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Biden administration can move forward with student loan forgiveness, federal judge rules (www.cnbc.com)

submitted 2 weeks ago by MicroWave@lemmy.world to c/news@lemmy.world

13 comments fedilink hide all child comments

A federal judge will let expire a temporary restraining order against the Biden administration's sweeping new student loan forgiveness plan, which could deliver relief to tens of millions of Americans.
The ruling means President Joe Biden may move forward with his administration's student loan forgiveness plan, just weeks before the November election.

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[–] Monument@lemmy.sdf.org 37 points 2 weeks ago (1 children)

Which is more or less what happened the last time Biden tried to forgive student loans. Eventually Missouri was found to have standing, and all his efforts were thrown out.

Aside from a nagging feeling that it was known this was going to happen, and this was all for political talking points, I wanted to info dump.

A few tidbits from that prior lawsuit:

MOHELA supported loan forgiveness, although I can’t recall why. (I think it was about simplifying administration in the face of a bunch of loans that had already paid for themselves in terms of the interest collected. At this point the cost to maintain the loan on their books and or chase accounts they can’t write off is more expensive than attempting to recover the loan.)
MOHELA refused to be a plaintiff, and it was the state of Missouri claiming standing.
The state of Missouri only had standing due to a voluntary agreement where MOHELA would pay a certain percentage of revenue back to the state of Missouri - something it had not done for nearly a decade. Missouri’s standing was merely technical, and more or less un-realized.
Yet it still was used to fuck over millions of people, because Misery loves company.

[–] prole@sh.itjust.works 16 points 2 weeks ago* (last edited 2 weeks ago)

So many consequential Supreme Court cases lately being decided even though there shouldn't ever have been standing... They all seemed to go one way too....