Friday, October 21

Biden's Student Loan Forgiveness Program


A group of Wisconsin taxpayers on Wednesday asked the Supreme Court to block the Biden administration’s student loan forgiveness program while an appeal plays out in a lower court.

The emergency request, filed to Justice Amy Coney Barrett, who handles emergency matters arising from Wisconsin, comes shortly after the administration began accepting applications for the program.

The challengers, the Brown County Taxpayers Association, urged the court to rule that the president’s nationwide debt cancellation plan illegally encroaches on Congress’ exclusive spending power.

“The assault on our separation of powers — and upon the principle that the spending power is vested solely in Congress — is extraordinary, and perhaps unprecedented,” they wrote in court papers. “We are witnessing a gargantuan increase in the national debt accomplished by a complete disregard for limitations on the constitutional spending authority.”

President Biden announced in August that his administration planned to forgive $10,000 in student loan debt for those making under $125,000 annually and $20,000 for recipients of Pell grants, which assists students from lower-income families.  READ MORE...

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