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Reply to "What is going on with student loans?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Check out #86: https://storage.courtlistener.com/recap/gov.uscourts.moed.198213/gov.uscourts.moed.198213.1.0_1.pdf Each state generally has a state-chartered corporation that originates and services loans and the complaint is that they lose revenue because they are the ones ultimately that have to write off the debt. Moreover the states complain that they lose income tax revenue since loan forgiveness is not considered income. This seems like legit to me for standing, imho.[/quote] Wrong! Shaky argument at best. [/quote] Declarative statements aren't evidence. Care to share why you think it's a "shaky argument at best?"[/quote] The states wouldn’t get the revenue either way, so how are they harmed such that they would have standing? This won’t hold up? [/quote] DP, I don't follow your logic. State entities, like MOHELA, will not collect interest on the principal forgiven. Biden effectively increased prepayment risk for their portfolio of student loans.[/quote]
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