This week, the Supreme Court issued a number of new opinions, but a decision regarding President Joe Biden’s student loan forgiveness program is still pending.
If approved, the idea would offer nearly 30 million students $10,000 or $20,000 in one-time student debt relief.
Supreme Court Drops Clues In Recent Verdict
While the Court’s ruling is still pending, one of the opinions published today may offer important hints about how the justices may decide on the legal objections to Joe Biden’s loan forgiveness program.
Judges are skilled at distinguishing between disparate facts and providing complex explanations because no two cases are alike.
However, the parties contesting Joe Biden’s debt relief scheme may be affected by the legal findings reached in this significant case.
Whether the Joe Biden administration had the right to implement the student loan forgiveness scheme is one of the main legal issues in the two cases that are currently before the Supreme Court.
The HEROES Act, passed in 2003, permits the Secretary of Education to alter the regulations governing federal student loan programs, including those pertaining to repayment and loan discharge, in response to a national emergency (such as the Covid-19 pandemic).
Read more: Debt Relief Calendar: Highlighting Vital Dates For Student Loan Forgiveness
Unveiling The Influence Of HEROES Act
This is how the administration came up with the debt relief plan. In the wake of the September 11th terrorist events, Congress passed the HEROES Act two decades ago, but at least five Supreme Court justices – a majority — appeared to be utterly dubious that such a significant student debt reduction had even been considered at the time.
However, the HEROES Act power of the Joe Biden administration is not the sole legal matter before the Supreme Court. Without standing, a party cannot sue and is not entitled to the redress they are seeking.
A party also typically lacks standing if they bring a lawsuit based on harm suffered by another party (this is frequently referred to as third-party standing).
Read more: Interest Rates Decrease For Student Loan Refinancing