30 Jun 2023 12:11 pm
......at last, a failure of Biden's- to buy more votes with OPM money. goodBeekeeper » 30 Jun 2023, 10:19 am » wrote: ↑ SCOTUS kicks you LWNJ SORRY SACKS OF **** IN THE BALLS!! Suck it up, LOSERS, and QUIT BEING DEADBEATS AND PAY BACK THE **** YOU OWN!!! YOU signed the papers, and it SAID YOU WOULD REPAY IT. NOW PAY IT, ASSHOLES!!!
In a 6-3 decision, the court held that federal law does not allow the Secretary of Education to cancel more than $430 billion in student loan debt.
"The Secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600," Chief Justice John Roberts wrote for the majority. "Six States sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree."
The initiative, which had been on hold pending litigation, involved the federal government providing up to $10,000 in debt relief – and up to $20,000 for Pell Grant recipients – for people who make less than $125,000 a year. The program was expected to cost the government more than $400,000.