US court rules student amnesty illegal

A New Orleans appeals court rejected Joe Biden’s government appeal and upheld a Texas judge’s decision.

The United States Court of Appeals for the 5th Circuit in New Orleans, Louisiana, denied the government’s appeal this Thursday (December 1, 2022) and upheld the decision it considered. “illegal” President’s plan Joe Biden Student loan forgiveness for university students in the country. Here it is Full (49 KB, in English).

The earlier sentence was handed down by a judge on November 10 From the teeFormerly Mark Pittman. The judge said that the scheme was illegal and should be shut down. The case now goes to the Supreme Court, the final court of appeal.

Pittman’s decision is one of two nationally blocking the U.S. Department of Education from moving forward with a plan to offer student loan forgiveness to U.S. college students.

On August 24, Joe Biden declared The loan forgiveness program targets students with an annual income of US$ 125,000 (R$ 649,610, at current prices). The richest 5% of the country will not benefit.

In total, it is estimated that 43 million indebted students will benefit from these measures. Here it is Full (484 KB).

On October 21, The 8th U.S. Circuit Court of Appeals, St. Louis, Missouri as well decided Temporarily block the US President’s plan.

At the time, the court sided with 6 Republican-led US states.

In Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina, the plan has stripped the state legislature of its power and threatens the states’ cash strength and the money earned by state agencies that service student loans.

The US government has also requested a stay of the US Supreme Court’s order 8th Circuit Court of Appeals. It awaits the final outcome of the last instance of North American justice.

Student Apologies

Plan of the President of the United States $20,000 represents forgiveness (R$ 103,940 at the current exchange rate) for students who attended university Bell Grand, a grant from the US federal government. For non-subsidies, the waiver is US$ 10,000 (R$ 51.97 thousand at current prices).

A package of measures aimed at education includes halving tuition fees for undergraduate students. On average, annual loan payments are reduced by US$ 1,000 (R$ 5,200 at the current exchange rate).

According to a document released by the White House, the federal debt accumulated with student loans reached US$1.6 trillion. Here it is Full (484 KB).

US government publication, Middle Class Students to BenefitHigh monthly payments and rising balances make it harder to build wealth, such as buying homes, saving for retirement, and starting small businesses.🇧🇷

The US government says these measures will reduce racial inequality. According to the report, black students are twice as likely to receive Bell Grants🇧🇷