The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.
The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.
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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.
Are you not informed about the political realities and the limits of power of the Executive branch?
I think we all would, and Biden tried the big broad fix. The Supreme Court shot it down in June of last year:
Supreme Court strikes down Biden student-loan forgiveness program
“By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven.”
source
So instead of doing nothing, Biden is working within the limits of the power he does have to provide student loan forgiveness. Yes its patchwork, yes we’d like a broader application of student loan forgiveness. He tried. Its not in his power.
The president is the most powerful person in this country. He is explicitly empowered by Congress to forgive student debt. The only actor here that is limited in power is our SCOTUS who constantly over step their bounds, make up judicial theory out of whole cloth, or ignore their own rules.
How come I never hear the experts say they are limited power in these executive vs judicial debates?
The office is, yes. It still doesn’t mean he’s an all powerful king. We have power divided into 3rds to provide checks and balances. The Executive is only 1/3rd.
I’d like a citation on that claim.
Then why are you complaining that Biden isn’t doing enough?
That part is correct, but the Supreme Court will probably make up some fake “major questions” to deny it.
https://www.warren.senate.gov/imo/media/doc/Ltr to Warren re admin debt cancellation.pdf
Funny you bring up a king. Biden is empowered by congress to forgive debt, people broadly support student debt relief. How is forgiving debt acting like a king in this circumstance?
I think you are confusing the actions of the unelected SCOTUS who routinely takes actions against the will of the people. If Biden wants to stop unilateral actions, he literally needs to fight against this far right SCOTUS.
Why are you arguing about student debt relief if you don’t know the law that empowers POTUS? It’s cited by Biden himself, but you can google yourself, you might learn something.
I asked for a citation on this. Show me where you’re seeing that please.
You make the claim, you’ve got to back it up.
I’m not a fan of the current make up of the SCOTUS, but its never been their job to represent the “will of the people”. Their job is to interpret laws written by the Legislative Branch and signed into by the Executive.
I don’t think you have a good grasp of the basics of our system of government.
If you’re looking for insurrectionists, you’ll find them on the Conservative side.