An update on Nebraska V Biden with Attorney General Mike Hilgers
NORTH PLATTE, Neb. (Nebraska) — President Biden last year announced a plan to forgive all or a portion of student loan debt for 43 million eligible borrowers.
Whether or not President Biden has the authority to do so was brought before the Supreme Court last week. An estimated 370,000 Nebraska residents will receive $10,000 to $20,000 in student loan forgiveness if the Supreme Court accepts that the president has the authority to grant such relief.
“This is one of the most important separations of power cases that I think of in my life. This really goes to the core question of whether we live in a system of government where Congress has the ability to legislate and appropriate. Or do we live in a system of government where the president can appropriate him at whim? Nebraska Attorney General Mike Hilgers said so.
Adding, “Congress has not passed half a trillion dollars in loan forgiveness. The Biden administration did it anyway, and Nebraska was one of the few states to say resist, the Constitution says Congress has the power to legislate and therefore it hasn’t legislated. Therefore it is null. And this is the case that the Supreme Court heard last week.
While federal student loan payments are currently suspended, this will end 60 days after the case is resolved. If this case is not resolved by June 30, payments will resume after 60 days. However, it will likely be months before borrowers learn of the outcome of the case.
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