Student Loans News
Follow developments in student loan reform and its impact on students, taxpayers, and the economy.
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news
EXCLUSIVE: Linda McMahon Explains Why Department Paused Involuntary Student Loan Collection
FIRST ON THE DAILY SIGNAL—The Department of Education paused involuntary collection of defaulted student loans, but Secretary of Education Linda McMahon told The Daily Signal the process will restart “sooner rather than later.” McMahon said the department delayed the plan to garnish wages from defaulted borrowers in order to create time to make people aware… -
opinion
‘Canceling Student Loan Debt Is Not Legal,’ Iowa Attorney General Says After Supreme Court Arguments
Iowa is one of six states suing the Biden administration over the president’s plan to forgive billions in student loan debt. “Canceling student loan debt is not legal,” Iowa Attorney General Brenna Bird says. “In order for that to happen, something would have to pass the House, the Senate, [and] be signed by the president…. -
opinion
Unpacking the Oral Arguments Against Biden’s Student Loan Cancellation
The Supreme Court heard two cases Tuesday challenging the Biden administration’s claim that it could use a law meant to provide relief to first responders and military personnel after 9/11 to cancel $430 billion in student loan debt for over 40 million borrowers. The administration has relied on an emergency-powers law called the HEROES Act,… -
news
A Biden Loss in Student Loan Forgiveness Case Would Be Third Defeat in Supreme Court on Executive Overreach
Litigants preparing for oral arguments in the Supreme Court on Tuesday against the Biden administration’s student loan forgiveness plan anticipate victory, based on past high court decisions batting down the administration’s executive overreach. “This really is reminiscent of what we saw with the [ Centers for Disease Control and Prevention] eviction program, the [Occupational Safety… -
opinion
House Can Sue to Block Biden’s Student Loan Bailout
In February, the Supreme Court will hear not one but two cases challenging President Joe Biden’s plan to cancel student loan debt. The most important question remains, however: Will the high court reach the question of whether Biden has the authority to cancel student debt? To most, it seems the court has only two options:… -
opinion
Biden’s Student Loan Bribe in Midterms: Unconstitutional but Successful
As the dust settles on the midterm elections, and the Republican Party emerges victorious in its bid for control of the House of Representatives, we can take a moment to reflect on the reasons behind the outcome. But, as we move forward, we must not forget the underhanded tactics employed by the Biden administration in… -
opinion
Biden’s Student Loan Forgiveness Gambit Collides With Rule of Law
President Joe Biden’s $400 billion 2022 election bribe—also known as student loan forgiveness—has been now stopped in its tracks on two fronts. First, in Texas, federal District Court Judge Mark Pittman, one of nearly 300 federal judges appointed by former President Donald Trump, ruled the initiative unconstitutional. The judge rejected Biden’s claim that the 2003… -
opinion
Red State Coalition Halts Biden’s Cancellation of Student Loan Debt
Efforts to challenge presidential priorities in court are akin to military campaigns with opening salvos, intermittent skirmishes, daring attacks, and bold defenses. In many respects, the legal battles over President Joe Biden’s executive action canceling federal student loan debts fit this pattern. The latest news from the front is a victory, albeit a preliminary one,… -
opinion
Federal Court Blocks Biden’s Student Loan Bailout. Will the Opinion Stand?
A federal district judge blocked President Joe Biden’s student loan bailout, holding that it is “an unconstitutional exercise of Congress’s legislative power and must be vacated.” Biden’s plan cancels $10,000 of debt for borrowers who have federal student loans and make less than $125,000 per year, and $20,000 for borrowers who received a Pell Grant…. -
opinion
2 States That Should Be Able to Sue Over Biden’s Student Loan Bailout
President Joe Biden’s student loan bailout is illegal. That’s not a hard call, but before a court can consider the merits of Biden’s scheme, a plaintiff must have what the law refers to as “standing.” Standing is a doctrine that says that a court doesn’t have jurisdiction to hear a case unless the plaintiff has… -
news
Biden Claims Congress ‘Passed’ His Student Loan Forgiveness Plan. It Didn’t.
President Joe Biden recently said Congress approved his plan to “forgive” student loan debt. While talking with a group of young people at the White House during an on-camera interview published Sunday by NowThis News, Biden said he had “just signed a law” that would forgive $20,000 in student debt for Pell Grant recipients and $10,000… -
news
Fact-Checking 4 Biden Claims on His Student Loan Bailout
President Joe Biden used his home state of Delaware on Friday to promote his “forgiveness” of student loan debt, which he did through executive action in August rather than through Congress. Some of Biden’s assertions during 24 minutes of remarks at Delaware State University in Dover were factual, and some less so. Biden spoke at… -
opinion
6 States Sue to Block Biden’s Student Loan ‘Forgiveness’ Scheme
Nebraska, Missouri, Arkansas, Iowa, Kansas, and South Carolina sued the Biden administration Thursday to block the president’s plan to “forgive” student loan debt. The lawsuit by the six states follows another one filed by the Pacific Legal Foundation on behalf of an individual borrower. President Joe Biden’s student loan forgiveness scheme is an illegal… -
opinion
Borrower Sues to Stop Biden’s Unfair, Illegal Student Loan Bailout
Probably the most common legal argument against the Biden administration’s student loan bailout plan is that the federal Department of Education simply doesn’t have the authority to accomplish it. That’s a core argument in a new lawsuit filed by the Pacific Legal Foundation on behalf of an employee whose student debt is affected by the… -
opinion
Student Debt Relief: Reparations for Rich White People
To reduce inflation, battle climate change, reduce gas prices, stem rising crime, and protect our southern border, President Joe Biden has forgiven $10,000 in federal student loans and extended $20,000 in debt cancellation to Pell Grant recipients for borrowers making less than $125,000 a year. A study by the University of Pennsylvania’s Wharton School found… -
opinion
3 Biden Lies About His Student Debt Bailout Scheme
By my count, there are at least three lies behind President Joe Biden’s “student loan relief” plan: a bald-faced lie, a half-lie, and a lie of omission. First, in its Aug. 24 “fact sheet,” the White House advances the falsehood that college is the “ticket to a middle-class life.” That’s untrue. The ticket to a… -
opinion
5 Reasons Biden’s Student Loan Scheme Is Terrible, Corrupt Idea
There’s a long list of reasons why the the Biden administration’s scheme to write off upward of $20,000 per person in student loan debt, announced Aug. 24, is a terrible and corrupt idea: It’s flagrantly illegal and usurps powers reserved for Congress, which even House Speaker Nancy Pelosi acknowledged a year ago. It’s unfair, especially… -
opinion
4 More Reasons to Be Mad About Biden’s Student Loan Debt Amnesty
With every passing day, the scope of the Biden administration’s regressive, expensive, unfair, and potentially illegal amnesty for student loan debt becomes clearer. Some 43 million borrowers will be eligible for the loan cancellation, courtesy of the millions of Americans who did not, or could not, attend college. According to the Biden administration, 27 million… -
opinion
On Student Debt, More Government Spending Is Problem, Not Solution
No sooner had President Joe Biden announced his plan for student loan debt forgiveness ($10,000 for nonrecipients of Pell Grants and $20,000 for Pell Grant recipients), the president of the NAACP was complaining that it should be more than twice as much. At least $50,000. Brookings Institution scholar Andre M. Perry echoed the sentiment. The… -
opinion
Can Biden Cancel Student Loan Debt? Here’s Why It’s a ‘Major Question.’
Although the Biden administration has announced its student loan “forgiveness” program, the specifics of the plan’s implementation remain murky. However, what is crystal clear is House Speaker Nancy Pelosi’s statement just last year that “the president can’t do it.” “So that’s not even a discussion,” Pelosi told reporters, adding: “The president can only postpone, delay,…