"Although I hate to judge before all the facts are in, it appears that he exceeded his authority"
Posted on 02/21/2024 9:23:45 AM PST by ChicagoConservative27
The White House said Wednesday it is canceling $1.2 billion worth of student loans for some 153,000 people, moving forward with a piecemeal solution to its debt forgiveness pledge after the Supreme Court struck down an earlier scheme to cancel $430 billion.
“With today’s announcement, we are once again sending a clear message to borrowers who had low balances: if you’ve been paying for a decade, you’ve done your part, and you deserve relief,” Education Secretary Miguel Cardona said in a statement.
“Under President Biden’s leadership, our Administration has now approved loan forgiveness for nearly 3.9 million borrowers, and our historic fight to cancel student debt isn’t over yet.”
This past June, the high court struck down the Biden administration’s attempt to cancel $430 billion in loans for 43 million student borrowers under a 2003 law meant to financially assist veterans of the Iraq and Afghanistan wars.
(Excerpt) Read more at nypost.com ...
Sweet! Just like being gifted a car by Oprah.
“Under President Biden’s leadership, our Administration has now approved loan forgiveness for nearly 3.9 million borrowers, and our historic fight to cancel student debt isn’t over yet.”...................This is called “leadership”? No wonder Biden’s such a loser instead of a leader.
"Although I hate to judge before all the facts are in, it appears that he exceeded his authority"
Yes
43 million student borrowers actually borrowed money to go to college?
Seems kinda high to me.
Yes
43 million student borrowers actually borrowed money to go to college?
Seems kinda high to me.
https://www.bestcolleges.com/research/college-enrollment-statistics/
Why?
What institution LOANED this money out??
Won't they be kinda pissed if they do NOT get their money back?
> What institution LOANED this money out?? <
I don’t think that matters. From what I can tell, Biden is talking about loans that are federally guaranteed. So if a loan is forgiven, the loaning institution is made whole with money coming from the US Treasury.
I could be wrong. But that’s my understanding.
Higher education” is better at milking the govt than the search for truth, and they are very effective at the former. Guaranteed loans, they don’t risk their own money.
Is he concentrating those forgivenesses on the swing states?
“You’ve done your part.” The money line.
Which is a felony but of course once again the RINOpublican party won’t do anything about it so as result, we continue to live under this dictator who shouldn’t even be in office in the first place if Republicans had gotten off their do nothing asses and stopped Democrats from changing election laws in 2020
HMMMmmm...
Look at it this way, You are paying the salaries of all of the “Professors” who want you and me dead, because MAGA, Trump, two sexes, a republic, laws, morals....Need I go on? Plus the ONE class they teach all semester and pull down $250Gs to do that.
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