Economy & Business, Politics

Biden Doubles Down on Student Loan Boondoggle

The Biden administration doubled down on its move to cancel student debt for millions of borrowers after a federal judge nixed the controversial program.

U.S. District Judge Mark Pittman in the Northern District of Texas declared the debt cancellation plan illegal on Thursday evening in response to a lawsuit filed by the Job Creators Network Foundation’s Legal Action Fund. The student loan cancellation plan would eliminate $10,000 in debt for borrowers earning under $125,000 per year and $20,000 for students who attended college using Pell Grants.

White House Press Secretary Karine Jean-Pierre said in a statement that an appeal has already been filed. “The President and this administration are determined to help working and middle-class Americans get back on their feet, while our opponents – backed by extreme Republican special interests – sued to block millions of Americans from getting much-needed relief,” she remarked. Read more…

You Might Also Like