INDIANAPOLIS — Since President Joe Biden's August announcement of student loan forgiveness, legal experts have known there would be some sort of challenge to the plan. However, finding someone who could say the forgiveness would negatively impact stumped some people. That's no longer the case.
Department of Education and Secretary Miguel Cardona. The lawsuit lays out why Garrison would be harmed.Garrison, who works for Pacific Legal Foundation as an attorney, is on track to have his student loans forgiven, tax free, through the Public Servant Loan Forgiveness program. He's on year 6 of monthly payments through the 10-year-plan. After 10 years, the remainder of his student loan debt would be forgiven tax-free.
"This entire program is illegal," Poon said."The president is ignoring law that says when the Federal Government makes loans to student borrowers, those loans have to be paid back unless Congress makes an exception like the Public Service Loan Forgiveness program." As of this article being published, the Biden Administration has not commented on this suit, but has pushed back on claims the debt forgiveness is illegal. Education Secretary Miguel Cardona says the"Heroes act of 2003" allows him to cancel debt for people who faced hardship during the pandemic.An estimated 8 million people won't have to apply for student loan forgiveness because they're on Income-Driven-Repayment plans.
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Frank Garrison, the ATTORNEY, can't pay his student loans!! He's suing because he'd have to pay a few hundred in tax on saving TWENTY THOUSAND $$$!! Libertarianism now stands for freedom from INTELLIGENCE!! 😂
What a waste, but yes greedy red Indiana has to tax everything.
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