The Biden Administration announced they are extending the student loan repayment pause and forgiving 10k in student loans, but....

They used the 2003 HEROES ACT to legally justify it.  What is the HEROES act and can they legally do that?

The Act was put in place to help people experiencing financial loss from 9/11 and only grants power during national emergencies.

Is COVID still a national emergency AND did student loans cause people additional financial hardship?

I don't know about COVID, but financially the answer is no.  Federal payments were paused with zero percent interest rates.  Therefore...

A law suit is most likely coming and we'll see what the courts say.  Many legal experts say the courts are going to decide against it.

Swipe up for more info on the recent announcement