New Article: Luke Herrine, The Politics of the Law of Biden’s Student Debt Jubilee, LPE (Sept. 19, 2022). Excerpt Below:
You may have heard that, after nearly two years of “will he or won’t he,” President Biden announced that the Department of Education will cancel student debt. Well, it will cancel a limited amount of student debt for borrowers that meet certain income criteria before restarting payments again on the First of January, 2023.
And even that much is in question. Because of the means-testing built into the plan, most eligible borrowers will have to fill out an application, which will apparently not be available until October(!!). In the meantime, movement conservatives are gearing up to challenge the effort. Knowing that they won’t be able to form a majority in Congress (at least not before midterms), they are directing their efforts toward a more sympathetic forum: the federal courts. If they find a sympathetic ear, they may be able to enjoin the jubilee altogether.
Will they find such an ear? Should they?
How should we answer these questions?
Poverty Law 