Federalist Papers
Forbes Breaking News
comments
Comments by "Federalist Papers" (@federalistpapers4523) on "'Blatant Attempt To Buy Votes': Top Pollster Reacts To Biden's Attempts To Cancel Student Debt" video.
14
4
3
3
3
@mikew764
SUPREME COURT OF THE UNITED STATES
No. 22–506
JOSEPH R. BIDEN, PRESIDENT OF THE
UNITED STATES, ET AL., PETITIONERS v.
NEBRASKA, ET AL.
ON WRIT OF CERTIORARI BEFORE JUDGMENT TO THE UNITED
STATES COURT OF APPEALS FOR THE EIGHTH CIRCUIT
[June 30, 2023]
CHIEF JUSTICE ROBERTS delivered the opinion of the
Court.
To ensure that Americans could keep up with increasing
international competition, Congress authorized the first
federal student loans in 1958—up to a total of $1,000 per
student each year. National Defense Education Act of 1958,
72 Stat. 1584. Outstanding federal student loans now total
$1.6 trillion extended to 43 million borrowers. Letter from
Congressional Budget Office to Members of Congress, p. 3
(Sept. 26, 2022) (CBO Letter). Last year, the Secretary of
Education established the first comprehensive student loan
forgiveness program, invoking the Higher Education Relief
Opportunities for Students Act of 2003 (HEROES Act) for
authority to do so. 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. See ibid.; App. 243. Six States sued, arguing
that the HEROES Act does not authorize the loan cancella-
tion plan. We agree.
2
2
2
1