Biden’s Student Loan Forgiveness Plans And Payment Pause Face Multiple New Threats
…The latest lawsuit filed by the New Civil Liberties Alliance (NCLA) argues that all payment pause extensions beyond the initial six months authorized by Congress in the CARES Act — including the extensions implemented by the Trump administration before Biden took office — are illegal. Congress “enacted a clear six-month deadline for that debt-relief program,” said Sheng Li, Litigation Counsel for NCLA, in a statement. “The Administrative State lacks the power to extend a debt-relief program beyond its statutory deadline, especially when doing so costs taxpayers over $150 billion.”…
…The latest lawsuit filed by the New Civil Liberties Alliance (NCLA) argues that all payment pause extensions beyond the initial six months authorized by Congress in the CARES Act — including the extensions implemented by the Trump administration before Biden took office — are illegal. Congress “enacted a clear six-month deadline for that debt-relief program,” said Sheng Li, Litigation Counsel for NCLA, in a statement. “The Administrative State lacks the power to extend a debt-relief program beyond its statutory deadline, especially when doing so costs taxpayers over $150 billion.”…
April 10, 2023
Originally Published in Forbes