Biden Admin Charges Forward with Loan Cancellation
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Biden Admin Charges Forward with Loan Cancellation
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The ongoing legal battle over loan forgiveness and the Biden administration moving forward despite it are causing confusion and uncertainty in an already uncertain economy.
From The Daily Wire. The Biden administration began notifying Americans who applied for student loan forgiveness on Saturday that their requests had been greenlit, even as the controversial policy continues to move through the federal court system.
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President Joe Biden unveiled a website last month where Americans could provide basic information to determine eligibility for debt forgiveness. Some applicants received an email from Education Secretary Miguel Cardona saying they were “eligible for loan relief” after a review of their submission, according to a report from Business Insider. “We have sent this approval on to your loan servicer,” the message said. “You do not need to take any further action.”
Cardona affirmed on social media that applicants should not “worry” if they do not immediately receive the email since “more are coming.” He added that the administration remains confident in its legal authority to execute the program.
Indeed, the promise of loan cancellation occurs despite multiple lawsuits challenging the plan, which is on hold after a ruling from the U.S. Court of Appeals for the Eighth Circuit. …
If the policy survives the legal challenges, the Department of Education would cancel $10,000 in student debt for millions of borrowers earning less than $125,000 per year, as well as $20,000 for students who attended college via Pell Grant.
The lawsuit granted standing from the Eighth Circuit was filed by multiple Republican state attorneys general who asserted that the White House illegally bypassed Congress while drafting the student debt policy. The officials pointed to the recent Supreme Court opinion in West Virginia v. EPA, which said that federal agencies cannot assert “highly consequential power beyond what Congress could reasonably be understood to have granted.” …
How are you praying about Biden’s loan cancellation? Share your thoughts and prayers below.
(Excerpt from The Daily Wire. Photo Credit: Getty Images)
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We are in agreement for those students loans to be partial cancelled. The students do need to do some repayment.
We at Servants of Jesus Christ is praying daily for the atmosphere to change and the hearts of our leaders to tune into God’s will, ways, and word for the coming season. There is a great need for the TRUTH to rule in the hearts of our Leaders with the fear of God at their center core so they can fulfill His plans and purpose for our nation.
It is not a ploy to gain votes it is a weapon to ruin the economy.
Lord I pray that you would intervene and bring alongside members of Congress and the Senate Lord to formulate a plan to offset this evil Lord that you would use our prayers through which you would work Lord to deconstruct this evil before it is too late Lord Lord intervene in our nation more let our prayers rise up and let the Congress and Senate- the House vote against this plan , Lord, let it be struck down in Jesus name amen
It’s in my heart to yearn for the lost souls to believe the work of God on the Cross.
To see in their soul;
it’s The Way to be whole,
forgetting the way of the loss.
Amen.
The whole thing about the debt is a ploy to gain votes. Only congress can forgive such debt. I worked in this midterms , and so he will keep stretching it to the next election cycle. He has not intentions of doing any such thing.
Pray that it will get exposed for the fraud that it really is!