Social Security

“I don’t know many people in the world, and certainly none of the clients that I’ve ever worked with, who would say that, ‘all of a sudden, I can start making several hundred-dollar payments that I didn’t have to make the month before,’” Yu says. “It’s a big issue for older Americans, it’s a big issue for people with disabilities, it’s a big issue for communities of color, it’s a big issue for…

“The logical remedy for the harm that they said they suffered would be to expand the program, but that’s not what they’re asking for,” Yu said. “They’re asking for it to be completely invalidated for no one to get relief, and I think that’s how this is not genuinely about the borrowers who are excluded, but this is a politically motivated lawsuit as well.”

Many of these organizations filed amicus curiae briefs with the Supreme Court last month, urging the justices to uphold the Biden initiative. “The briefs represent the breadth of communities that stand to benefit from student debt relief, including working people, borrowers of color, veterans, older people, people of faith, along with cities and states across the country,” said the Student Borrower Protection Center (SBPC) in an earlier statement. “Together, these briefs showcase the…

Lubin said that his organization alone is planning to bring out around 100 college students from Arizona, Georgia, Michigan, Pennsylvania, and Wisconsin — all swing states — to the Supreme Court to participate in a rally led by a coalition of groups, including the Student Borrower Protection Center, NAACP, Student Debt Crisis Center, and Young Invincibles, outside the Court on February 28, the day of the arguments. His group is also camping out…

In January, the advocacy group Student Borrower Protection Center sent a letter urging the Education Department to reconsider excluding time in default from the account adjustment, saying “failure to fully remedy these harms would be an unforced error.”

Included in those briefs was one from 128 House Republicans voicing opposition to Biden’s plan. Alongside the new data from the Education Department, an analysis from advocacy group Student Borrower Protection Center found that nearly 12 million borrowers in all of those lawmakers’ districts would stand to benefit from the relief.

Over the past few weeks, 128 House Republican lawmakers filed an amicus curiae brief to the Supreme Court ahead of oral arguments on February 28 urging it to strike down Biden’s debt relief. An analysis of the new data from advocacy group Student Borrower Protection Center (SBPC) shows that nearly 12 million student-loan borrowers are eligible for the relief, over 7 million applied or auto-enrolled, and over 4 million of them were approved…

The difference between the mass debt cancellation plan and other pandemic economic supports can be found in the very structure of higher education finance in the U.S., Mr. Pierce said, where over 90% of student loans are issued by the federal government. “The government is the creditor here—they can decide when loans get repaid, if at all,” he said.