by Daniel Stefanski | Jul 31, 2023 | Education, News
By Daniel Stefanski |
A coalition of Arizona lawmakers are pushing back against the recent ruling from the U.S. Supreme Court on President Joe Biden’s student debt cancellation efforts.
Earlier in July, a group of Arizona Democrat legislators wrote a letter to President Biden, calling on his administration to “deliver its campaign promise to cancel student debt.”
The legislators, led by Representative Cesar Aguilar, expressed their collective outrage over the Supreme Court opinion in June, which overturned the president’s student debt cancellation plans. They wrote, “While members of the Court’s majority enjoy vacations paid for by billionaires, this ruling shows blatant disregard and disrespect for the 43 million American borrowers being crushed by student debt and desperate for relief.”
In their letter, the lawmakers included information about Arizonans who were in line to benefit from the president’s debt cancellation scheme that was thwarted by the nation’s high court, stating, “Nearly 900,000 Arizonans stood to benefit from your Student Loan Cancelation Plan – 12.4 percent of our state’s population. The average student loan debt in Arizona is $33,396. Your Student Loan Cancellation Plan could cancel $10,000 for those making less than $125,000 and up to $20,000 for those who are Pell Grant Recipients. Arizona has the 15th highest number of borrowers in the country and would have seen a significant financial release and economic impact.”
The Democrats warned of the consequences that could come with the Court’s decision, adding, “Without relief Arizonans will have less money in their pockets to pay for bills, goods and services strained by inflation. Less consumer spending reduces economic growth and moves the American Dream further out of reach for millions. … We urge you to act as swiftly as possible so Arizonans still recovering financially due to the pandemic can get back on their feet.”
On the last day of its recent term, the U.S. Supreme Court released its opinion in Biden v. Nebraska, striking down the president’s student loan cancellation program. Chief Justice John Roberts authored the opinion, and he was joined by Justices Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett.
The majority opinion stated that “the ‘economic and political significance’ of the Secretary’s action is staggering by any measure. Practically every student borrower benefits, regardless of circumstances. A budget model issued by the Wharton School of the University of Pennsylvania estimates that the program will cost taxpayers ‘between $469 billion and $569 billion,’ depending on the total number of borrowers ultimately covered.”
At that time, freshman Republican Representative Austin Smith reacted, “Cancelling student loan debt is and always will be an irresponsible and brainless ‘policy’ proposal. It deserved this fiery death at SCOTUS. Do not take astronomically large loans for a career with a salary you will never be able to pay off.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
by Daniel Stefanski | Jul 3, 2023 | Education, News
By Daniel Stefanski |
Arizona elected officials found no shortage of material to react to from the U.S. Supreme Court’s latest term.
On Friday, the nation’s highest court released its opinion in Biden v. Nebraska, striking down the president’s student loan cancellation program. Chief Justice John Roberts authored the opinion, and he was joined by Justices Clarence Thomas, Samuel Alito, Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett.
The majority opinion stated that “the ‘economic and political significance’ of the Secretary’s action is staggering by any measure. Practically every student borrower benefits, regardless of circumstances. A budget model issued by the Wharton School of the University of Pennsylvania estimates that the program will cost taxpayers ‘between $469 billion and $569 billion,’ depending on the total number of borrowers ultimately covered.”
State legislators were quick to respond to the momentous decision from the Supreme Court. Freshman Republican Representative Austin Smith tweeted, “Canceling student loan debt is and always will be an irresponsible and brainless ‘policy’ proposal. It deserved this fiery death at SCOTUS. Do not take out astronomically large loans for a career with a salary you will never be able to pay off.”
Smith also parried an attack from the House Democrats Caucus, which took to Twitter to pin the decision on Republicans. This tactic didn’t sit too well with Smith, who said, “The Constitution did this. Cope and seethe.”
On the other side of the aisle, Senate Democratic Assistant Leader Juan Mendez released a statement shortly after news broke about the opinion, writing, “Today’s decision on Student Loan Relief is all the evidence we need to rule this court as corrupt. For generations this court as been playing favorites, taking sides and receiving undisclosed donations, all while Congress has been bailing out corrupt corporations, reckless Wall Street traders and forgiving PPP loans for the wealthy.”
Senator Mendez also called on President Biden to take further action, saying, “The Court’s biased decisions can not go unanswered. The President must do everything within his power to set student loan interest rates to 0%, set minimum monthly payments to $25, and revamp current repayment plans to accept volunteerism as payment.”
Earlier this year, Democrat Attorney General Kris Mayes announced that she had withdrawn the State from a lawsuit over the president’s actions on student loans, which was initiated by her predecessor, Mark Brnovich. Mayes told KTAR News that “we’re not going to be engaging in political lawsuits at the Attorney General’s Office anymore,” and that “suing the federal government over everything is not the answer and it’s not what the people of Arizona want.” The KTAR recap of the interview noted that the first-year attorney general “said the student debt lawsuit was inappropriate and unlikely to succeed.” Instead, Mayes joined a coalition of attorneys general from around the country to support a “federal proposal to create a more affordable repayment plan for student loan borrowers.”
Daniel Stefanski is a reporter for AZ Free News. You can send him news tips using this link.
