Biden’s Student Loan Forgiveness Plan faces legal conflict

President Joe Biden’s Student Loan Forgiveness Plan is currently going through legal set-backs.

The bill, which would provide millions of dollars to students to help with paying their loans, has gone through a series of delays as various third parties insist on the unconstitutionality of the bill.

The original plan was to provide up to $20,000 of student loan forgiveness to thousands of low-income students who had taken out federal loans. But it has faced legal pushbacks from various entities, such as lawmakers and schools alike.

“We welcome the Supreme Court’s decision to hear the case on our student debt relief plan. @POTUS & I will keep fighting against eff orts by Republican officials & special interests to deny middle-class families the relief they need and deserve,” Secretary of Education Miguel Cardona wrote in a Tweet on Jan. 23.

The case has been brought to the Supreme Court, which will begin proceedings on Feb. 28, where legal arguments will be heard around the president’s Student Loan Forgiveness Plan that faces at least six lawsuits from various parties, including Lincoln Educational Services Corp., American National University and Everglades College, Inc.

“Paying off debt with financial institutions, I think, in my opinion, is a useless, or not effective use of income, or in this case, discretionary income,” said Ransford Edwards, assistant professor in the Department of History and Political Science.

Many students share a similar sentiment about student loans and believe in the positive effect Biden’s plan can have on their futures.

“I think that a lot of us pay a significant amount for education, and for a lot of us, this is our future. We are here because of what we want to do,” said Milo Thomas, freshman theatre major. “Money stress is something that a lot of people can relate to, and when you are trying to build a future for your-self, especially after college, student loan forgiveness is a huge part of that.”

Some students believe, if approved, this bill would make paying loans easier after graduation.

“I think it’s undoubtedly good for students if they have pro-grams like these that put people in a position where they are able to take care of themselves,” fourth-year Razor’s Edge Scholar Nathan Wenrich said. “I think that there is a substantial portion of the university population that needs these services.”

Yet, some NSU students worry this plan would negatively impact the economy of the United States as a whole.

“I think that it could affect the economy in a negative way sim-ply due to just the legal aspects of it,” Khalil Chase, freshman business management major, said. “Because when you think about it, the taxes that you pay and the student loans that you take out go back into the environment. Taxes would increase so that you could do that.”

Edwards disagreed.

“Particularly for Nova students, I think this would allow students to focus more on education, more on student life, and more of the joys of being an NSU shark,” Edwards said.