LEGAL LESSON: Biden administration's student loan debt plan was estimated to cost taxpayers $400 billion.
Kansas Attorney general Derek Schmidt discusses how Republicans are suing Biden over student debt handout on ‘Fox Business Tonight.’cannot go forward with its student loan debt handout program.
"The Secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600," Chief Justice John Roberts wrote for the majority. "Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree."
Biden's student loan initiative, which had been on hold pending litigation, involved the federal government providing up to $10,000 in debt relief – and up to $20,000 for Pell Grant recipients – for people who make less than $125,000 a year. The program was expected to cost the government more than $400,000.
SUPREME COURT RULES IN FAVOR OF COLORADO GRAPHIC DESIGNER WHO REFUSED TOC REATE SAME-SEX WEDDING WEBSITES
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