Billions of dollars in loan relief were at stake for millions of borrowers, writes Jordan_S_Rubin.
Justice Elena Kagan wrote the dissent for the three Democratic appointees, arguing that, “In every respect, the Court today exceeds its proper, limited role in our Nation’s governance.”
Apparently anticipating this outcome, the White House on Friday signaled"new actions" coming to protect student loan borrowers. Billions of dollars in loan relief were at stake for millions of borrowers. The plan applied to people whose annual income was less than $125,000 in either 2020 or 2021, providing up to $10,000 for most borrowers and up to $20,000 for Pell Grant recipients with greater financial need., the Republican appointees were skeptical of the government's power to forgive that much debt.
. It lets the secretary of education “waive or modify any statutory or regulatory provision” to protect borrowers affected by national emergencies, among other things. The Biden administration pointed to the Covid-19 pandemic as the emergency allowing debt forgiveness.
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