REJECTED: Biden's student loan handout suffers another major legal blow
The 5th circuit court case, brought by plaintiffs Myra Brown and Alexander Taylor, is one of two decisions preventing the U.S. Department of Education to move forward with the student loan program which is estimated to cost over $400 billion.The case is separate from a legal challenge filed by several Republican-led states, which was last decided by the 8th Circuit Court.
The Biden administration claims the Higher Education Relief Opportunities for Students 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 andargue the Biden administration’s decision to forgive a portion of federal student loan debt is an"unlawful" abuse of HEROES.
is a pretext to mask the President’s true goal of fulfilling his campaign promise to erase student-loan debt," the states wrote.
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