In their latest white paper, the Debt Collective and Roosevelt Institute have exposed the “false” claims behind a lawsuit to block Biden’s student loan cancellation program, keeping millions of Americans burdened by debt.
Released today, “The Suit against Student Debt Relief Doesn’t Add Up: Flawed Claims of Legal Standing in Biden v. Nebraska” delves deep into the issue, scathingly calling this case “a flawed judicial process, in which politically motivated charges get rushed to top courts, sidestepping important judicial procedures such as the rigorous scrutiny of underlying assumptions and basic fact-checking.”
For those who might be out of the loop, the decision in this case has the ability to impact 43 million Americans who collectively hold approximately $1.5 trillion dollars in student loans.
In light of the new information gleaned from this paper, ESSENCE is breaking down the who, what, why, and when for this piping hot tea about these scandalous student loan developments.
Who’s involved?
When the White House announced its new student loan forgiveness plan last year, six states (Nebraska, South Carolina, Arkansas, Kansas, Iowa, and Missouri) filed a lawsuit against the Biden administration alleging that this plan would hurt them “because they could lose out on tax revenue if individuals from their state are relieved of obligations to repay their student loans,” which the paper goes on to declare as being patently untrue.
What is happening here?
The six states are...
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