of governing all of the American People to the betterment of this Representative Republic?
  Yes, it is important that Haters are named.
  No, Joe Biden cannot accept criticism when the real truth is his cruelest taskmaster.
  I have no idea what is going on because I only consume Democratic Socialist Media.
629 total vote(s)     What's your Opinion?

After one full year of the Biden /Harris Administration: Does Joe Biden have the intellectual capacity, and, or the energy to lead the United States of America through the mess that he predominately created ... in just one year?
1,220 total vote(s)     What's your Opinion?

Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )

Trump Follows Up Attack On DeSantis With Bizarre Swipe At Youngkin Daily Wire, Guest Editorial, Editorials, Op-Ed & Politics Famed Comedian Gallagher Dies At 76


Latest Op-Ed & Politics

Lawmakers and privacy experts on both sides of the political spectrum are sounding the alarm on a provision in a spy powers reform bill that one senator described as one of the “most terrifying expansions of government surveillance” in history
given to illegals in Mexico before they even get to US: NGOs connected to Mayorkas
committee gets enough valid signatures to force vote on removing Oakland, CA's Soros DA
other pro-terrorist protests in Chicago shout "Death to America" in Farsi


Only two of the so-called “three Johns” will be competing to replace Sen. Mitch McConnell (R-KY) as leader of the Senate GOP.
House Judiciary Chair Jim Jordan (R-OH) is looking into whether GoFundMe and Eventbrite cooperated with federal law enforcement during their investigation into the financial transactions of supporters of former President Donald Trump.
Turkish diplomatic sources say he did
Popularity of government leader crashes, even among his own party members.
Wisconsin voters ban private money, nonprofits from the election process after 2020 ‘Zuckerbucks’ controversy; spotlight now on 22 states that still allow it.


6 month old baby fighting for life after mother killed; policewoman finally arrives, shoots knifeman


Back to Top