Supreme Court Shuts Down Biden/Harris Student Loan Forgiveness Again

millions of dollars in Biden Harris hand outs on hold again the Supreme Court won't reinstate the administration's student debt forgiveness program for millions of borrowers several Republican states challenged the plan which put it on hold while the lawsuits play out one attorney says while it's a legal issue it's a political one too they want to keep the student loan forgiveness issue alive because they want to be able to say to their base and to voters look the only reason why we're not giving you $20,000 in student loan forgiveness is because that very mean Supreme Court and thus vote for us and we'll fix the mean Supreme Court as a matter of law BR is pretty straightforward the president doesn't have the power to give away money like this fox prin say Zed Lawrence has been following this issue through the Biden Administration he's at the white house now with the latest Ed and John basically the President Joe Biden and vice president kamla Harris want to continue forgiving debt before the election now the US Supreme Court has halted that plan as the lower courts work through the merits of this case here now every turn the courts have ruled against the Biden Harris Administration related to the student loan plan saying that it is only Congress has the authority under the Constitution to appropriate the amount of money needed for the student loan bailout now the pen Warton budget model found the total cost to taxpayers over 10 years would be up to $536 billion for all the rule changes to the existing Student Assistance plans now that is about $54 billion per year to pay off the loans for some people it's already cost taxpayers $16 68 billion so far