#shorts On 6/30/2023, a reporter asked, “if the HEROES Act was on legally scurrilous footing, this might be even more so. And if — if you’re more secure that this is a legal route to do it, why didn’t you just use this in the first place?
Sec CARDONA: We believe the Supreme Court got it wrong today. We believe the HEROES Act does give me the authority. The Supreme Court made their decision today. We accept that. The Higher Education Act has a pathway, and we’re going to use that pathway.
Reporter: But if — if you think that’s a better way to do it, why didn’t you just use that in the first place?
Sec CARDONA: We believe that the HEROES Act pathway was quicker and we had the authority to do that.
Reporter: But that sounds like a pretty complicated process. Are we talking about weeks, months? What —
MR. RAMAMURTI: Well, certainly not weeks. It’s going to be months. I think, as I said, even the typical rulemaking process typically takes months. But we are aiming to do it as quickly as possible.
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: legally scurrilous footing? A: Supreme Court got it wrong & HEROES Act pathway was quicker