The Supreme Court ruled Biden’s student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.

  • InisSieferI@kbin.social
    link
    fedilink
    arrow-up
    11
    ·
    1 year ago

    Through the HEROES Act specifically which was a pretty dumb way to do it.

    But still, how the hell did they have standing? Wtf? I have no idea how I’m going to budget these with how rampant inflation has been.

    • BraveSirZaphod@kbin.social
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      The legal basis was always a little shaky. The majority opinion actually coyly cites Pelosi stating that actual cancellation would require an act of Congress. The standing issue seems pretty severe and will likely have some messy ramifications going forward.

      The (very) sight silver lining is that this is itself deflationary, not that that’s much solace.

      • Bojimbo@kbin.social
        link
        fedilink
        arrow-up
        3
        ·
        edit-2
        1 year ago

        The legal standing was not as shaky as news media keeps telling people. The Secretary of Education has the right to modify or waive loans. Roberts acknowledged this right, but claimed that partial loan forgiveness is neither of these things, when it’s kind of both.