The new date is October 19, 2022, 03:17pm.
A Wisconsin taxpayers association asked the Supreme Court to block the White House's student loan forgiveness program before funds start rolling out to borrowers, one of several legal challenges that threatens President Joe Biden's student debt proposal.
President Joe Biden spoke at the White House about student loan forgiveness.
The Brown County Taxpayers Association asked the Supreme Court to immediately block Biden's student loan program while the group's litigation against it continues.
The program will lead to an increase in the national debt that will result in taxpayers being asked to assume trillions of dollars in debt, according to the request.
If taxpayers were able to challenge any move by the federal government that they opposed, the federal courts would no longer function as courts of law.
The 7th Circuit Court of Appeals didn't explain why it rejected the taxpayers' request to block the forgiveness policy.
The taxpayers argued to the Supreme Court that they should be allowed to file a lawsuit because they are harmed by the program.
The White House has yet to respond.
The taxpayers argued to the Supreme Court that it was not possible for a President to hand out a trillion dollars with no consequences.
Taxpayers told the court that the Biden Administration could disburse relief funds to borrowers as soon as Sunday, and that they wanted the court to block the program before it can do so.
The student loan forgiveness program is being challenged. A ruling on whether or not to block the program will be made in the next few days in a case brought by Republican-led states.
There are more than 12 million people. There are a lot of federal student loan borrowers who have applied for forgiveness. The White House said 8 million people applied over the weekend after applications opened for a test, and Biden said an additional 4 million borrowers applied on the first day. Through December 23, borrowers can apply online to have their debts forgiven.
The Biden Administration plans to forgive up to $10,000 in federal student loan debt for all borrowers earning less than $125,000 per year or $20,000 in debt relief for people who have received federal grants. The debt relief program is being justified by the federal HEROES Act which allows the Education Secretary to modify or waive student aid during national emergencies. The White House announced the policy in August after months of speculation over whether Biden would forgive some debt, and applications began rolling out on Friday. The lawsuits brought by the Wisconsin taxpayers and the GOP-led states are part of a larger opposition to the right to forgiveness policy, which the Congressional Budget Office estimates will cost $400 billion.
In his order striking the Wisconsin taxpayers' lawsuit down, the U.S. District Judge noted that it was possible that a future president would overrule the Biden Administration's student debt forgiveness authority. No Republicans have so far spoken out in favor of doing that if the GOP regains control of the White House, so it is unclear if that would ever actually happen.
Here is how to apply for student loan relief.
There are challenges to the student loan relief plan again.
The judge dismissed the Wisconsin lawsuit.
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