Biden’s Latest Student Debt Bailout Plan Faces Legal Challenge From Think Tanks | Eastern North Carolina Now

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

    The latest version of President Joe Biden's student debt bailout, scaled back after its defeat in the Supreme Court, is again facing legal challenges.

    Biden's new plan involves forgiving the federal student loans of 800,000 borrowers worth roughly $39 billion. Two think tanks challenged it in a lawsuit filed on Friday, according to Fox Business.

    New Civil Liberties Alliance filed the legal challenge last week in Michigan on behalf of the Mackinac Center for Public Policy and the Cato Institute. The lawsuit argues that the Department of Education is overstepping its authority with the forgiveness plan and asks the judge to rule it illegal.

    The lawsuit is "a desperate attempt from right wing special interests to keep hundreds of thousands of borrowers in debt," the Education Department said in a statement, according to the Associated Press. "We are not going to back down or give an inch when it comes to defending working families."

    Biden's original student debt forgiveness plan called for relieving up to $20,000 worth of federal debt for an estimated 43 million borrowers. The administration faced a couple of legal challenges, and it was ultimately thwarted after several states argued it would illegally relieve loans that they had agreed to service, costing the states up to tens of millions of dollars every year.

    The Supreme Court ruled the plan unconstitutional on June 30, knocking down Biden's attempt at fulfilling a campaign promise that had always appeared to be in doubt.

    Roughly two weeks later, on July 14, the administration rolled out its next, scaled-back version.

    "For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness," Education Secretary Miguel Cardona said in a statement at the time. "Today, the Biden-Harris Administration is taking another historic step to right these wrongs and announcing $39 billion in debt relief for another 804,000 borrowers. By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans. This Administration will not stop fighting to level the playing field in higher education."

poll#145

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?

  Yes

  No

  Unsure

1,222 total vote(s)     What's your Opinion?

poll#169

Considering how abjectly corrupt and civilly abusive the Left has become regarding the corrosive effect of their elected leaders; their entrenched and ruling bureaucracy; employing their failed Education Industry as Indoctrinators; their collusive private sector operators, such as the terminally discredited Legacy Media and Big Tech censorship of Free Speech: What will be the best course forward for hardworking Middle Americans, including the Patriot Class?

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  Work within the confines of better policy by the People's government, once good sense and sanity is restored in the electorate at large, to achieve such.

  Are you a crazy, nut-job Insurrectionist? Everything is perfect within our plan to achieve our intended goals for the Socialist Left.

  Secession to form a true Constitutional Republic.

439 total vote(s)     What's your Opinion?

poll#175

Understanding that this fragile Republic of the self-governed is in a precarious space in our nation's vast history: What is your honor bound patriotic duty in helping to sustain the continuance of these United States of America?

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  I am very concerned about maintaining my current life style without working. I was told that as long as I vote Democrat, I had nothing to worry about ... but now I worry.

296 total vote(s)     What's your Opinion?