In 4 days, SCOTUS hears arguments on a case seeking to stop President Biden’s life-changing student debt relief plan.
Here’s a 🧵on 4 things you should know before then:
Here’s a 🧵on 4 things you should know before then:
On August 24, 2023, @POTUS heeded the call of borrowers, advocates & activists & announced that he would cancel up to $20,000 in student loan debt for people earning less than $125,000.
After the Nov. application launch, 26M borrowers applied & 16M borrowers were approved.
After the Nov. application launch, 26M borrowers applied & 16M borrowers were approved.
In October, six Republican AGs, including Missouri’s, filed a lawsuit challenging student loan debt relief, falsely claiming it would threaten the revenue of loan servicers like MOHELA.
So I sent a letter to MOHELA asking how they are involved.
So I sent a letter to MOHELA asking how they are involved.
MOHELA replied & said:
1️⃣“their executives were not involved” in the lawsuit
2️⃣ they “do not exist to make profits," & they would fulfill their “obligations pursuant to its federal servicing loan contract”
Also BTW, MOHELA hasn’t paid its debt to MO in a decade.
1️⃣“their executives were not involved” in the lawsuit
2️⃣ they “do not exist to make profits," & they would fulfill their “obligations pursuant to its federal servicing loan contract”
Also BTW, MOHELA hasn’t paid its debt to MO in a decade.
This whole case is the latest example of the GOP putting profits over people & championing policies that hurt our communities.
@SCOTUS must stand with millions of borrowers depending on life-changing student loan debt relief & affirm @POTUS's authority to #CancelStudentDebt
@SCOTUS must stand with millions of borrowers depending on life-changing student loan debt relief & affirm @POTUS's authority to #CancelStudentDebt
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