Federal Court Temporarily Halts Biden's Student Loan Forgiveness Plan
It's the first of several court challenges to achieve any level of success. The Supreme Court rejected a separate challenge on Friday.
It's the first of several court challenges to achieve any level of success. The Supreme Court rejected a separate challenge on Friday.
The ruling is based on badly flawed reasoning, and may well be overturned on appeal. Even if it isn't, the plaintiff states have an obvious way to get around it.
The new survey, released by Data for Progress, could spell trouble for Democrats hoping for gains in November following Biden's debt relief plan.
This latest expense is yet more evidence that sweeping student loan forgiveness will end up doing considerable economic harm.
The Department of Education has no idea how to project the costs of its own programs, and Biden's student loan forgiveness plan will be no exception.
His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.
A federal judge denied PLF's motion to block implementation of the policy. But denial is "without prejudice," and PLF can quickly refile the case.
The lawsuit has a more conventional - and stronger - basis for standing than that filed yesterday by the Pacific Legal Foundation.
It was filed by Pacific Legal Foundation public interest lawyer Frank Garrison, and includes a novel strategy for getting around the problem of standing.
According to a new report for the Congressional Budget Office, student loan debt forgiveness will likely completely wipe out gains made by the Inflation Reduction Act—and then some.
"This isn't how laws are supposed to be made," says Caleb Kruckenberg, an attorney with the Pacific Legal Foundation.
But Biden can't forgive billions of dollars in student loans if the COVID-19 national emergency is over.
Plus: The editors have gripes with Biden’s recent interview on 60 Minutes.
If the pandemic is over, then how is the supposed emergency move justified?
In six states, accepting student loan forgiveness is likely to result in an increased tax bill.
Even as gas prices continued to tumble, rising prices for food and housing pushed inflation higher in August and proved that prices aren't cooling off yet.
The likely answer is "yes." There are three types of potential litigants who probably qualify.
Relying on Section 432(a) of the Higher Education Act of 1965, as some propose, has many of the same flaws as the Administration's emergency powers theory.
Like Trump's policy, it's an illegal usurpation of Congress' power of the purse under a dubious emergency power pretext.
New poll shows majority of Americans oppose student loan forgiveness once they become aware of the obvious tradeoffs involved, like higher inflation and rising tuition prices.
From student debt cancellation to green subsidies, the White House is giving handouts paid for by hardworking lower-wage Americans.
The venerable champion of civil liberties is increasingly indistinguishable from myriad progressive advocacy groups.
The administration is creating a system where everyone involved in higher education has an incentive to fleece the American people.
Whether you qualify, paid off your loan, or never went to college, this politician has an explanation for you.
Plus: The editors field a listener question on abortion.
The proper response to one failed bailout is not another bailout of a different group.
Assistant Editor Emma Camp unpacks how Biden's student loan forgiveness plan is deeply misguided.
Many college graduates who made strategic choices to avoid taking on debt are now wondering if those sacrifices have put them ahead after all.
The president claims broad authority to act under a post-9/11 law.
Plus: Spider study sheds light on how misinformation spreads, Airbnb regulation ruled unconstitutional, and more...
Biden's debt forgiveness will do absolutely nothing to change the incentive system that created this doom spiral in the first place.
Biden's plan to forgive nearly $300 billion in student loan debt will disproportionately help affluent Americans.
"Student loan relief would lead some people to spend more," warns Obama economic advisor and Harvard economist Jason Furman
Unsurprisingly, wealthier Americans will be the prime beneficiaries of the White House's soon-to-be-announced student loan forgiveness scheme.
A new report from the Government Accountability Office found that the Federal Student Loan Program will cost over $300 billion more than originally predicted.
Making their monthly payments is a major drag for millions in their 20s and 30s, but federal forgiveness is the stupidest way to address this problem.
Instead of attacking the student debt crisis at its source, the Biden administration is throwing money at the problem.
The Department of Education continues to forgive federal debt for attendees of shuttered for-profit schools.
Biden wants to forgive $10,000 in federal loan debt per borrower, regardless of whether they need it.
Listen to an Intelligence Squared US debate featuring Nick Gillespie.
Plus: perpetual "scope creep" of the welfare state
Student debt cancellation would disproportionately benefit college degree holders with higher earnings.
Plus: The editors answer how Reason has changed each of their lives.
The Biden Administration will push student loan repayment until late summer.
The organization's embrace of a wide-ranging progressive agenda undermines its reason for existing.
Biden is using executive authority to write off debts for some borrowers, while a Bush-era law could have even bigger implications.
Thirty-five years after Bill Bennett sounded the alarm about student loan defaults, we still haven't learned a damn thing.