New Documents Undermine Supreme Court Student Debt Case

[Afro]

New Documents Undermine Supreme Court Student Debt Case

The Roberts court appears willing to ignore its purported judicial principles in order to end Biden’s student debt relief plan.

www.levernews.com

Newly unearthed documents show a major student loan servicer is projecting revenue increases even under President Joe Biden’s debt cancellation plan — directly undermining the argument Republican officials are making in their lawsuit to block the measure. But conservative justices on the Supreme Court appear prepared to strike down the debt relief program anyways, disregarding the evidence and their own legal theories to fulfill the wishes of the dark money network that helped build their Supreme Court supermajority.

At issue is the concept of “standing” — a legal term for who is allowed to bring a case to the judiciary. For years, the Supreme Court’s conservative majority has consistently shut down cases they don’t like by insisting that plaintiffs are unharmed and therefore do not have standing to be in court. However, in Republicans’ current case attempting to block student debt relief, the same conservative justices are ignoring financial records refuting any claims of harm from the proposal.

Internal records from the Missouri student loan servicer that Republican states are arguing would be harmed by Biden’s plan show the entity has actually seen a massive revenue increase in recent years that is projected to continue even if debt relief goes into effect.

“There has been no fact-finding, no discovery, [and] the case was rushed forward using a rare procedure,” said Astra Taylor, a co-founder of the Debt Collective, a debtors’ union which unearthed the new documents. “We are a very small group, we are half volunteers, and we are doing the court’s homework, we are doing the government’s work in finding these facts. And they are not ambiguous.”

 

[Astroslik]

Will have to look at this data. Curious how revenue increased. More private student loans and higher education enrollment the last few years?

 

[Afro]

Will have to look at this data. Curious how revenue increased. More private student loans and higher education enrollment the last few years?

More or less, the train never stopped.

The internal documents reveal that MOHELA recently acquired a new loan servicing contract, and so has actually seen a massive increase in its accounts since the loan repayment pause took effect in 2020. Even if Biden’s plan goes into effect, and an estimated two million of MOHELA’s accounts had their debt fully canceled, the company would still be servicing more accounts than before the pandemic.

Biden’s plan would end the current pause on student debt payments — meaning the rate that MOHELA gets paid to service federal loans will increase from $2 to nearly $3 per account if the plan goes into effect.

 

[Thavoiceofthevoiceless]

Dark money has been running Congress and the Supreme Court for years now, so none of this information should be surprising in the slightest unfortunately. The fukked up part about it is that they've taken away resources from the student loan companies so it's going to be hell when loans start back.

Your favorite politicians are making decisions sorely on their own without any influence and it'd be naive for anyone to believe otherwise.

 

[Secure Da Bag]

Talk about freedom and democracy and do everything in your power to erode it, pol-rehs.

 

[I Really Mean It]

this assumes the conservative justices on the court care about sound arguments.