The Justice Department petitioned Wednesday the Supreme Court to affirm President Joe Biden’s student debt relief program. They argued that a law designed for veterans gives the administration “clear permission” to cancel hundreds billions in student loans.
Solicitor General Elizabeth Prelogar argued that Biden’s plan to relieve up to $500 billion in loans will “fall comfortably” within the limits of the HEROES Act of 2003, which was passed to provide debt relief to veterans at the onset of the Iraq war.
Biden’s administration claims that the coronavirus pandemic is a national emergency. Republicans and Democrats both have criticized Biden’s reasoning. Rep. Mike Waltz (R. Fla.) called it “a slap on the face for veterans.”
The debt cancellation was a matter of concern for conservative legal organizations and Republican-led States. They argued that the administration’s use the HEROES Act for implementation of the plan violated Congress and could make some borrowers more financially vulnerable, in violation the law’s original intent.
According to the Penn Wharton Budget, the proposal could cost $1 trillion over 10 year…