By The FirstAccording to a CNN report, the Biden Administration is asking the Supreme Court to let Joe’s controversial —and potentially illegal —student debt handout move forward.
From CNN:
The program promises to deliver up to $20,000 of debt relief for millions of borrowers, but has been on hold after lower courts blocked it nationwide.
About 26 million people had already applied to the program by the time a federal judge froze it on November 10, prompting the government to stop taking applications. No debt has been canceled thus far.
An “erroneous injunction” from a federal appeals court, Solicitor General Elizabeth Prelogar told the Supreme Court, “leaves millions of economically vulnerable borrowers in limbo, uncertain about the size of their debt and unable to make financial decisions with an accurate understanding of their future repayment obligations.”
Government lawyers say that President Joe Biden acted in order to address the financial harms of the pandemic and “smooth the transition to repayment” in order to provide targeted debt relief to certain federal student-loan borrowers affected by the pandemic.
More over at CNN:
