{"id":2085413,"date":"2023-10-31T14:43:04","date_gmt":"2023-10-31T18:43:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-agency-makes-new-student-loan-proposal-months-after-supreme-court-order\/"},"modified":"2023-10-31T14:46:03","modified_gmt":"2023-10-31T18:46:03","slug":"federal-agency-makes-new-student-loan-proposal-months-after-supreme-court-order","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-agency-makes-new-student-loan-proposal-months-after-supreme-court-order\/","title":{"rendered":"Federal agency proposes new student loan rules following Supreme Court order."},"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%2Ffederal-agency-makes-new-student-loan-proposal-months-after-supreme-court-order%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=2085413&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 data-post-content=\"true\" class=\"post_content\" id=\"post_content\">\n<p>The \u2063Biden \u2062administration\u2062 has made significant revisions to its \u2062<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-faces-criticism-from-democrats-and-republicans-over-student-loan-relief-plan\/\" title=\"Biden Faces Criticism From Democrats and Republicans Over Student Loan Relief Plan\">student loan relief plan<\/a> following its rejection by the U.S. Supreme Court earlier this year.<\/p>\n<div class=\"my-5\">\n<p>On \u2062Monday, the Department\u200c of Education (DOE) <a href=\"https:\/\/www2.ed.gov\/policy\/highered\/reg\/hearulemaking\/2023\/index.html\" target=\"_blank\" rel=\"noopener\">released\u2063 a draft text<\/a> that \u2062revealed a narrower approach to student debt forgiveness. Instead of \u200ba blanket rule that would cancel debt\u2062 for 45 million borrowers,\u2064 the new plan would only\u200c apply\u2064 to \u200dspecific groups of students.<\/p>\n<\/p><\/div>\n<p>The \u2064original proposal, announced by President\u200c Joe Biden, promised up to $20,000 in debt relief for low- and middle-income individuals. However, the Supreme Court struck\u200c it \u2063down in June.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/us\/supreme-court-to-look-into-whether-public-officials-can-block-citizens-on-social-media-5520188?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">Supreme Court to Look\u200c Into Whether\u200b Public Officials Can \u2064Block Citizens on Social Media<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/31\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/us\/supreme-court-to-look-into-whether-public-officials-can-block-citizens-on-social-media-5520188?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/opinion\/supreme-court-to-scrutinize-biden-administrations-alleged-big-tech-censorship-machine-5518219?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">Supreme Court to\u2064 Scrutinize Biden Administration&#8217;s Alleged Big Tech Censorship Machine<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/31\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/opinion\/supreme-court-to-scrutinize-biden-administrations-alleged-big-tech-censorship-machine-5518219?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Secretary\u2063 of Education Miguel Cardona expressed the administration&#8217;s commitment to helping borrowers who have been failed by \u2063the student loan system. He stated that \u200cthe draft proposals would\u200d build upon the $127 billion in \u2064loan forgiveness already \u200capproved for nearly 3.6 million borrowers \u2063by the Biden-Harris \u2064Administration.<\/p>\n<p>The \u200bfull details of the plan have\u2064 not yet been released by the DOE. However, \u2062it aims to cancel some\u200d or\u200d all student debt for borrowers in specific categories, such\u200b as those with\u200d balances exceeding their original amount, those\u2063 with\u2064 loans from\u2062 25 or more years ago, and those who attended career-training \u2063programs that resulted in excessive debt or \u200cinsufficient earnings. The plan also considers\u2063 borrowers eligible for other loan\u200c forgiveness programs who did not apply,\u2063 as well as those\u200c facing financial hardship not adequately \u200daddressed\u200c by the current system.<\/p>\n<div class=\"shortcode post-related-videos\">\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>The draft does not provide information on the number of borrowers affected by the new plan \u2063or \u200dits cost.<\/p>\n<p>The DOE intends to refine the proposal through a federal rulemaking process\u200d and will \u200dseek written\u200d feedback from the public next year. If implemented,\u200d the proposal would grant the department the authority to \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-agency-makes-new-student-loan-proposal-months-after-supreme-court-order\/\" title=\"Federal agency proposes new student loan rules following Supreme Court order.\">completely eliminate federal student loans<\/a> for certain \u200cborrowers.<\/p>\n<p>The Biden administration has already\u2064 canceled over $120 billion in federal \u2062student loan debt through existing\u2063 forgiveness programs for specific individuals.<\/p>\n<p>While President Biden initially called for a plan to assist as many borrowers as\u2063 possible, his administration appears to be \u2062moving away \u200bfrom mass cancellation. The estimated cost of the previous $400 billion plan is unknown for the \u200crevised\u200d proposal.<\/p>\n<p>Since October, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-what-each-of-bidens-42-executive-orders-will-actually-do\/\" title=\"Here\u2019s What Each Of Biden\u2019s 42 Executive Orders Will Actually Do\">federal student loan payments<\/a> have resumed after being paused due to the COVID-19\u200c pandemic. However, concerns have\u2064 been raised about potential issues as \u200bloan servicers, who are understaffed, handle the repayment of millions of borrowers simultaneously.<\/p>\n<div class=\"post-figure\">\n<figure style=\"width:600px\" class=\"alignnone\"><figcaption>President Joe Biden speaks \u200dduring a news conference in \u200cthe Rose\u2062 Garden of the White House in Washington, on Oct. 25, 2023. (The Canadian Press\/Manuel Balce Ceneta)<\/figcaption><\/figure>\n<\/p><\/div>\n<p>Opponents of the plan \u200bargue that it is unfair to those who do not require debt relief or\u200c have\u2062 already repaid their loans. They accuse the \u2064Biden administration \u2064of using it\u200b as a\u2063 means to gain favor with college-age voters. Some also \u200cclaim\u2063 that it places an unjust burden \u200bon taxpayers who did not attend college and \u2063worry \u200cthat it may incentivize universities to further increase tuition \u200cprices.<\/p>\n<div class=\"my-5\">\n<p>Representative Virginia Foxx (R-N.C.)\u200d criticized the \u200badministration,\u200d stating, &#8220;Taxpayers just got sucker punched\u2014again\u2014by this \u2064administration,&#8221; in reference\u2063 to an earlier version of\u200c the plan. &#8220;Today, President Biden announced that \u2063taxpayers will be forced \u2063to pay for \u200dthe costliest\u2063 regulation in\u2063 our nation&#8217;s\u2063 history.&#8221;<\/p>\n<h2>Supreme Court&#8217;s Ruling<\/h2>\n<p>In a\u2063 6\u20133 ruling against the \u2062original $400\u200b billion plan, \u200dthe Supreme Court declared that the administration had exceeded its authority and \u2063bypassed Congress. Chief\u200c Justice John Roberts \u2063wrote, &#8220;The authority to &#8216;modify&#8217; \u200dstatutes and regulations allows the Secretary\u200c to make modest adjustments and additions to existing provisions, not transform them.&#8221;<\/p>\n<p>The Biden administration had relied\u200c on the HEROES \u200bAct, \u200ba federal statute, to propose \u2064the\u200c initial plan, but \u200bthe \u200dcourt\u200c ruled against it.<\/p>\n<p>Justice Elena Kagan \u200cdissented, \u2063arguing that it\u2062 was the\u200d Supreme \u2063Court, not the \u2064federal government, that engaged in \u2064&#8221;overreach.&#8221;\u2064 She stated,\u2063 &#8220;The plaintiffs in \u200cthis case are \u2062six States that have no personal stake in the Secretary&#8217;s loan forgiveness \u2064plan. They are classic ideological plaintiffs: They think the plan a very\u2063 bad idea, \u2063but they \u2064are no\u200c worse off \u2064because the\u200b Secretary differs.&#8221;<\/p>\n<\/p><\/div>\n<p><em>The Associated Press contributed to this report.<\/em><\/p>\n<\/div>\n<p> <\/p>\n<h2> What specific groups of students will be eligible for debt forgiveness under the new plan?<\/h2>\n<p><span>  The Biden administration has made significant revisions to its student loan relief plan following its rejection by the U.S. Supreme Court earlier\u200d this year. On Monday,\u200c the Department of Education (DOE) released a\u2062 draft text that revealed a\u2064 narrower approach to student debt\u200b forgiveness. The new plan would only apply to specific groups of students, rather than a blanket rule that \u2064would\u2063 cancel debt\u2063 for 45 million \u2064borrowers.<\/p>\n<p>The original proposal, announced by President Joe \u200dBiden, promised up \u200dto\u2064 $20,000 in\u200b debt relief for low- and middle-income individuals. \u200dHowever, the Supreme Court struck it down in June.<\/p>\n<p>These revisions to the student loan \u200brelief plan reflect the Biden administration&#8217;s efforts to \u2064find a \u200cmore targeted approach\u2063 to addressing the issue of student debt. By focusing\u200c on \u200cspecific groups of students, the plan aims to \u2064provide\u200b relief to those who are\u2063 most in need.<\/p>\n<p>While the original \u2062proposal aimed to provide debt relief to a wide range of borrowers, the narrower approach acknowledges that not all borrowers \u2062face the same financial challenges. By targeting specific groups,\u2062 such as low-income borrowers or those \u2062who attended for-profit colleges, the plan aims to \u2063address\u2062 the \u200bunique circumstances faced by these individuals.<\/p>\n<p>The release of the draft text by the\u200b DOE\u200b marks an important step in the process of revising\u200b the student\u200d loan relief plan. It signals the \u200badministration&#8217;s commitment\u200d to finding \u200ca\u2062 workable solution that can pass \u200blegal scrutiny.\u200d By taking into account \u200cthe Supreme Court&#8217;s rejection of the original\u2062 proposal, the\u200b Biden administration is\u200d adjusting its\u200c approach to ensure that any new plan can withstand legal challenges.<\/p>\n<p>However, it is worth noting that the revised plan \u200bmay \u2063still face opposition and criticism. Critics argue that the\u2062 narrower approach may exclude borrowers who\u2064 are\u2062 also\u2062 in need of debt\u200b relief. They argue that debt cancellation should be a\u2064 broader and more inclusive solution.<\/p>\n<p>The student loan relief plan is a complex issue with far-reaching implications. It affects millions of borrowers and has significant economic consequences. As the Biden administration continues to work on finalizing the revised\u200d plan, it is essential to consider the needs of all borrowers and ensure that any solution is fair and\u200c equitable.<\/p>\n<p>In conclusion, the Biden administration&#8217;s revisions \u2063to the student \u2063loan relief plan reflect a more targeted\u200b approach to addressing the issue of\u2062 student \u200bdebt. By focusing on specific groups \u200cof students, the plan aims to provide relief to those who are most in need. \u200dHowever, the revised plan may still face opposition and criticism, as some argue for a broader and more inclusive solution. As the\u200d administration\u200c finalizes the plan, it is crucial to consider the needs of all borrowers and ensure a fair and equitable solution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>to borrowers who were defrauded by their schools. This revision comes after the Supreme Court ruled that the previous plan, which aimed to provide relief to all borrowers, exceeded the DOE&#8217;s authority. The new proposal aims to target those who have been victims of fraudulent practices, providing them with much-needed financial relief.<\/p>\n","protected":false},"author":58,"featured_media":2085414,"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":[543],"tags":[],"class_list":["post-2085413","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"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\/2085413","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\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2085413"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2085413\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2085414"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2085413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2085413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2085413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}