{"id":2153495,"date":"2024-01-19T08:43:02","date_gmt":"2024-01-19T13:43:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-ignores-supreme-court-cancels-another-74000-student-loans\/"},"modified":"2024-01-19T09:43:46","modified_gmt":"2024-01-19T14:43:46","slug":"biden-ignores-supreme-court-cancels-another-74000-student-loans","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-ignores-supreme-court-cancels-another-74000-student-loans\/","title":{"rendered":"Biden disregards Supreme Court, cancels 74,000 more student loans"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/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%2Fbiden-ignores-supreme-court-cancels-another-74000-student-loans%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=2153495&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--><h2>Biden Administration Cancels Student\u200c Loans for \u206274,000 Borrowers<\/h2>\n<p style=\"font-weight: 400;\">In an exciting announcement\u2062 on Friday, the Biden administration revealed that \u2064they were canceling\u200b the \u200bloans of an additional 74,000 student\u2064 loan borrowers. This move brings \u200dthe total number of Americans who have\u200c had their debt canceled to over 3.7 million.<\/p>\n<h3>Supreme Court Clash<\/h3>\n<p style=\"font-weight: 400;\">Interestingly, the Biden \u2063administration has\u2064 been at odds with the Supreme Court regarding their student loan relief \u200dplan. Last June, the\u200d Supreme Court struck down Biden&#8217;s\u2062 plan, stating that it had \u2063not been\u2062 approved by Congress. The \u200bdecision was split 6-3, with the conservative justices\u200b voting against the plan and the leftist\u2063 justices \u200dopposing them. Chief Justice John Roberts argued that the 2003 Higher Education Relief Opportunities for Students Act (HEROES \u2063Act) cited by the \u2063Biden administration did not grant the Secretary of Education the power to unilaterally\u2064 alter the economy.<\/p>\n<h3>Biden&#8217;s\u200d Legal Defense<\/h3>\n<p style=\"font-weight: 400;\">Despite the Supreme\u2064 Court&#8217;s ruling, President Biden maintains that his administration \u2062is acting within the bounds of the \u200claw. He claims that his administration has made\u2062 necessary \u200cfixes\u200c to the \u200cbroken student loan programs, ensuring that borrowers receive the relief they are entitled\u2063 to. President Biden remains determined to find alternative \u200dpaths to deliver\u2063 student debt relief to as many borrowers as possible.<\/p>\n<h3>The 2003 Heroes Act<\/h3>\n<p style=\"font-weight: 400;\">The\u2064 2003 Heroes Act, enacted after\u200b the 9\/11 attacks, allows the Secretary of \u2064Education \u2063to waive or modify provisions\u2063 related to student financial assistance \u200dprograms in the event of a national\u200c emergency. However, the \u2062Supreme Court\u2062 argued that the Act does not authorize \u2063the Secretary&#8217;s loan forgiveness program and \u2063that the power \u2064to \u200d&#8221;modify&#8221; only allows for minor changes, not fundamental alterations.<\/p>\n<p><b><a href=\"https:\/\/onelink.to\/dwapp\" target=\"_blank\" rel=\"noopener noreferrer\" aria-describedby=\"sk-tooltip-9096\" data-saferedirecturl=\"https:\/\/www.google.com\/url?q=https:\/\/onelink.to\/dwapp&#038;source=gmail&#038;ust=1702741302552000&#038;usg=AOvVaw0j7iIgqNi0bR5AgQ4rgPM4\">CLICK \u2064HERE TO GET THE DAILYWIRE+ APP<\/a><\/b><\/p>\n<p>\u00a0<\/p>\n<h2>What is the significance of the Biden administration&#8217;s cancellation of \u2063loans for an\u2064 additional 74,000 borrowers?<\/h2>\n<p>\u2063 O \u2062have their student loans canceled by the Biden administration to over 350,000.<\/p>\n<p>The cancellation \u200cof\u2063 student loans has\u200d been a \u200ckey campaign promise of\u2063 President Joe\u2062 Biden. In his plan to reform the <a title=\"Judge dismisses lawsuit against Biden's student loan forgiveness plan.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-judge-dismisses-lawsuit-challenging-bidens-student-loan-forgiveness-plan\/\">student loan \u200csystem<\/a>, he stated that he intended to provide relief to millions of Americans burdened by high student loan debt. With this recent announcement, it is clear that the administration is following \u2063through on that promise.<\/p>\n<p>The cancellation of loans for 74,000 additional borrowers is \u200da significant step towards alleviating the financial burden \u200cfaced by many Americans. Student loan debt has reached unprecedented levels in the United States, surpassing $1.7 trillion. This enormous debt has had a detrimental impact on\u200d the lives of countless individuals, preventing them from achieving financial stability and hindering\u2064 their ability to invest\u200b in their futures.<\/p>\n<p>The criteria for eligibility for loan \u2063cancellation were provided by the Department of Education. Borrowers who had been defrauded by their institutions, such as \u2062those who attended for-profit colleges that made false\u2064 promises about job prospects and earnings \u200cpotential, were prioritized for \u200bloan cancellation. Additionally, borrowers with disabilities who \u200bwere\u200c unable to work and earn income to repay their loans, as well as those\u2064 who had applied for loan discharge due to a disability but were denied, were also eligible for loan cancellation.<\/p>\n<p>This initiative by the Biden administration is commendable for several reasons.\u200b First and foremost, it provides much-needed relief to thousands of borrowers who\u200c had\u2062 been taken advantage of by predatory \u200binstitutions. These borrowers were victims of false advertising and deceptive practices, which \u2064ultimately resulted in them being \u200cburdened\u2063 with \u2064an insurmountable amount of\u200b debt. The cancellation of their loans not only gives them a fresh start but also\u2062 sends a \u2062strong message to these institutions that such practices will not be\u200c tolerated.<\/p>\n<p>Secondly, the cancellation \u200cof loans for borrowers with\u2063 disabilities reflects a commitment to promoting inclusivity and accessibility. Those with disabilities often face numerous challenges in accessing education and employment \u200copportunities.\u2063 By canceling their loans, the Biden administration is acknowledging these challenges \u2062and taking steps towards rectifying the inequalities faced by individuals with disabilities.<\/p>\n<p>Furthermore, this \u2064move by the Biden administration \u2064is\u200b a significant step towards addressing the <a title=\"The Fifteen Craziest College Classes Taught in America Today\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-fifteen-craziest-college-classes-taught-in-america-today\/\">student loan crisis<\/a> in the United States. While the cancellation of loans for 74,000 borrowers may seem like a\u200b drop in the\u2062 bucket when compared to the \u2064total number of \u2064Americans burdened by student loan debt,\u2062 it is an important step towards finding a solution. It sets a precedent and opens\u2063 the door for\u200c further actions in \u200bthe future.<\/p>\n<p>However, it is \u2063important to note that the\u2062 cancellation of loans for 74,000 borrowers is not a comprehensive \u200dsolution to the <a title=\"Biden's student loan forgiveness extends till 2024 election: A last-ditch effort.\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/\">student loan \u2062crisis<\/a>. More needs to be done to address the\u200c root causes of \u2062the problem and provide \u200brelief to all borrowers\u2063 who are struggling\u200b with debt. It is crucial for the \u2063government to continue \u200bexploring\u2063 other avenues, such \u2064as <a title=\"Biden Admin to Allow 40k Borrowers to Have Student Loans Eligible for Public Service Loan Forgiveness Program\" href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-admin-to-allow-40k-borrowers-to-have-student-loans-eligible-for-public-service-loan-forgiveness-program\/\">income-driven repayment plans<\/a> and increased funding for education, to ensure \u2064that all\u2064 Americans have access to affordable \u200deducation and are not weighed down by excessive debt.<\/p>\n<p>In conclusion, the Biden administration&#8217;s announcement to cancel loans for an additional 74,000 borrowers is a significant step towards providing relief to Americans burdened by student loan debt. It reflects a commitment to rectifying\u2063 the injustices \u200cfaced by borrowers who were taken advantage of by predatory institutions and demonstrates a dedication to promoting inclusivity and accessibility for individuals with disabilities. While this action is commendable, it is important to continue \u2062working towards comprehensive solutions to address the student loan crisis and ensure\u2064 that all Americans have access to affordable education.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the Biden administration canceled loans for 74,000 more student borrowers, bringing the total number of debt cancellations to over 3.7 million Americans. Despite the Supreme Court&#8217;s rejection of Biden&#8217;s relief plan in June, his administration continues to disregard it<\/p>\n","protected":false},"author":60,"featured_media":2153496,"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":"Biden disregards Supreme Court, cancels 74,000 more student loans","footnotes":""},"categories":[541],"tags":[],"class_list":["post-2153495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"Biden disregards Supreme Court, cancels 74,000 more student loans","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2153495","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\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2153495"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2153495\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2153496"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2153495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2153495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2153495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}