JUST IN: Federal Appeals Court Blocks Joe Biden’s Student Loan Bailout Program
A federal appeals court blocked one of Joe Biden’s student loan bailout programs.
The Fifth Circuit Court of Appeals on Thursday blocked Biden’s plan to cancel loans for borrowers who claim they were victims of ‘misleading information’ by colleges.
A three-judge panel – one Reagan appointee and two Trump appointees – said Biden’s program was ‘almost certainly unlawful.’
ABC News reported:
A Biden administration plan to provide student debt relief for people who say they were victims of misleading information by trade schools or colleges is “almost certainly unlawful” a federal appeals court said in a ruling blocking enforcement of the policy against a group of privately owned Texas institutions.
The 5th U.S. Circuit Court of Appeal ruling, dated Thursday, came in a court challenge filed by Career Colleges and Schools of Texas. The panel sent the case back to a lower court, saying the judge should issue an injunction against enforcement while the appeal continues.
At issue are rules that broadened existing policy, affecting students who borrowed money to attend colleges and universities that are determined to have misled them on matters such as whether their courses would actually prepare them for employment in their field or the likely salary they would earn upon obtaining a degree. According to the opinion, if a federal student loan is discharged under the policy, the government can seek reimbursement from the school accused of the misleading practices.
full story at https://www.thegatewaypundit.com/2024/04/federal-appeals-court-blocks-joe-bidens-student-loan/