#shorts On 6/30/2023, a reporter asked, “This administration was very confident that the HEROES Act would work. Of course, the Supreme Court blocked that. Why should borrowers trust you this time that this one will work?

Sec CARDONA: Yeah. There has been no other president that has done more to fight for student debt relief … in the last 48 hours, these two decisions from SCOTUS make me want to fight harder … With the SAVE plan, the income-driven repayment plan, with the on-ramp, and with the processes that we’re going to take, we’re doing everything we can to fight for our students

On 6/30/2023, the Supreme Court put the final nail in the coffin and invalidated Biden’s student loan bailout program. Joe Biden unilaterally announced a massive forgiveness of student loans last August to buy the Gen Z-Millennial vote in the 2022 midterms. Biden canceled over $400 billion in student loans which turns out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants. Six Republican state attorneys general sued Joe Biden and argued the student loan bailout violates the separation of powers. Separately, two borrowers who did not qualify for Joe Biden’s student loan forgiveness plan (Department of Education v Brown) sued to stop the program. The Supreme Court ruled 6-3 in Biden v Nebraska that Joe Biden’s student loan forgiveness was unlawful. The 8th US Circuit Court of Appeals in November extended a block on Joe Biden’s student loan bailout plan. The DOJ then asked the Supreme Court to lift the 8th Circuit Court’s block, which they refused to do. The Supreme Court ruled 6-3 that Joe Biden overstepped his authority.

other clips of this published longer video is here: https://youtu.be/s0eW7Mxu5B8
Q: Admin very confident HEROES Act, Why should borrowers trust you this time? A: fight harder