US judge in Texas strikes down Biden loan-forgiveness plan

November 10, 2022

By : Quick Insurance Guru

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District Court Judge Mark Pittman, an appointee of former President Donald Trump based in Fort Worth, said the program usurped Congress' power to make laws.

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The Court is not blind to the current political division in our country.

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The debt forgiveness plan would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income.

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Pell Grant recipients, who typically demonstrate more financial need, would get an additional $10,000 in debt forgiven.

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The cancellation applies to federal student loans used to attend undergraduate and graduate school, along with Parent Plus loans.

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The 8th U.S. Circuit Court of Appeals had put the forgiveness plan on hold Oct.

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21 while it considered an effort by the states of Nebraska, Missouri, Iowa, Kansas, Arkansas and South Carolina to block the program.

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White House Press Secretary Karine Jean-Pierre said the administration disagreed with Thursday’s ruling and the Department of Justice had filed an appeal. 

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This administration continues to operate as if its own self-appointed authority in transferring billions of dollars in student loans is legitimate, but the rule of law says otherwise.

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