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Supreme Court to decide fate of Biden student loan forgiveness (www.reuters.com)

submitted 1 year ago by McBinary@kbin.social to c/politics@kbin.social

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The U.S Supreme Court on Friday was set to rule on the legality of President Joe Biden's plan to cancel $430 billion in student loan debt - a move intended to benefit up to 43 million Americans and fulfill a campaign promise.

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[–] McBinary@kbin.social 20 points 1 year ago (4 children)

Today is the day we should hear definitively; one way or another. It will either help out 43 million Americans, or it will set a new precedent that anyone can sue regardless of being harmed. Should be an interesting day.

https://teddit.net/r/StudentLoans/comments/14mr6bn/litigation_status_bidenharris_debt_relief_plan/

[–] BioDriver@lemmy.world 11 points 1 year ago (1 children)

This point is being grossly overlooked. If the Supreme Court sides with the plaintiffs it will set a very irresponsible precedent and will open Pandora’s box of lawsuits

[–] LegendofDragoon@kbin.social 2 points 1 year ago

Can student loan borrowers file a class action against Missouri and Nebraska? We have more standing than they had after all. Had they not filed their lawsuit we would all have up to 20k less in debt.

[–] ninjirate@kbin.social 5 points 1 year ago

As a non american last I heard about this some business owners are suing because they didn't take out any students loans and thus wouldn't be eligible for the forgiveness right?

Does that mean if the SCOTUS sides against the forgiveness then others would be able to sue to get the forgiven business loans to be paid back?

[–] xHoudek@lemmy.world 3 points 1 year ago (1 children)

So if they vote to cancel the student debt forgiveness, that means I can sue to cancel PPP loan forgiveness, right?

Right??

[–] BioDriver@lemmy.world 1 points 1 year ago

Or he’ll, just sue to cancel all debt

[–] deaconblue@kbin.social 2 points 1 year ago

And it was. I have heard that the phrase, "May you live in interesting times" was at one time used as a curse. Can sorta see why