Supreme Setback

Court Blocks Biden’s Student Loan Forgiveness Plan

In a move that left millions of student loan borrowers in uncertainty, the Supreme Court ruled against the Biden administration’s loan forgiveness plan on June 29. While the ruling was a setback for those who were hoping for debt relief, protests have already begun in hopes of combating the decision.

In a 6-3 decision, the Supreme Court held that federal law does not allow the secretary of education to cancel more than $430 billion in student loan debt, a man that is responsible for loan burdens of over 40 million Americans.

The Supreme Court’s ruling has ignited heated and controversial debates, with reactions split along party lines.

The impact of this decision has reverberated throughout the country and many universities including Oklahoma State University. Students and faculty are grappling with the implications of the decision and what it could mean for the future of higher education.

In response to the Supreme Court’s ruling, OSU, like other universities, is now faced with the task of assisting its student population navigate the complex landscape of repayment plans. Financial aid offices are working to provide guidance and resources to its students.

“The Secretary’s plan canceled roughly $430 billion of federal student loan balances, decision. “This Nation’s constitutional history does not tolerate that choice.” Cole Cirilo, a natural re - source ecology and management junior, believes the decision is a great change.

See Admissions on 6 completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600,”

Chief Justice John Roberts wrote to the public. “Six states sued, arguing that the HEROES Act does not authorize the loan cancellation plan. We agree.”

The HEROES Act was a statute the Biden administration had relied upon to justify the debt relief program.

The Biden administration’s loan forgiveness plan, which was launched in August of 2022, had aimed to provide an impact regarding relief for borrowers, particularly those with lower incomes. The program aimed to forgive up to $10,000 in student debt for eligible borrowers making less than $125,000 annually. Prior to legal challenges that paused the program, more than 26 million people had applied and/or already provided enough information to the Education Department to be deemed eligible.

In the wake of the Supreme Court’s ruling, President Biden has given his commitment finding alternative avenues for providing relief to student loan borrowers. In a statement given on June 30, Biden stated “I will stop at nothing to find other ways to deliver relief to hard-working middle class families. My Administration will continue to work to bring the promise of higher education to every American.” of

Yormark ingraining background into Big 12

that’s good,” said UCF athletic director Terry Mohajir. “From what we need and the transition for the four new schools coming into the Big 12 and being able to capture and monetize the exposure opportunities for the league. He was a perfect hire.”

The list of things he’s accomplished so far, is a lengthy, but impressive one.

ARLINGTON, Texas − Brett Yormark’s statement from last year is taking shape for the conference – younger, hipper, cooler.

Yormark had zero college athletics experience prior to his hire as Big 12 commissioner last year, but that didn’t stop him from changing the conference.

He’s steering the Big 12 from simply a student-athletic conference to a money-making business and entertainment company that supports its student-athletes, universities and communities to achieve desired goals.

So far, it’s working, and athletic directors around the conference are taking notice. “There’s no other commissioner like him in the country, and

Yormark most importantly secured the conference’s media rights deal with ESPN and FOX through 2031. The money for each school increased to more than $40 million – and that’s without Oklahoma and Texas.

He’s added conference events in New York’s most famous basketball playground Rucker Park and introduced Big 12 Mexico, which will allow regular-season games in basketball and women’s soccer to be played in the country. Yormark also introduced a Big 12 Pro Day with the NFL.

In Kansas City at the Big 12 basketball championships, Yormark brought former basketball superstar Shaquille O’Neal to play a DJ set in the Power & Light District. He got hip-hop legend Fat Joe to play a VIP performance during the tournament and had superstar Jordin Sparks sing the national anthem. no other conference is doing.

For the Big 12 football championship game, the Big 12 logos on the hash marks of the 25-yard line were colored in camo, highlighting a partnership between the conference and BAPE – a clothing brand short for A Bathing Ape.

Yormark announced an extension of the football championship game in AT&T Stadium and said there will be halftime show by a “major artist” starting next year.

The conference even added school-themed food to the menu at the basketball and baseball championships including a K-State Wabash Cannondog featuring a purple relish and a Stormin’ from Norman Oklahoma Taco.

All of this is proof that Yormark is changing the conference to hone in on the entertainment, fan-engaging and business side of the conference.

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