Education

LOAN RAGER: Biden Dealt Big Loss on Student Loan Handout, Denied by Federal Appeals Court

posted by Hannity Staff - 12.01.22

President Biden is having a tough time with his promised student loan handout.

According to a report from Fox News, the Biden Administration was dealt a tough blow on Wednesday when a federal appeals court denied his request to reinstate his student loan forgiveness plan, court documents show. Biden is trying to forgive hundreds of billions of dollars in loans.

From Fox News:

In court documents filed Wednesday, the 3-judge panel unanimously chose not to override a decision by U.S. District Judge Mark Pittman on Nov. 10, which called the student loan handouts unlawful and temporarily suspended it.

The Biden administration claims the Higher Education Relief Opportunities for Students (HEROES) Act of 2003 gives it the authority to forgive $10,000 in student loan debt per borrower under a national emergency.

In the legal challenge, Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolinaargue the Biden administration’s decision to forgive a portion of federal student loan debt is an “unlawful” abuse of HEROES.

“The Act requires a real connection to a national emergency. But the Department’s reliance on the COVID-19 pandemic is a pretext to mask the President’s true goal of fulfilling his campaign promise to erase student-loan debt,” the states wrote.

The states added: “Hiding the real motive, the agency attempts to connect the Cancellation to the pandemic by citing current economic conditions supposedly caused by COVID-19. But those conditions are not directly attributable to the pandemic, so the Department has failed to adequately link the Cancellation to a national emergency.”

Biden is hoping the Supreme Court will intervene and is still “confident” that his “student debt relief plan is legal.”

More over at Fox News:

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