Home New loan judge cancels student loan relief program

judge cancels student loan relief program


SPRINGFIELD, MA (WGGB/WSHM) – Millions hoping to benefit from President Biden’s student loan forgiveness program will now have to wait indefinitely after a Texas federal judge struck down the program and ruled it illegal .

“It’s definitely something we’ve been looking forward to. It’s a decent amount of money and mostly because all my loans are paid by me, my parents don’t help me, so I was counting on it a bit… Without having that extra money, it pushes that dream further to achieve,” said Christian Heredia, a student at Springfield College.

Heredia told Western Mass News he is now worried about the cost of getting a degree.

“Hearing this definitely affects how I was going to plan my future,” Heredia added.

Heredia’s reaction came just a day after a Texas federal judge declared Biden’s student loan forgiveness program illegal. Western Mass News gets answers on the legal process and the road ahead.

“It’s a charming, old-fashioned notion of politics. It’s not someone attacking the Capitol. It’s just saying, ‘What can the president do? What can the federal government do?’ and it’s up to the courts to decide if the law isn’t absolutely clear,” said John Baick, professor of history at Western New England University.

Baick explained to Western Mass News what is at the heart of this debate.

“The Biden administration is trying to say we should give some of these activists, some of the most vulnerable, a break, and conservatives are saying, ‘No, this should be in private hands and if you’re in debt, go for it. in college, it’s your choice,” Baick explained.

The federal judge said that type of loan forgiveness was outside of Biden’s power as president. In the meantime, Baick told us how students are affected.

“I think there’s a lot of confusion and a lot of anxiety about student loans. I think there are students who believe this will cover them in the future. It really affects the most vulnerable students. This affects students who, without these Pell grants, would have no chance of going to school,” Baick added.

He said all hope was not lost for borrowers, but there was a long way to go.

“Over the next few months there are going to be a lot of lawsuits and there are a lot right now. Most have been thrown out… This will likely end up in the hands of the Supreme Court,” Baick noted.

The Biden administration tells the candidates they are disappointed with the decision, but continue to work on canceling long-term student debt.