Judge Extends Restraining Order on Biden’s Student Loan Forgiveness

Joe Biden is hoping to give Kamala Harris another boost by forgiving an additional $147 billion in student loans, but he is going to have to wait.

On Thursday, US District Judge Randal Hall ruled that “good cause exists,” so he extended the order another 14 days.

The suit was brought by attorneys general in numerous red states to block the loan forgiveness.

Block It

Republican attorneys general from Alabama, Arkansas, Florida, Georgia, Missouri, North Dakota, and Ohio filed suit against the Biden administration and Education Secretary Cardona to block the plan.

They claim the plan would “unlawfully” forgive billions in student loan debt, all money that will be passed on to taxpayers.

In his ruling, Hall wrote, “The extension will allow the Court to appropriately review and assess the Parties’ submitted briefs and argument offered during the September 18, 2024, hearing and to issue an Order addressing the pending motions.”

The latest Biden giveaway would clear debt for all borrowers up to $20,000 and wipe out the debt for borrowers who have been paying their loans for 20 years or 25 years for graduate students.

The original student loan plan went before the Supreme Court and was denied due to the financials of the legislation.

The court stated that legislation of this magnitude must be an act of Congress, not a swipe from the president’s pen.

So, Biden has been piecemealing the plan ever since, using rules and loopholes to forgive tens of billions at a time, all for the sake of locking down votes among the younger generation.

This has infuriated conservatives and older voters who paid back their loans.

Now, the entire country is stuck eating the tab on loans that people willingly and knowingly took out to help pay for their education.

Biden’s giveaway, when all is said and done, will cost taxpayers nearly $500 billion, with some estimates putting the price tag at more than $1.2 trillion.