Dem Staffer Who Filmed His Sexcapades in a Senate Hearing Room Later Checked...
NYC Mayor Eric Adams Tries to Cooperate With ICE. State Judge Stops Him.
Wife of Former Sen. Bob Menendez Found Guilty in Bribery Trial
The Pentagon Leakers Might Want to Lawyer Up
Flawed Study's Ridiculous 'Finding' Gets Called Out by Parkland Victim's Father
How Trump Handled Biggs Entering the AZ Governor's Race After He Already Endorsed...
The White House Responds After Harvard Files Lawsuit Against Trump Administration Over Fun...
Harvard Presidents—On Sale at Macy's
Van Hollen's Post From 2017 on MS-13 Comes Back to Haunt Him
Trump’s Example to the World: Cull Activists to Achieve Energy Abundance
Pope Francis' Cause of Death Has Been Revealed
Homeland Security Sets the Record Straight About Those German Teens Who Were ‘Deported’...
Scott Jennings, Mike Lawler Offer Crucial Reminders About Funding for Harvard in Light...
Dylan Mulvaney Plans on Leaving the US. Here's Where He's Headed.
Exposed: Another Bogus Immigration 'Controversy' Falls Apart
Tipsheet
Premium

The Biden Administration's Desperate Attempt to Save Its Student Loan Bailout Program

AP Photo/Carolyn Kaster

In the face of numerous legal challenges and the latest move from a federal judge striking down part of President Biden's loan forgiveness plan, the Department of Education pulled applications from its website while it appeals the ruling.

Millions of borrowers had already signed up for the program that would cancel up to $20,000 in loans for Pell Grant recipients and up to $10,000 for individual borrowers who earn less than $125,00 per year. The National Taxpayers Union estimates the plan would've imposed a $2,500 burden per U.S. taxpayer.

Now, in a court filing, the administration is warning about what will happen if their bailout doesn't go through.

"Unless the [Education Department] is allowed to provide debt relief, we anticipate there could be an historically large increase in the amount of federal student loan delinquency and defaults as a result of the COVID-19 pandemic," said James Kvaal, the department's under secretary. 

"This could result in one of the harms that the one-time student loan debt relief program was intended to avoid," Kvaal added.

Kvaal said those most at risk of defaulting on their loans are the roughly "18 million borrowers eligible for one-time debt relief who would have their federal student loans discharged in their entirety under the program."

Given the judge blasted the program, calling it "unlawful" and a "complete usurpation of congressional authorization implicating the separation of powers required by the Constitution," it's unlikely the administration's efforts to tug at the heartstrings here will accomplish anything.

Looks like borrowers will have to put their dinner and travel plans on hold. 

Recommended

Trending on Townhall Videos

Advertisement
Advertisement
Advertisement