{"id":1961382,"date":"2023-06-30T12:13:02","date_gmt":"2023-06-30T16:13:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scotus-rules-on-student-loan-forgiveness\/"},"modified":"2023-06-30T12:15:34","modified_gmt":"2023-06-30T16:15:34","slug":"scotus-rules-on-student-loan-forgiveness","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scotus-rules-on-student-loan-forgiveness\/","title":{"rendered":"SCOTUS decides on student loan forgiveness."},"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\">12<\/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%2Fscotus-rules-on-student-loan-forgiveness%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=1961382&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--><div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(Photo by JIM WATSON\/AFP via Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/roy-francis\">Roy Francis<\/a><br \/>9:05 AM \u2013 Friday, June 30, 2023<\/p>\n<p>The Supreme Court has blocked the Biden Administration\u2019s student loan debt handout program on Friday.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote data-service=\"twitter\" data-category=\"marketing\" data-placeholder-image=\"https:\/\/c3.oann.com\/wp-content\/plugins\/complianz-gdpr\/assets\/images\/placeholders\/twitter-minimal.jpg\" class=\"cmplz-placeholder-element twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING \u2013 YOUR REACTION: The U.S. Supreme Court has just ruled that the <a href=\"https:\/\/twitter.com\/JoeBiden?ref_src=twsrc%5Etfw\">@JoeBiden<\/a> administration cannot go forward with its student loan debt handout program. In a 6-3 decision, the court held that federal law does not allow the Secretary of Education to cancel more than $430\u2026 <a href=\"https:\/\/t.co\/GnpJOw7n0x\">pic.twitter.com\/GnpJOw7n0x<\/a><\/p>\n<p>\u2014 Simon Ateba (@simonateba) <a href=\"https:\/\/twitter.com\/simonateba\/status\/1674797746417725441?ref_src=twsrc%5Etfw\">June 30, 2023<\/a><\/p><\/blockquote>\n<p><script type=\"text\/plain\" data-service=\"twitter\" data-category=\"marketing\" async data-cmplz-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script> <\/div>\n<\/figure>\n<p>The 6-3 <a href=\"https:\/\/www.supremecourt.gov\/opinions\/22pdf\/22-506_nmip.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">ruling<\/a> held that federal law does not allow the president to cancel the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/scotus-rules-on-student-loan-forgiveness\/\" title=\"SCOTUS decides on student loan forgiveness.\">current federal student loan debt<\/a>, which is roughly around $430 billion, without authorization from Congress. \u00a0<\/p>\n<p>The program would have forgiven up to $10,000 for qualified individuals who make under $125,000 per year and $20,000 for Pell Grant recipients. However, the program which was launched in August 2022, was blocked in November and put on hold by court orders.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThe Secretary\u2019s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/supreme-court-strikes-down-biden-student-loan-forgiveness-program\/\" title=\"SCOTUS invalidates Biden's student loan forgiveness plan.\">plan canceled roughly 0 billion<\/a> of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-tears-into-bidens-student-loan-plan-election-enhancing-money-grab\/\" title=\"Trump Tears Into Biden\u2019s Student Loan Plan: \u2018Election Enhancing Money Grab\u2019\">federal student loan balances<\/a>, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600,\u201d Chief Justice John Roberts wrote. \u201cSix States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.\u201d<\/p>\n<\/blockquote>\n<p>Republicans had initially argued that President Joe Biden did not have the authority to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/over-90-republicans-demand-pelosi-respond-to-bidens-student-loan-forgiveness-plan\/\" title=\"Over 90 Republicans Demand Pelosi Respond to Biden\u2019s Student Loan Forgiveness Plan\">unilaterally forgive student loans<\/a>, saying that the plan would cost taxpayers around $400 billion to being with.<\/p>\n<p>They further argued that the program would not be fair to those who had paid their way through college, repaid their loans or never attended, saying that they should not have to pay for someone else\u2019s education.<\/p>\n<p>A White House source said that President Joe Biden strongly disagrees with the decision and said that he blames Republicans for the decision. He also said that he plans to announce new actions to protect student loan borrowers later on Friday according to News Fox Digital.<\/p>\n<p>Republicans had laid out their own plan to address the growing education costs in the country in June. The Senate Republicans had presented a plan that would make sure student understood the real costs of college before attending or accepting loans. The Republican plan would also cancel loan programs that \u201cdo not result in salaries that are high enough to justify those loans.\u201d<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cThis would prevent some of the worst examples of students being exploited for profit. It would force schools to bring down cost and to compete for students. What an idea,\u201d Sen. Tommy Tuberville, R-Ala., said of the bill. \u201cIt would also protect students from getting buried in debt they can never, ever pay.\u201d<\/p>\n<\/blockquote>\n<p>The Biden administration had accepted around 16 million applicants as eligible for the program before it was put on hold by the court in 2022.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Vivek Ramaswamy<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Dave Brat<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ryan Fournier<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Chris Markowski<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BENGALURU (Reuters) -Embattled Indian edtech startup Byju\u2019s is looking for investors to sell a part of its stake in the educational institute\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>BENGALURU (Reuters) -Embattled Indian edtech startup Byju\u2019s is looking for investors to sell a part of its stake in the educational institute\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Tobin LONDON (Reuters) \u2013 British Prime Minister Rishi Sunak\u2019s government on Friday asked London\u2019s High Court to stop a public\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>By Sam Tobin LONDON (Reuters) \u2013 British Prime Minister Rishi Sunak\u2019s government on Friday asked London\u2019s High Court to stop a public\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Supreme Court blocked Biden&#8217;s student loan debt program, ruling against the administration&#8217;s handout.<\/p>\n","protected":false},"author":2062,"featured_media":1961383,"comment_status":"open","ping_status":"closed","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":[542],"tags":[],"class_list":["post-1961382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"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\/1961382","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\/2062"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1961382"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1961382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1961383"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1961382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1961382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1961382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}