Student Loan Debt Unconstitutional
SCOTUS Tackles Unconstitutional, and Unwise, Student Loan Cancelation – Cato Institute
Biden’s attempt to forgive student loans is unconstitutional for the simple reason that it was not authorized by Congress and the president …
The Supreme Court takes up student loan forgiveness — What’s at stake?
On February 28th, the Supreme Court heard arguments in two cases about the Biden administration’s proposed student loan forgiveness program …
Biden’s Student Loan Forgiveness Plan Is Unconstitutional, Says Judge – Reason Magazine
A federal judge has ruled unconstitutional President Joe Biden’s plan to forgive student loan debt. In a decision issued yesterday, …
Professors urge Supreme Court to reject student loan forgiveness lawsuit – CNBC
Biden’s student loan forgiveness plan is ‘unlawful,’ two professors say, but legal challenges carry ‘dangerous implications’.
U.S. judge strikes down Biden’s student debt relief plan – Reuters
A federal judge in Texas on Thursday ruled that President Joe Biden’s plan to cancel hundreds of billions of dollars in student loan debt …
Biden’s student loan forgiveness plan goes before the Supreme Court Tuesday. Here’s what borrowers need to know – CNN
Millions of student loan borrowers could see up to $20000 of their debt canceled depending on the outcome of Tuesday’s US Supreme Court …
Biden administration dealt another setback in court in effort to revive student loan debt relief policy | CNN Politics
“The program is thus an unconstitutional exercise of Congress’s legislative power and must be vacated,” wrote Judge Mark Pittman, who was …
Is Student Loan Forgiveness By Executive Order Legal? – The College Investor
The President does not have the legal authority to forgive student loans on his own. Only Congress has the power of the purse. Executive action …Get Free Quote
‘Massive new program’: Supreme Court majority signals skepticism over Biden’s student loan forgiveness plan – USA Today
WASHINGTON – The Supreme Court’s conservative majority signaled deep skepticism Tuesday about President Joe Biden’s plan to wipe out $400 …Get Free Quote
What are the limits of presidential power to forgive student loans? A constitutional law expert answers 5 questions – The Conversation
Yes, but there are caveats. The president and other members of the executive branch, such as the secretary of education, can forgive debts only …Get Free Quote
Common Asked Quetions
What legal grounds exist for claiming student loan debt is unconstitutional?
There is no legal basis for claiming that student loan debt is unconstitutional. However, some legal scholars have argued that the current student loan system violates the Equal Protection Clause of the Fourteenth Amendment, which states that no state shall deny any person within its jurisdiction the equal protection of the laws. Additionally, some have argued that the current student loan system violates the Due Process Clause of the Fifth Amendment, which states that no person shall be deprived of life, liberty, or property without due process of law.
How have recent court cases related to student loan debt helped to shape the legal landscape?
Recent court cases related to student loan debt have helped to shape the legal landscape by establishing new standards for loan servicers, setting limits on the amount of interest that can be charged, and clarifying the rights of borrowers in terms of loan repayment and debt collection. These decisions have helped to provide more protection for borrowers and ensure that they are treated fairly.
What impact could a ruling of student loan debt being unconstitutional have on the American economy?
A ruling of student loan debt being unconstitutional could have a significant impact on the American economy. It could lead to a decrease in consumer spending, as borrowers would no longer have to pay back their student loan debt. This could lead to a decrease in economic growth, as well as a decrease in tax revenue for the government. Additionally, it could lead to an increase in defaults on other types of debt, such as credit cards and mortgages, as borrowers would no longer have to worry about paying back their student loan debt.
What strategies can borrowers take to seek relief from student loan debt?
Borrowers can seek relief from student loan debt by exploring repayment plans such as income-driven repayment plans, loan consolidation, loan forgiveness, deferment, and forbearance. They can also look into loan repayment assistance programs and scholarships to help reduce their debt. Additionally, they can consider refinancing their loans to get a lower interest rate.