Education Minister’s Promise that Student Loan Cancellation Can Be Proceeded at ‘Full Speed’ Despite Temporary Suspension | CNN Politics

CNN — The Department of Education director promised on Saturday that he would “speed up as much as possible” on plans to implement President Joe Biden’s student debt relief program a day after a federal appeals court banned the administration’s cancellation and placed a temporary hold on it. . Loans guaranteed under policy while under review. Education Minister Miguel Cardona in an editorial published on Saturday doubled the administration’s commitment to providing student loan relief and encouraged those who qualify to continue applying online. In the United States, Cardona said, “While some Republicans are doing everything they can to block the Biden administration’s debt relief program, the department is working hard to ensure that our program is legally enforced so that it can provide relief to the borrowers who need it most. We are preparing for it at full speed,” he wrote. today. “Twenty-two million people have already provided departments with the information they need to review their student loan eligibility. We encourage borrowers to continue applying for debt relief at studentaid.gov,” he said. In a pairing video posted on Twitter, Cardona referred to a “groundless” lawsuit seeking to block the program in the Republican-led state. Cardona stressed that the Ministry of Education estimates that nearly 90 percent of debt relief plan benefits will go to people earning less than $75,000 per year. He also highlighted the claims of Republicans who, as Cardona argued, did not file a lawsuit when they benefited from a payroll protection program loan from the federal government. “It’s only when workers and middle-class Americans need relief that these elected officials are a problem,” Cardona argued in her article. “This program will help borrowers by providing relief following the economic disruption caused by the pandemic. No matter how many elected officials or lawsuits try to stop us, President Biden and this administration will never stop fighting for the millions of hard-working students and borrowers across the country,” Cardona added. On late Friday, a federal appeals court temporarily administratively put on hold on Biden’s student loan forgiveness program, preventing the government from canceling loans covered under the policy while the court considers the challenge. The U.S. Eighth Circuit’s order comes after a case earlier this week that six Republican-led states requested a preliminary injunction to end the policy after a district court dismissed the case. This effort is separate from the Wisconsin Taxpayers Group’s challenge to a program that was recently dismissed by the Supreme Court. The Court of Appeal has required the administration to respond to the state’s request by Monday, and the state must respond to its response by Tuesday. The states have asked the court of appeals to act before Sunday, the earliest date the Biden administration said it would approve student loan waivers. After Friday’s ruling, the White House encouraged borrowers to apply for relief despite the hold. The suit filed last month was dismissed on October 20, when a lower court judge ruled that the plaintiff had no legal standing to challenge it, CNN reported. The Biden administration also faces lawsuits from Arizona Attorney General Mark Brnovich and conservative groups such as the Job Creators Network Foundation and the Cato Institute. A number of legal issues argue that the Biden administration does not have the legal authority to broadly cancel student loan debt. Government lawyers have given Congress the power to forgive debts to the education minister under a 2003 law known as the HEROES Act, CNN previously reported. Biden’s student loan forgiveness program, first announced in August, aims to provide debt relief to millions of borrowers before federal student loan payments resume in January after a nearly three-year pandemic-related suspension. According to Biden’s plan, in 2020 or 2021, individual borrowers with incomes of less than $125,000 and married couples or heads of household with annual incomes of less than $250,000 in that year will be forgiven of up to $10,000 in federal student loan debt. An individual can receive up to $20,000 in debt relief if a qualified borrower receives a federal Pell grant while enrolled in college.

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