Who has standing to challenge it? I agree that it’s obviously illegal. Presidents cannot make budgetary decisions of this magnitude without congress, but who has standing?
2. Any of us who paid off their student loans, and/or did not co-sign for anyone else. We as a country have no legal or moral obligation to pay anyone's loans (that's gifting taxpayer $ to individuals). The gov't has placed us and our descendants in a state of Involuntary Servitude (at the point of a gun, under penalty of law) to pay with either direct taxes (confiscation of property) or indirect taxes (inflation from gov't money-printing, still confiscation of property: our earnings), again under penalty of law/point of a gun. Both of which happened (a) without Congressional approval or Due Process of Law. 5th and 13th Amendment violations, under color of law.
Of course, neither lending money and forgiving debts are found in either Article I, Section 8 nor anywhere in Article II, nor in any current Amendments to the Constitution. Nor is "education" listed as an area of authority delegated to fedgov, so that is retained by the People and the States (10th Amdt). Thanks, Jimmah Cahtah.
Even the Dept of Education's own Office of Legal Counsel memo says they can't do it. West Virginia v. EPA also calls this into question, as would the Bruen framework.
Members of Congress who say that this is an executive usurpation of an enumerated power of Congress.
-PJ
No one has standing to challenge it. If Republicans held the House and the Senate, they would have, but they don’t and they wont.