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TWO FEDERAL JUDGES HAS PUT KEY

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PARTS OF PRESIDENT BIDEN'S PLANS

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FOR EASING STUDENT LOAN PAYMENTS

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ON HOLD, AND THEIR FUTURE IN

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DOUBT.

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WILLIAM BRANGHAM HAS THE DETAILS

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ON THE IMPACT.

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IT'S THE FIRST OF A TWO-PART

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FOCUS TONIGHT OF OUR SERIES,

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RETHINKING COLLEGE.

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WILLIAM: GEOFF, JUDGES IN KANSAS

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AND MISSOURI BLOCKED PARTS OF

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THE BIDEN ADMINISTRATION'S

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STUDENT LOAN REPAYMENT PLAN

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KNOWN AS S.A.V.E.

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IT OFFERS A WAY FOR STUDENTS AND

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GRADUATES TO LOWER MONTHLY

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PAYMENTS AND GET SOME DEBT

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FORGIVENESS.

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MORE THAN EIGHT MILLION PEOPLE

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ARE CURRENTLY ENROLLED, BUT

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THESE RULINGS PUT THOSE KEY

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FEATURES ON PAUSE.

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SO WHAT DOES THIS MEAN FOR THOSE

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BORROWERS?

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DANIELLE DOUGLAS-GABRIEL COVERS

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HIGHER EDUCATION FOR THE

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WASHINGTON POST AND JOINS US

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AGAIN NOW.

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THANK YOU SO MUCH.

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BEFORE WE GET INTO THE ARGUMENTS

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EMBEDDED IN THESE CASES, CAN YOU

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REMIND US WHAT THE PRESIDENT AND

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THE ADMINISTRATION'S STUDENT

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LOAN REPAYMENT PROGRAM WAS ALL

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ABOUT.

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WHO WAS THE ADMINISTRATION

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TRYING TO HELP?

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DANIELLE: THANKS FOR HAVING ME.

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THE OBJECTIVE WAS TO TRY AND

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MAKE STUDENT LOAN PAYMENTS MORE

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MANAGEABLE FOR THE VAST MAJORITY

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OF AMERICANS WHO HAVE EDUCATION

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DEBT.

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THE WAY THIS WOULD WORK IS

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PROTECTING MORE OF THE INCOME

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THAT THEY EARN FROM THE

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CALCULATION THAT DETERMINES

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THEIR MONTHLY BILLS.

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THIS IS REALLY BUILT ON A PLAN

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THAT HAS BEEN IN EXISTENCE FOR

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30 YEARS IN ONE ITERATION OR THE

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NEXT.

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AND IT JUST MAKES IT FAR MORE

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GENEROUS THAN WHAT WE HAVE SEEN

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IN THE PAST BY MAKING SURE THAT

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PEOPLE WOULD NOT BE SADDLED WITH

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UNAFFORDABLE LOAN PAYMENTS WHILE

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THEY ARE TRYING TO AFFORD THEIR

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MORTGAGES OR RENT OR CAR

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PAYMENT.

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HOWEVER, THE GENEROSITY OF THIS

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PLAN IS WHAT IT ISSUE AND

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WHETHER OR NOT THE BIDEN

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ADMINISTRATION HAS LEGAL

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AUTHORITY TO MAKE SUCH SWEEPING

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ECONOMIC CHANGES WITHOUT

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CONGRESSIONAL APPROVAL.

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WILLIAM: WHAT WAS THE

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ADMINISTRATION'S ARGUMENT FOR

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WHY PEOPLE WHO HAD KNOWINGLY

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TAKEN ON DEBT SHOULD GET THIS

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FORGIVENESS OR A REDUCTION IN

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THEIR PAYMENTS?

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DANIELLE: HONESTLY, THIS PLAN IN

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ONE ITERATION OR THE NEXT HAS

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EXISTED SINCE 1993, AND THE IDEA

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WAS ALWAYS LET'S MAKE SURE

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PEOPLE ARE NOT DROWNING IN

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STUDENT LOANS AS THEY ARE TRYING

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TO MAKE A LIFE FOR THEMSELVES.

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BUT THE DIFFERENCE HERE IS THE

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AMOUNT OF LOAN FORGIVENESS AND

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THE FAST PATH TOWARDS LOAN

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FORGIVENESS THAT THIS PLAN

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OFFERED COMPARED TO SOME OF THE

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OLDER PLANS UNDER THE SUITE OF

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INCOME DRIVEN REPAYMENT PLANS.

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WILLIAM: THESE TWO SUITS WERE

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BROUGHT BY A CONSORTIUM OF

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REPUBLICAN ATTORNEYS GENERAL IN

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DIFFERENT STATES AND RULED ON BY

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TWO JUDGES APPOINTED BY FORMER

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PRESIDENT OBAMA.

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WHAT WERE THEY ARGUING ABOUT

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WHAT IS ILLEGAL HERE?

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DANIELLE: BOTH OF THE JUDGES

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STARTED TO QUESTION WHETHER THE

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HIGHER EDUCATION ACT, WHICH OF

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SAVE PLAN IS ROOTED IN, REALLY

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AFFORDED THE ADMINISTRATION TO

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MAKE SUCH SWEEPING CHANGES

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WITHOUT CONGRESSIONAL APPROVAL.

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THEY BELIEVE THAT BOTH OF THESE

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CASES HAVE ENOUGH MERIT TO MOVE

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FORWARD BOTH JUDGES ALSO

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QUESTIONED ONCE ALL OF THESE

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LOANS ARE FORGIVEN, WHETHER

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THERE IS THE POTENTIAL FOR

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STATES TO MISS OUT ON A LOT OF

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REVENUE.

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KEEP IN MIND THAT BECAUSE OF A

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LAW THAT WAS PASSED DURING THE

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PANDEMIC, PEOPLE HAD THEIR

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STUDENT LOANS FORGIVEN ANYTIME

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BEFORE DECEMBER 2025 DON'T HAVE

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TO PAY STATE AND FEDERAL TAXES

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ON IT.

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THE STATES SAID WE ARE GOING TO

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MISS OUT ON POTENTIAL TAX

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REVENUE IF THIS PLAN CONTINUES

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ON.

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BUT THE EDUCATION DEPARTMENT AND

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THE BIDEN ADMINISTRATION HAS

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SAID THERE ARE A LOT OF OTHER

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STUDENT LOAN REPAYMENT PLANS

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THAT ARE CURRENTLY IN PLAY AND

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CREATING THE SAME KIND OF

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POTENTIAL HARM, AND WHY ARE YOU

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NOT GOING AFTER THOSE?

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WILLIAM: WITH THESE TWO RULINGS,

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WHAT DOES THIS MEAN FOR THE 8

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MILLION-PLUS PEOPLE WHO ARE

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CURRENTLY IN THAT PLAN?

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WHAT HAPPENS TO THEM NOW?

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DO THEIR PAYMENTS SUDDENLY START

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TO GO UP?

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WHAT DOES THE FUTURE LOOK LIKE

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FOR THEM?

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DANIELLE: YOU ARE RIGHT, ABOUT 8

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MILLION PEOPLE ARE PART OF THE

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SAFE PLAN FOR RIGHT NOW.

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THEIR PAYMENT STRUCTURE WILL

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STAY THE SAME.

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THE CHALLENGE IS THE FINAL PIECE

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OF THE PLAN THAT WAS SUPPOSED TO

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TAKE EFFECT JULY 1 WAS GOING TO

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CUT THOSE PAYMENTS IN HALF.

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IT WAS GOING TO LOWER IT EVEN

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FURTHER.

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THEY WILL NOT BE ABLE TO TAKE

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ADVANTAGE OF THAT.

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THEY WILL ALSO NOT BE ABLE TO

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TAKE ADVANTAGE OF THE LOAN

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FORGIVENESS PORTION OF THE PLAN.

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THE PROGRAM CREATES A FASTER

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PATH TO FORGIVENESS BY SAYING IF

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YOU BORROWED LESS THAN $12,000

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ORIGINALLY AND YOU HAVE BEEN IN

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REPAYMENT FOR 10 YEARS, THEN WE

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CAN FORGIVE YOUR REMAINING

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BALANCE.

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400,000 PEOPLE HAVE BENEFITED

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FROM THAT PLAN SINCE FEBRUARY.

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BUT THAT PORTION HAS NOW COME TO

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A HALT.

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ANYONE WHO IS IN THE QUEUE FOR

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THAT KIND OF FORGIVENESS WILL

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NOT BE RECEIVING IT, AS LONG AS

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THIS CASE GOES ON, AND UNTIL IT

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IS RESOLVED.

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WILLIAM: SEPARATE FROM THE LEGAL

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ARGUMENTS HERE, HOW BIG A BLOW

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IS THIS POLITICALLY FOR THE

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BIDEN ADMINISTRATION, WHICH HAS

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BEEN TRYING TO MAKE A LOT OF

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EFFORTS TO YOUNGER VOTERS TO SAY

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LOOK, WE ARE DOING THESE

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SUBSTANTIVE THINGS FOR YOU?

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THIS NOW HAS A MAJOR ROADBLOCK.

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DANIELLE: CERTAINLY THESE

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DECISIONS UNDERMINE THE BIDEN

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ADMINISTRATION'S EFFORTS TO

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REALLY STAKE OUT A CLAIM AS THE

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PRESIDENT WHO HAS DELIVERED THE

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MOST STUDENT LOAN FORGIVENESS,

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AND HAS BEEN THE MOST GENEROUS

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AND ADVANTAGEOUS TOWARDS

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BORROWERS.

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THERE ARE STILL MILLIONS OF

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PEOPLE WHO HAVE BENEFITED FROM

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BIDENS SUITE OF LOAN FORGIVENESS

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PLANS AND POLICIES, AND I

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IMAGINE THEY WILL STILL CONTINUE

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TO DO SO UNDER ALL THE POLICIES

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STILL IN PLAY.

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BUT IN THIS PARTICULAR PLAN THAT

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REALLY WAS A CORNERSTONE OF WHAT

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THE PRESIDENT WAS TRYING TO DO

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FOR BORROWERS, AND CREATE A

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LEGACY OF TRYING TO BE MORE

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GENEROUS AND UNDERSTANDING WITH

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PEOPLE WHO HAVE BEEN SETTLED

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WITH EDUCATION LOANS, THIS

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REALLY WAS A HIT.

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BUT LOOK, THE CASES ARE STILL

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GOING.

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WE DON'T KNOW WHAT THE OUTCOME

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IS.

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BUT THE TWO INJUNCTIONS

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CERTAINLY DO SIGNAL THAT THE

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COURT IS WILLING TO ENTERTAIN

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THESE ARGUMENTS AND COULD

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ULTIMATELY THE STATES COULD

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PREVAIL.

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WILLIAM: DANIELLE

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DOUGLAS-GABRIEL OF THE

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WASHINGTON POST, THANK YOU SO

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MUCH FOR BEING HERE AGAIN.

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DANIELLE: THANKS FOR HAVING ME.

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♪