Contrary tom the linked piece below?
One would assume that the people in the Biden admin have a plan ‘B’ if the Supreme’s throw out Biden’s and Trump’s dselay and forgivennes action on Student Loans based on the pandemic hardships….
The Biden admin HAS sent refund checks for pandemic payments to the tune of over $300 Million….
If the Supreme’s turn thumbs down on Biden’s ‘forgiveness’?
One would assume that the checks amount would go back on the total amount….
Which means people got advanced a check the government would want BACK…
NOT a good move for Biden if this goes sideways…..
President Biden announced that the national emergency related to the Covid-19 pandemic will end on May 11, over three years after it first began. The official end of the pandemic emergency will impact a wide array of policies — including, potentially, student loan programs.
Several student loan debt relief programs, including the ongoing student loan payment pause and Biden’s one-time student loan forgiveness program, have been directly linked to the ongoing national emergency. Here’s what the change may mean for student loan borrowers.
In response to the economic upheaval caused by the pandemic in March 2020, President Trump used emergency executive authority to pause all payments, freeze interest, and suspend collections for government-held federal student loans. Congress subsequently codified the debt relief through passage of the CARES Act, which provided for six months of paused payments, interest, and collections. As the pandemic and economic fallout wore on, President Trump, and then President Biden, issued multiple short-term extensions of the relief.
Biden’s most recent extension of the student loan pause, issued last November, will continue until June 30, 2023, or when the Supreme Court rules on the President’s one-time student loan cancellation program (whichever occurs first).
Both the Trump and Biden administrations relied on the HEROES Act of 2003 to justify the student loan pause extensions and associated benefits. This statute allows the Education Department to temporarily modify federal student loan programs in response to national emergencies, such as a pandemic….
The Biden administation will likely argue that the end of the pandemic emergency does not undercut its justification for providing broad student loan forgiveness. In a legal brief filed with the Supreme Court earlier this month, Justice Department attorneys argued that, “Several provisions of the HEROES Act underscore Congress’s intent to authorize the Secretary to respond quickly and fully to national emergencies,” and that the statute allows the Education Department to “provide targeted student-loan debt relief to borrowers affected by national emergencies.”
If the Supreme Court winds up striking down the program, the Biden administration will need to give up on the initiative, or reissue the program under an alternative legal authority, as some borrower advocates have suggested, that is not directly related to the Covid-19 emergency. However, administration officials have maintained that there is currently no backup plan currently under consideration….
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