{"id":1872541,"date":"2023-03-09T04:57:13","date_gmt":"2023-03-09T09:57:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-headaches-pile-up-as-lawsuit-targets-repayment-pause\/"},"modified":"2023-03-09T04:59:31","modified_gmt":"2023-03-09T09:59:31","slug":"bidens-student-loan-headaches-pile-up-as-lawsuit-targets-repayment-pause","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-headaches-pile-up-as-lawsuit-targets-repayment-pause\/","title":{"rendered":"Biden&#8217;s student loan headaches pile up as lawsuit targets repayment pause"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-student-loan-headaches-pile-up-as-lawsuit-targets-repayment-pause%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1872541&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\">\n<div id=\"Brid_77784583\" class=\"brid\" style=\"width:16; height:9;\" itemprop=\"video\" itemscope itemtype=\"http:\/\/schema.org\/VideoObject\">                <meta itemprop=\"name\" content=\"White House says it has no backup plan if student loans gambit fails\">               <meta itemprop=\"description\" content=\"The White House said on Thursday it has no backup plan if the Supreme Court strikes down its $400 billion student debt transfer. The high court heard arguments in two lawsuits on Feb. 28, each brought by plaintiffs arguing the debt transfer is illegal. More than 26 million people stand to benefit from the program, with some eligible to receive up to $20,000, but will be left holding their original debt if the court decides it's unconstitutional.\">               <meta itemprop=\"duration\" content=\"PT1M53S\">               <meta itemprop=\"uploadDate\" content=\"2023-03-02 18:42:02\">               <meta itemprop=\"thumbnailURL\" content=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2023\/03\/localimages\/1252836_th_1677784569.jpg\">               <meta itemprop=\"contentUrl\" content=\"https:\/\/cdn.brid.tv\/live\/partners\/19383\/sd\/1252836.mp4\">              <\/div>\n<p>               <script type=\"text\/javascript\"> var _bp=_bp||[]; _bp.push({ \"div\": \"Brid_77784583\", \"obj\": {\"id\":\"27789\",\"width\":\"16\",\"height\":\"9\",\"video\":\"1252836\"} }); <\/script>               <script type=\"text\/javascript\" async src=\"https:\/\/services.brid.tv\/player\/build\/brid.min.js\"><\/script>              <\/div>\n<\/p><\/div>\n<p><span class=\"ArticlePage-articleBody-firstLetter\">T<\/span>He <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/biden-administration\">Biden administration<\/a> the courtroom once more. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/student-loans\">student loans<\/a>This time, it is about the 3-year-old repayment pause. <\/p>\n<p>SoFi Bank is a publicly traded company that refinances student loan debts. <a class=\"Link\" href=\"https:\/\/www.nbcnews.com\/politics\/joe-biden\/sofi-bank-sues-block-bidens-student-loan-payment-pause-rcna73925\">sued<\/a> He argued that there is no connection between the pandemic and the pause. <\/p>\n<p><b><a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/supreme-skepticism\">SUPREME SKEPTICISM: JUSTICES SEEM DISINCLINED TO VALIDATE FORGIVENESS PROGRAM<\/a><\/b> <\/p>\n<p>&#8220;The eighth extension does not even attempt to redress harm from the pandemic at all, but rather to alleviate \u2018uncertainty&#8217; caused by the debt-cancellation litigation,&#8221; SoFi claims in the suit. <\/p>\n<p>The lawsuit claims that this is different from the previous seven extensions which were meant to assist struggling borrowers in the wake of the pandemic. The lawsuit states that this pretense has been abandoned and that the Education Department is unable to use the HEROES Law of 2003 as legal justification. <\/p>\n<p>Then-President<a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\"> Donald Trump<\/a> The President initiated the pause in March 2020, extended it two times before he resigned. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\">Joe Biden<\/a> he has added his own extensions to it. <\/p>\n<p>Biden will benefit from the suit. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/supreme-skepticism\">student loan headaches<\/a>. On the presidential campaign trail, he pledged to eliminate student debt. <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-mass-student-loan-forgiveness-program\">announced a $400 billion debt transfer<\/a> The Supreme Court could be a factor in the outcome of the midterm elections 2022 <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/supreme-skepticism\">rule that plan illegal<\/a>. <\/p>\n<p>Republican leaders were pleased with the latest suit. <\/p>\n<p>&#8220;President Biden sees the writing on the wall,&#8221; Virginia Foxx, Chairwoman of the House Education and Workforce Committee (R-NC), said. &#8220;His student loan bailout plan is floundering in the Supreme Court, and he&#8217;s clinging to this half-measure to make good on a campaign promise that he doesn&#8217;t have the authority to keep. I support SoFi&#8217;s efforts to lift the pause on loan repayments and urge this administration to work with Congress to tackle student loan reform head-on.&#8221; <\/p>\n<p>SoFi is an American company based in California. It started out refinancing Stanford University students&#8217; student loans. Later, it expanded its reach to other universities and financial products. The $5 billion SoFi Stadium is where the NFL&#8217;s Los Angeles Rams &#038; Chargers plays. It is reportedly $30 million per year. <\/p>\n<p>According to the company, it will lose $6 million due to borrowers who have effectively extended their pause. <\/p>\n<\/div>\n<p><\/p>\n<hr>\n<p>&#8220;Read more from <a href=\"https:\/\/www.washingtonexaminer.com\/news\/white-house\/biden-student-loan-repayment-pause\">Biden&#8217;s student loan headaches pile up as lawsuit targets repayment pause<\/a>&#8221;<\/p>\n<hr>\n<p><span style=\"font-size:11px\"><em>&#8220;The views and opinions expressed here are solely those of the author of the article and not necessarily shared or endorsed by Conservative News Daily&#8221;<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>THe Biden administration the courtroom once more. student loansThis time, it is about the 3-year-old repayment pause. SoFi Bank is a publicly traded company that refinances student loan debts. sued He argued that there is no connection between the pandemic and the pause. SUPREME SKEPTICISM: JUSTICES SEEM DISINCLINED TO VALIDATE FORGIVENESS PROGRAM &#8220;The eighth extension &hellip;<\/p>\n","protected":false},"author":1,"featured_media":1896798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[3706,14899,4585,8248,4782,15586,21077,5135,4841],"class_list":["post-1872541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner","tag-bidens","tag-headaches","tag-lawsuit","tag-loan","tag-pause","tag-pile","tag-repayment","tag-student","tag-targets"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1872541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1872541"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1872541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1896798"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1872541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1872541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1872541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}