Federal Judge Blocks Biden's Student Loan Forgiveness Plan

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    The Facts

    • Pres. Biden’s executive action canceling billions in student loan debt was put on hold Thursday after a ruling by Judge Mark Pittman of the US District Court for the Northern District of Texas.

    • The case in question was brought by the conservative Job Creators Network Foundation on behalf of two federal student loan borrowers. One doesn’t qualify since their loans are held by a commercial lender, and the second qualifies but believes he should receive more relief based on his income.


    The Spin

    Right narrative

    The Biden admin. thought it could get away with getting this case dismissed on standing, like previous challenges to the plan. But once the judge ruled the plaintiffs had standing, the president’s student debt handout didn’t stand a chance. The defense was built on the cynical use of a “national emergency” to circumvent the Constitution. Even if it takes a SCOTUS ruling, this illegal plan will ultimately go down in flames.

    Left narrative

    The challengers to Biden’s plan — wealthy companies and individuals, some who even serve in Congress — are as hypocritical as they come considering how much government debt relief they received via the Paycheck Protection Program. Now they’re throwing as many lawsuits as they can at the admin., so even if they can’t hand Biden a loss, they can delay his program long enough that it will feel like a defeat.

    Nerd narrative

    There's a 75% chance that the US government will forgive $10,000 of federal student loans per person before 2024, according to the Metaculus prediction community.


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