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What Happens to Forgiven Loans if Biden Loses in Court? (Podcast)

Aug. 30, 2022, 7:45 PM

It’s a near certainty that someone, somewhere will challenge President Biden’s student loan forgiveness plan in court. What’s uncertain is what will happen if Biden loses.

Listen here and subscribe to On The Merits on Apple Podcasts, Spotify, Google Podcasts, Megaphone, or Audible.

As a legal justification for wiping out billions in student loans, the White House cited a post-9/11 law originally conceived as a way to help soldiers fighting in Iraq and Afghanistan. Some administrative law experts question the legality of using this law to forgive student loans during the ongoing Covid-19 pandemic.

On today’s episode of our weekly legal news podcast, On The Merits, Bloomberg Law White House reporter Courtney Rozen sets up the coming legal fight over the extent of presidential authority around student loans. And she discusses what could happen if the program ultimately gets struck down in court.

Do you have feedback on this episode of On The Merits? Give us a call and leave a voicemail at 703-341-3690.

To contact the reporter on this story: David Schultz in Washington at dschultz@bloombergindustry.com