Posted on 06/30/2023 7:52:12 AM PDT by Eleutheria5
The Supreme Court has struck down President Joe Biden's $400 billion student loans forgiveness plan in another bombshell decision.
The justices ruled 6-3 against Biden's controversial plan to wipe out debts for around 20 million Americans, which the 8th U.S. Circuit Court of Appeals blocked in October.
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(Excerpt) Read more at dailymail.co.uk ...
Liberal single white college grads in “(anything) Studies” hardest hit. Got the sads!
The election is won by “ who floods the boxes with the most ballots”.
The election is stolen by “those who order and print enough ballots to cover the difference”.
Isn’t it surprising that some think that most physicians and lawyers make 500k and up.
While I know some that do, most don’t.
Thank goodness! this is the one I was afraid we might lose.
Honestly, not paying your student loan debt is a federal crime and Biden has the unlimited ability to pardon anyone for a federal crime. Biden has the power to simply pardon everyone with a student loan preemptively for failure to repay.
The president is incredibly powerful.
But for now, we have a victory.
I am still not happy about the ruling on state legislators and mapping THAT was a dead wrong ruling!
what’s really wrong about it, is that the courts thought it was AOK when the Democrats did the EXACT SAME THING for decades.
Only now that Republicans caught on and started doing it is it no longer allowed.
It is surprising, but it shouldn’t matter.
Medical school teachers in the first two years are lab scientists who are compensated by grants or, more recently, monetizing discoveries. Teachers in the clinical years are compensated by professional fees for patient care.
I taught third and fourth year students for 30 years and never got a dime.
So, the issue is, other than the cost of organizing the lectures and the clinical rotations, and heating the building and other utilities, what justifies a fee of
$360,000-$400,000 to become a doctor?
And, if you are that rare unicorn they all say they want - don’t have fabulously wealthy parents (willing to support you through your 20s and early 30s), out of college and employed, broadly educated and smart - WTF are you supposed to do about these charges?
I don’t think this should be considered landmark. MOHELA had standing, for example. This really comes down to the Executive impinging on the Legislative.
Not hard to see why given how much power the Legislative has ceded to the Executive over the past 50-70 years.
Hopefully there will be a follow up ruling that recognizes employers’s right to fire AA hires. Not only are AA hires are incompetent, with very few exceptions, they are ‘protected’ in their employment. All they need to do is cry racism or sexist, etc.
We could use that on nearly every thread around here.
Also curious about how this will affect Obama’s policy of removing student loans from bankruptcy claims.
When I was in college, I remember my mom giving me a check to take to the University accounts office. The total of that check was something like $1500 that included my room at the dorm. I think that was a semester check which means the year total would’ve been around $3000. I looked it up and the same university today is $6000 for tuition and $11,000 for room and board. I was very lucky that I was one of the last classes that went through while tuition was still reasonable, even though it was considered very expensive at the time. My parents had invested in real estate that they rented out until it was time for me and my brother to go through college and then they sold it and used that to pay for our college tuition. That’s not even possible these days as everybody is mortgaged to the hilt.
Great points.
Victor Hanson repeatedly makes this point. University counselors and administrators should meet with incoming students to identity a useful career path that can lead to the income to pay off the student loan.
Of course, the very biggest problem is that the federal government is making student loans at all. University education inflation took off as soon as the government made more money available. Facilities got gold plated and students took five or six years to graduate. When it was your OWN money at stake, you got in, got educated, and got out as fast as you can. The universities were fiscally responsible and didn’t respond to the perverse incentives of the GD federal government.
Get government OUT of higher education and the problem would be self-correcting in a few short years.
I don't believe either of them have a say in much of anything. They're just doltish and noticeably addled figureheads.
What?
As a class, I prefer the discriptor, Grievance Studies.
My wife and I went to college and graduated with degrees in Computer Science. We had to take out loans and worked summer jobs to pay the bills while still taking summer classes. We went to work and paid off those loans. What I want to know is, is this student loan forgiveness plan retroactive? Do my wife and I get a check in the mail for forgiveness? Something tells me no. You took the money pay it back! Ain’t nothin’ in this life that’s free. Enough said.
What you said.
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