Biden predicts student loan forgiveness checks will be sent within two weeks | KLBK | KAMC

President Biden predicted on Thursday that a legal battle over his student loan forgiveness program would quickly be resolved and borrowers would soon see their repayments materialize.

“We are going to win this case. I think in the next two weeks you’re going to see those checks go out,” Biden told Nexstar’s Reshad Hudson in an exclusive. interview in Syracuse, NY

A federal appeals court ruling last Friday halted the loan forgiveness program and barred the administration from disbursing relief while the court considers a challenge from six Republican-led states.

A federal district judge had dismissed the case the previous day, ruling that the six attorneys general representing the states lacked standing to prosecute because they failed to demonstrate that the policy directly harmed their states.

In August, the White House announced plans to forgive up to $10,000 in federal student loan debt for borrowers earning less than $125,000 and up to $20,000 for borrowers who received Pell Grants. . The initiative delivered on a Biden campaign promise, even as some progressives failed to write off more debt. It also came after loan repayments were suspended since the start of the pandemic in 2020.

Biden said last Friday that 22 million Americans applied for student loan forgiveness in the first week applications were available.

But the plan has faced a myriad of legal challenges from Tories who oppose the policy. Some of these lawsuits have already been dismissed due to lack of standing since the program is voluntary and it is unknown who it directly harms.

Biden used the challenges to argue that Republicans oppose aid to middle- and low-income Americans who are buried in student loan debt.

“At a time when people are dealing with a pandemic and at a time when he is – as you know, at the end of this year he is going to lift the break, he wanted to make sure that the American people, as he said, has a little bit of a break, ”said press officer Karine Jean-Pierre on Thursday.

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