Biden’s New Student Loan Mistake Enrages Everyone

On Saturday, the Biden government started alerting Americans who sought for student loan forgiveness that their applications had been approved, despite the fact that the contentious program is still being litigated in federal court.

Last month, President Joe Biden announced a website where Americans could enter basic information to verify their eligibility for debt forgiveness. According to Business Insider, some individuals were sent an email from Secretary Of education Miguel Cardona stating that they were “qualified for loan remission” following an assessment of their application. “We have forwarded this approval to your loan servicer,” read the statement. “There is no need for you to take any further action.”

Cardona stated on social media that candidates need not “panic” if they do not receive the email right away since “more are on the way.” He also stated that the admin. is confident in its legal power to carry out its program.

The promise of loan forgiveness happens despite various lawsuits opposing the scheme, which has been put on hold following a judgment by the United States Court of Appeals for the Eighth Circuit.

Last Monday, State Attorney Elizabeth Prelogar urged the Supreme Court to rule if the administration’s strategy could be continued. “The Eighth Circuit’s wrongful order puts millions of economically deprived borrowers in limbo, unsure of the extent of their debt and powerless to make financial decisions based on an informed view of their future repayment responsibilities,” she said.

If the program is upheld in court, the Dept. of Education will forgive $10,000 in student loan debt for millions of borrowers making below $125,000 a year, as well as $20,000 for Pell Grant students.

Multiple Republican attorney generals filed the action, which was given standing by the Eighth Circuit, alleging that the White House unlawfully bypassed Congress when creating the student debt plan. The authorities cited the recent Supreme Court decision in West Virginia v. EPA, which stated that government entities are not permitted to exercise “extremely important jurisdiction beyond what Congress could properly be thought to have granted.”

“The Biden government’s Mass Debt Discharge represents yet another example in a long string of unconstitutional regulatory measures,” the complaint contended. “There is no provision that allows President Biden to suddenly release millions of people from their obligation to pay back loans they voluntarily took.”