Saturday, June 10, 2023

US court temporarily halts student loan forgiveness

United States justice this Friday temporarily blocked the cancellation of student loans announced by the nation’s President Joe Biden.

United States justice has temporarily prohibited the cancellation of student loans announced by the country’s president this Friday Democrat Joe Biden, which was due to take effect next week.

An order issued by the US Eighth Circuit Court of Appeals blocked the exemption until at least Monday, at which time the government would have to argue that the program should proceed as planned.

Once the government presents its argument, the plaintiffs (the six states governed by the Republican Party) will have until Tuesday to present their counterclaims.

This Friday’s order is the result of appeals filed by these six states (Arkansas, Iowa, Kansas, Missouri, Nebraska and South Carolina).Judge Henry Autrey of the Eastern District Court of Missouri issued another order Thursday in which he held that the plaintiffs were not parties affected by the loan forgiveness and therefore denied his blocking request.

The states had sued the government and asked that the exemption be blocked considering it Biden had crossed limits with this decision and did not have the power to make a unilateral decision.

In late August, Biden announced that he would waive a portion of the loan that millions of university students had contracted with the federal government to fund their studies, with only two months to go before the youth vote. Legislative election.

The announcement came after months of internal debate within the government and halted student loan payments in 2020 as a pandemic relief measure.

“Fulfilling one of the promises of my campaign, my administration announces plans to provide some relief to working and middle-class families.” Biden noted.

The president reported canceling loans of up to $10,000 per student, but the measure would only benefit those who make less than $125,000 a year or who are getting married, whose income exceeds $250,000 a year. is less.

In an effort to help low-income students, Biden also pointed out that $20,000 in loans contracted by recipients of the Pell scholarship would be canceled, Thereby benefiting large numbers of low-income Hispanic and African-American students.

Nation World News Desk
Nation World News Desk
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