SCOTUS student loan decision affects more than 100,000 Hawaii borrowers

BIDEN'S STUDENT LOAN FORGIVENESS PROGRAM.. GOT THEIR ANSWER TODAY. THE SUPREME COURT MAJORITY RULING THE PROGRAM WAS AN UNLAWFUL EXERCISE OF PRESIDENTIAL POWERS... FOLKS ACROSS THE COUNTRY AND HERE IN HAWAII ARE NOW PREPARING TO REPAY THOSE LOANS IN OCTOBER. MAX RODRIGUEZ REPORTS. TH SANDS OF FEDERAL LOAN BORROWERS IN HAWAII HAVE BEEN IN LIMBO-- WAITING FOR A SUPREME COURT DECISION ON PRESIDENT BIDEN'S PROGRAM THAT COULD ERASE BETWEEN 10 TO 20 THOUSAND DOLLARS OFF THEIR STUDENT LOANS. AMY NIELSEN: "IT'S EXPENSIVE TO GO TO SCHOOL, IT'S EXPENSIVE TO BECOME A DOCTON IT'S EXPENSIVE TO DO THE KINDS OF THINGS THAT WE DO." ON FRIDAY... THTHE SUPREMCOURT STRIKING DOWN THAT PROGRAM IN A SIX TO THREE RULING-- SAYING THE BIDEN ADMINISTRATION OVERSTEPPED ITS EXECUTIVE POWERS BY TRYING TO CLEAR MORE THAN $400 BILLION IN STUDENT LOANS. CONSTITUTIONAL LAW PROFESSOR ANDREA FREEMAN DISAGREES WITH THE BASIS OF THE DECISION. ANDREA FREEMAN: "EXECUTIVE POWER IS NOT VERY WELL DEFINED, IT'S SOMETHING THAT CHANGES BECAUSE IT'S NOT WRITTEN VERY CLEAR IN THE CONSTITUTION." MORE THAN 100,000 HAWAII RESIDENTS WOULD HAVE SEEN SOME RELIEF IN THE AMOUNT THEY OWE... SOME STATE LAWMAKERS SHOWING DISAPPOINTMENT IN THE OUTCOME. SPEAKER SCOTT SAIKI: "SOME PEOPLE ARE PAYING, REPAYING THEIR STUDENT LOANS OVER YEARS AND YEARS AND SOMETIMES EVEN DECADES SO THE MORE DISPOSABLE INCOME THAT YOU PROVIDE SOMEONE THE BETTER FOR EVERYONE ELSE IN OUR SOCIETY. 7:18." SOME FOLKS HERE IN DOWNTOWN TELLING ME A LITTLE HELP ON THEIR STUDENT LOANS COULD GO A LONG Y. 11:58 AMY NIELSON: "I WILL OWE UPWARDS OF $120, 000 SO IT WOULD BE A BIG CHUNK IF I COULD HAVE JUST, EVEN JUST A LITTLE BIT OF HELP." FEDERAL STUDENT LOAN REPAYMENTS HAVE BEEN ON USE SINCE THE COVID-19 PANDEMIC... THOSE REPAYMENTS WILL RESUME IN OCTOBER. THE U.S. DEPARTMENT OF EDUCATION ASKING BORROWERS TO CHECK THEIR CONTACT INFORMATION WITH THEIR LOAN OFFICERS... AS REPAYMENT INFORMATION IS LIKELY ON THE WAY. THE BIDEN ADMINISTRATION NOW SEEKING ALTERNATIVE PATHS TO PROVIDE RELIEF TO AMERICANS BURDENED WITH STUDENT LOANS. MAX RODRIGUEZ KHON2 NEWS WORKING FOR HAWAII.

Channel: KHON2 News

Views: 41,552

Keywords: khon, working for hawaii, hawaii news, hawaii, hawaii sports, maui news, kauai news, molokai, lanai, big island, aloha news, aloha state

Id: s97yQ7Lrbn4

Length: 2min 12sec (132 seconds)

Published: Sat Jul 01 2023