November 10, 2022
Washington, DC (November 10, 2022) – Today, the judge handling the Job Creators Network Foundation’s lawsuit against the Biden Administration’s student loan bailout declared the program illegal and vacated it.
Elaine Parker, President of Job Creators Network Foundation, released the following statement:
“The court has correctly ruled in favor of our motion and deemed the Biden student loan program illegal. The judge criticized the Biden Administration program, calling it ‘one of the largest exercises of legislative power without congressional authority in the history of the United States.’ This ruling protects the rule of law which requires all Americans to have their voices heard by their federal government. This attempted illegal student loan bailout would have done nothing to address the root cause of unaffordable tuition: greedy and bloated colleges that raise tuition far more than inflation year after year while sitting on $700 billion in endowments. We hope that the court’s decision today will lay the groundwork for real solutions to the student loan crisis.”
To learn more about JCN’s lawsuit against the student loan bailout, click here.