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Biden's Student Loan Repayment Plan Blocked

  • #Lawsuits
  • #Finance
  • #Education
  • #Schools
Biden's Student Loan Repayment Plan Blocked
story
JUN 2024
Image copyright: Antonio Masiello/Stringer/Getty Images News via Getty Images
story last updated JUN 2024

The Spin

Republican narrative

It looks like Biden's plan to cynically reimburse young voters prior to the election and bill their billions in student loans to taxpayers is backfiring. Luckily, the courts have been able to step in and reiterate that only Congress has the power to forgive student debt. The only unfortunate part is that the courts have opted not to claw back the hundreds of billions in debts that have already been shifted onto the backs of taxpayers.

National Review

Democratic narrative

Student loan debt is ruining the lives of millions of Americans, yet Republican lawmakers, and the special interests they're beholden to, have opted to block their constituents' path to relief. While continuing to defend the SAVE plan in the courts, the Biden administration will also seek out other means to unburden young Americans. This is only fair given the predatory nature of these loans and the impact on American citizens and the economy.

CNBC

Metaculus Prediction


Public Figures

Joe Biden


Political split

LEFT

RIGHT

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Courts block Biden from canceling any more student loan debt
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More neutral political stance articles

Missouri, Kansas judges temporarily halt much of President Biden’s student debt forgiveness plan
Associated PressJUN 2024
Federal judges block part of President Biden’s student loan repayment plan
USA TodayJUN 2024
Student-loan borrowers who were set to get debt cancellation or lower payments through Biden's new repayment plan won't get it — for now. Here's what you need to know.
Business InsiderJUN 2024
Judges temporarily halt part of President Biden's student debt forgiveness plan
NPR Online NewsJUN 2024
Federal Courts Partially Block SAVE Student Loan Repayment Plan
ForbesJUN 2024