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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]I'm one of the 700,000 people who was supposed to get forgiveness, but lost eligibility. Screw Biden and the Dems for this false hope.[/quote] I'm one of them too. But I never really had much hope for this. Oh well.[/quote] The lawsuits are frivolous and will eventually be thrown out. These a$$holes have no standing. [/quote] A window into the standing issue is the administration's recent rollback of relief for private borrowers, affecting 700-800k borrowers. In this case, investors did arguably have standing, claiming that they had standing by virtue of a direct economic interest in the forgiveness plan. Investors were preparing to sue. In response, the administration eclipsed relief for these private borrowers, making the law suits moot and also conceding that the separation of powers assertions have merit. The private borrowers now keenly understand this is all about politics. It is understandable that the administration is relying on standing or a lack thereof to sustain the program. All it takes is one court to recognize standing, however, and impediments arrive. The 8th circuit has issued a stay of the forgiveness plan - and yes, a stay is a long way from prevailing in a lawsuit, but there is some litigation risk here. Standing arguments work better if members of Congress bring the suits, as they are intending to do. High risk politically if the administration fails here - why a year ago Pelosi opined that only Congress could provide for forgiveness. [/quote]
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