by Uta 2023 Academic Calendar – Although the plan was in place to benefit millions of admitted students, it was ruled unconstitutional and stopped last week by a North Texas court.
According to the university, 44 percent of UTA undergraduates take out loans to graduate, borrowing an average of $20,255. Part of that debt that the Biden-Harris administration plan sought to eliminate now remains in limbo.
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Last week, a north Texas court permanently froze President Joe Biden’s student loan forgiveness plan in a ruling that it ruled unconstitutional. The ruling by U.S. District Court Judge Mark Pittman in Fort Worth comes after weeks of stalling the plan amid other court disputes over whether the various opposing parties have a chance to sue.
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In an executive order in August, Biden announced a plan to fulfill a long-standing presidential promise to cancel up to $20,000 in student debt for Pell Grant recipients and provide up to $10,000 in cancellations to non-Pell Grant recipients if their individual incomes are lower. $125,000 or more than $250,000 for married couples, according to a White House statement.
The goal of the program is to reduce the cumulative federal student debt owed by more than 45 million borrowers by $1.6 trillion, according to a news release. The congressional budget estimates that 95% of the 37 million people with federal loans meet the income criteria.
“Whether a program is good public policy is not for this court to decide,” Pittman wrote. “However, no one can deny that it is one of the largest delegations of legislative power to the executive branch or one of the largest exercises of legislative power without the authority of Congress in US history.”
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The two plaintiffs behind the latest lawsuit, Myra Brown, a student at the University of Texas at El Paso, and Alexander Taylor, a former student at the University of Dallas, filed the lawsuit after finding that their student loans were not eligible for forgiveness.
Now, millions of borrowers who are eligible for forgiveness — as much as $430 trillion — could see their debts wiped out, according to the Congressional Budget Office.
Following last week’s decision, the Ministry of Education stopped accepting applications for the program until further notice. The Justice Department appealed the court’s decision, leaving the plan’s future up to the 5th U.S. Circuit Court of Appeals.
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The Ministry of Education, which has already received more than 26 million applications, agreed to forgive loans for 16 million people before the suspension, according to a press release from the Ministry.
86 percent of UTA’s student loans are federal and may be eligible for aid, said Karen Krause, executive director of financial aid, scholarship and veterans benefits processing. Colleges typically recommend federal loans over private loans because they have the best interest rates and repayment terms.
Of UTA students who take on debt, 36% are not Pell Grant recipients, meaning more than half could end up with $20,000 in debt. According to the university, 27 percent of undergraduate borrowers graduated with less than $10,000 in debt.
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Tyrell Cabrigas attended UTA from Fall 2018 to Spring 2020, majoring in Pre-Nursing. He didn’t rely on loans while there, but said he has had to borrow between $7,000 and $10,000 per semester since transferring to the private school.
Cabrigas is frustrated by students having to take out loans to get their degree, he said. Many students who have to take out loans are not promised enough jobs to pay them later.
Recently, the country has experienced confusion over what should be allowed under “emergency powers,” political science professor Brent Boyea said. People are wondering why Biden didn’t pass the bill through Congress.
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“That’s really the crux of the argument: Does the president have the authority to create policy of this magnitude with the wave of a pen?” said Boyea.
Before last week’s ruling, the plan was awaiting a decision by the 8th U.S. Circuit Court of Appeals, which was put on hold in October for another case. On Monday, he confirmed that the suspension will remain in effect until ordered by the court or the US Supreme Court.
The six states behind the 8th Circuit lawsuit argued the program exceeded the secretary of state’s state authority and would harm the states and their member lenders and servicers, according to an opinion by U.S. District Judge Henry Edward Autrey.
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The court ruled that the question was open and the program should not continue until the legal justification for loan forgiveness was determined, Boyea said.
The Supreme Court has already rejected two other attempts to block the program since Nov. 6, according to Forbes. Boyea said he could see the case go to the Supreme Court later, but the law may have to go into effect before it can be considered.
Today’s plan is from March 2020, when the emergence of COVID-19 further affected the student loan situation. During the pandemic, lenders allowed millions of borrowers to delay paying off their loans. Those unpaid loans kept piling up and causing problems, Boyea said.
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The Trump administration suspended loan payments in March 2020 and temporarily set interest rates at 0% as part of the CARES Act, according to White House filings.
Although the program was originally set to expire in September 2020, it has been continuously extended. In August 2022, the U.S. Department of Education extended the moratorium a final time until Dec. 31, 2022, meaning borrowers were scheduled to resume payments in 2023, according to a U.S. Department of Education news release.
Since Biden announced the plan in August, he has faced criticism particularly for his use of executive power, Boyea said.
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Sixty-two percent of U.S. adults age 25 and older did not have a four-year college degree in 2021, according to a Pew Research Center analysis of current Population Survey data. Boyea said loan forgiveness could create a situation where 62 percent of people, mostly people near or below the median income, pay the other 38 percent of college-educated people, and the prospect has created some hostility.
Cabrigas said loan forgiveness is generally a good thing, but it’s probably not the best time for many people. This is unfortunate for those who have already paid off their loans and are hearing about loan forgiveness.
Boyea said Democrats backing the plan are focusing on the outstanding $1.6 trillion owed by graduates across the country as an economic waste the government can do something about.
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Some Democrats argue that the federal government has a responsibility to help reduce the debt for the sake of fairness. Still, some Republicans call it a Democratic attempt to buy votes, he said. Loan forgiveness is particularly popular among minorities and young voters, and those groups may be more inclined to vote Democratic if their debts are eliminated.
Amid the debate over what is fair and what is unfair about the pardon, Krause said he’s glad there are limits and that it makes sense to have some income requirements. Some students go into fields like teaching and social work, which by definition have lower pay. Glad to see that was considered.
There is a precedent for the federal government to forgive student loans, most notably through the Public Service Loan Forgiveness Program launched in 2007. This program was to eliminate the debt of borrowers who work at least ten years in the public service, such as teachers. and nurses, according to the US Government Accountability Office.
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In the end, Cabrigas said he will take care of his loans. But he doesn’t like to focus on future problems.
“It doesn’t really affect me now,” he said. “I try not to worry about long-term loans after I graduate, get a job.”
The article was updated with the correct information on November 16. Tyrell Cabrigas attended UTA for a bachelor’s degree in nursing.
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© Copyright 2022 The Shorthorn, Box 19038 Arlington, TX| Rules, procedures and terms of use Privacy Policy President Jennifer Cowley will officially begin April 28 at UTA. However, before his tenure officially began, the tenth and first president had already left his mark on the university by announcing multiple top searches.
UTA President Jennifer Cowley walks on stage during the presidential induction ceremony Sept. 30 at the College Park Center. Cowley is the third UTA president to decide to make an investment.
From immersing herself in the campus community, Jennifer Cowley is preparing to present the campus master plan.
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President Jennifer Cowley will officially begin at UTA on April 28. However, before her tenure officially began, the tenth and first female president had already made her mark by announcing multiple searches for top positions at the university. Photo by Ronald Bolanos
From her dark academic attire at her commencement ceremony to walking around the University Center in a blue inflatable Among Us Halloween costume, it’s been a very busy first semester for Jennifer Cowley as UTA president.
In February, he was announced as Cowley
