Those who also receive pell grants. Student loan payments are now due to restart in october after a three year pause due to the pandemic. Interest on federal Student Loans will start accruing i september. Also this afternoon, education secretary Miguel Cardona will discuss the supreme urt decision on student loan forgiveness and lgbtq rights during the wte house briefing. First reacon from the attorneys general who brought the case from missouri and nebraska. Thank you for joining us. Today is a really important day for america because the Supreme Courts decision put a stop to it really was a breathtaking attempt to grab power by the Biden Administration. This case is about 500 million of taxpayer money, but its about how we all decided to govern ourselves in this country. Since our founding nearly 250 years ago, it is congress thats part of our separation of powers principles, it is congress that has the powers of the purse. The Biden Administration tried to pass student cancellation bills through a democratically held congress and was unable to do so. Also the state of kansas, the state of iowa for joining us in this historic lawsuit that we filed today. I will turn it over to general bailey. Thank you for your important leadership on this issue. To deliver this huge win for the people of the state of missouri. For me this is about the constitution, the rule of law and protecting working missouri families from getting settled with ivy league debt. Separation of powers doctrine means something. Our Founding Fathers understood you couldnt consolidate power in one branch of government because that would represent despotism. President biden tried to use a flick of a pen to its a rule of law one as well by using the major questions doctrine, the Supreme Court clarified that executive agencies cant exceed the scope of their statutory authority. You cant redline statutes out and fill in the blanks with what you want as unelected bureaucrats. Its also about basic fairness. As someone who paid for my college education, this one was personal. Paid for my college in blood, sweat and tears. Its only fair that working families not be stuck with other peoples debt. If you have any questions, please text them to susanne on my team and we will see if we have any questions. We dont have any questions yet. We will pause for a minute to see if there are any. Giving one last opportunity. Going once, going twice. Are there any more . What does this mean for every day missourians. This means the state coffers will not suffer a 44 million hit. At the end of the day, the court found the Missouri Higher Education Loan Authority was intended to administer Student Loans here in the state of missouri. When collecting payment on those loans, it uses the money to help fund colleges and University Campuses across the state. By taking those loan repayments away, President Biden was taking 44 million out of the state treasury of missouri that could have gone to improve Higher Education in the state of missouri. Im proud to stay say we were integral to the standing in the Supreme Court and the justices did the right thing by founding finding that missouri would be harmed by this plan. Thank you for your leadership and being a teammate on this particular case. I did read the standing section and we are grateful for your leadership and role in helping to join this suit. I would add two things for nebraskans at least. The first is by invalidating this particular program, the Supreme Court has undone an effort to really put in place the student Cancellation Program that frankly is unfair for nebraskans and citizens across the country because one question that can be asked is why should a technician or mechanic or someone who chose not to go to school, maybe a Hotel Service worker in las vegas pay for lawyers education in chicago . Those are fundamental issues of fairness. Beyond that, this principle of separation of powers is one that will protect our freedoms no matter where you are on this particular policy for student loan cancellation, we all should be grateful and i think men and women, republicans and democrats of goodwill should recognize that separating power is a bedrock principle of this country to help preserve freedom no matter where you are on this particular issue. Another question. What inspired missouri and nebraska to lead on this . Certainly speaking for me in nebraska, may be the number one issue i campaigned on was enforcing the batteries boundaries of the constitution. Our separation of powers was one i viewed being under threat by this administration has been much more than just this case if you think about the cdc Eviction Moratorium over the osha vaccine mandate, this Administration Time and again has gone outside of its constitutional lane. The ability to protect the constitution and the boundaries that were so thoughtfully laid in that document are Critical Role responsibility for me and my office. I would point out that President Biden understood this was wrong. The evidence of that is he tried to get a bill through congress. He knew he needed an appropriations bill and when he failed to get legislation through that branch of government, he then took unilateral action so he knew that was wrong. Did you know the question is did we know or feel at the end of oral arguments that the case was likely to come down this way. I dont ever want to get into the speculation game when it comes to the United StatesSupreme Court. We have nine incredibly smart thoughtful justices each you have nuanced principles and positions that they use to interpret statutes in the constitution. You dont want to get in the prediction game. Having said that, coming out of oral argument, i felt very good about the questions that were asked. We had fun justices who signed on to the opinion and did not ask any questions. Justice barrett did have a few questions during the oral argument. Very pleased to see her join the chiefs opinion. You just never know until the opinion comes down and we were on pins and needles like everyone else around the country waiting for that decision. At the end of the day, we were confident in our legal position. Thats why we brought the case. We thought the nebraska general did a fantastic job arguing the case. We were confident in our legal position. What is your response to the interest issue . How else can an issue be addressed . How do we respond to people who are suffering under heavy Interest Payments of their Student Loan Debt. Theres a few different responses. I have tremendous empathy for people who are under high Student Loan Debt. When my wife and i got married, had combined Student Loans that we were paying off. If you had told me i would have not had to make some of those payments, it would have meant a great deal to our grocery budget. Certainly today, the consequences of high interest rate, that is probably even doubly true today in terms of the burden. Theres a right way and a wrong way to do it. The right way is to go through congress and work through that system. As is a federal branch that gives voice to all corners of this country. The wrong way to do it is to go around congress and try to do it through the stroke of a pen. I think its fair to question why the Biden Administration went down this route in the first place given that President Biden and other democrats recognize that he probably didnt have the authority to do this in the first place. The question is what time have we lost and what frustrations doubled bubbled up to the surface because false expectations. At the end of the day the president didnt have the authority. We all would have been better off had he worked with the congress to try to work through some sort of student cancellation or Student Loan Relief that was supported by both parties. Working missouri families are struggling to make ends meet due to the high gas prices and inflationary measures. Settling working families with Student Loan Debt is not the answer. Its going to be statutes passed by congress. Do you think the president will try to shove this program through another way . To anticipate whether the president will try to shove this through another way . Im not certain. I cant speculate as to what the president will do. He has certain authorities and rights and prerogatives. Its really telling that the court has relied on the major questions. More and more frequently as barton continues to push the boundaries of his authority beyond the plain text of statutes and thats why this was a rule of law issue for me. Do you think this will have impact on future cases . Do we think that this will have an impact on other cases and whether this will help fight overreach down the road. I think there is enormous precedential impact here. The major questions doctrine stands for the principle that congress cant hide an elephant and a mouse hole. If you are going to redistribute Student Loan Debt, there needs to be clear explicit statutory language to do that. That fulfills rule of law principles. We are better off if the words and statutes are given their plain ordinary meaning. I would also point out that there is no sanction in the United States constitution for unelected democratic agencies. The Administrative State is not sanctioned by the constitution. Thats a form of soft despotism that has mushroomed especially under the Biden Administration. Continuing to use the tools to keep that growing monster in check is really critical i think this will be beneficial in achieving that goal. The court has been very steadfast in holding the line on these constitutional principles. In this case, my hope is this might serve as a deterrent from doing these types of attempts in the future. This case spent a lot of resources. There was a lot of time and attention. Maybe that raised expectations from certain members of the public in a way that didnt square with the law. Hopefully this will serve as a deterrent. If it doesnt come with court has made very clear and i think all of the other sister states that joined me in this lawsuit along with other states around the country will be steadfast as well in filing suits if we see the government go outside of its constitutional lien. Lane. Are you worried about the political ramifications. The question is student loan forgiveness is very popular amongst Younger Voters in particular and are we worried that this will be something that will impact us or others politically in races down the road. This isnt about politics. This is about doing the right thing. I found whether people are young, old or somewhere in between, people appreciate those who stand for principle and have the courage to stand up for that principle even if that means the result of that stand means that some policy that might be popular with a particular group is no longer law. What i will continue to do as Nebraska Attorney generals do the right thing under the constitution. Whether that gets rewarded is for others to determine. Thats not in my description as Nebraska Attorney general. At the end of the day, i am going to do the right thing for the right reasons and politics doesnt factor into that. I would also point out the people that support student loan forgiveness also support freedom and the rule of law. At the end of the day, that is what this lawsuit was all about. No more questions. Thank you all so much for joining. We really appreciate this as an important day for the country and the constitution. Appreciate your partnership and leadership. Victoria guida covers economics for politico