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Biden Moving Ahead With More Student Debt ‘Forgiveness’ Despite Legal Rulings Against it

Biden Moving Ahead With More Student Debt ‘Forgiveness’ Despite Legal Rulings Against it

“As with previous iterations of debt-relief plans, criticism of the proposal was swift and forceful”

Joe Biden is defying the U.S. Supreme Court and gets no pushback from the media at all.

Inside Higher Ed reports:

Biden Moves Forward With Next Debt Relief Plan Despite Legal Challenges

President Joe Biden’s latest debt-relief plan would benefit eight million people, if enacted, but the plan will likely face legal challenges and might never see the light of day.

The long-awaited proposal, released Friday and geared toward helping borrowers experiencing financial hardship, is the final piece of the Biden administration’s second attempt to provide student debt relief to millions of Americans. The first effort, which would have benefited 43 million borrowers, was struck down by the Supreme Court in June 2023, prompting the president to go back to the drawing board.

The newest plan builds on the administration’s proposal released earlier this year that provides a pathway to relief for borrowers who owe more they initially borrowed or who have spent more than 20 years paying back their loans, among other groups. Under that plan, which is not yet final and on hold in the courts, the department would forgive all or some of nearly 28 million Americans’ student loans.

But debt-relief advocates have repeatedly argued that the plan was incomplete without a catchall measure to help borrowers who are experiencing financial hardship. Department officials said the plan is crucial, as no one should worry so much about student debt that they forgo pursuing a college degree entirely.

“The whole point of taking out a student loan in the first place is to invest in the future, to invest in skills and education in order to expand opportunity and to get ahead, not to fall into a debt trap when hardship strikes,” national economic adviser Lael Brainard said in a press call Thursday. “When hardship strikes, student debt relief is unequivocally good for borrowers [and] good for economic opportunity.”

As with previous iterations of debt-relief plans, criticism of the proposal was swift and forceful, with conservative advocacy groups and congressional Republicans decrying it as nothing more than a third attempt to shift repayment responsibility. Supporters of the proposal applauded the Biden administration for providing new routes for forgiveness and standing up to Republicans.

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Comments


 
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Halcyon Daze | October 29, 2024 at 11:35 am

“Don’t you know who I am?!!”

So which side is it that is destroying our constitutional norms? Over to you, Zhou Bai-Den.


 
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destroycommunism | October 29, 2024 at 2:01 pm

b/c laws are only for the little people

marching to bastille day


 
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Milhouse | October 29, 2024 at 4:11 pm

Joe Biden is defying the U.S. Supreme Court

No, he is not. No matter how many times you repeat a lie it remains a lie.

The Supreme Court struck down his original plan, so he abandoned it. The Court not only didn’t say but couldn’t say that all debt relief programs are automatically forbidden. No court can ever say such a thing. And the right and expected response to a court decision saying that a measure is illegal is to try to achieve the desired result in a different, legal way.

When Trump’s original so-called “Moslem ban” was struck down, his response was to come up with a different ban that addressed all the problems with the first one. Was that “defying” the courts?! Certainly nobody here had any problem with it. Biden is now doing exactly the same thing.

It may be that his new plan is also illegal. But no court has yet said so. He is in full compliance with all court decisions and orders. So it’s wrong to accuse him of defying the court. If he were to do that he’d be held in contempt.


 
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henrybowman | October 29, 2024 at 4:41 pm

“The whole point of taking out a student loan in the first place is to invest in the future, to invest in skills and education in order to expand opportunity and to get ahead”

Yeah, that’s the theory, but it isn’t the practice. Today you take out the student loan so you can buy a rolled up diploma that you expect to wave like a magic wand to get a great job. But instead of spending your four years dutifully pumping juju and mana into that wand, you spent them using it to snort giggle powder. Then when it doesn’t work, you’re screwed, broke, and need to bailed out… again.

So, Biden continues to violate many laws of the land, gets a pass, no charges for him or others that do the dirty work……JB is garbage and a draft dodger, 4 or 5 deferments for asthma during Vietnam. The only nay vote in the Senate and Congress to repatriate (1973) POW’s. This showed the content of his character, the stupidity of Delaware for keeping him there and the Peter Principle personfied carried through to his impotent Presidency. He’s attempting to screw the country again, despicable. ESAD.


     
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    destroycommunism in reply to Pete. | October 30, 2024 at 1:02 pm

    on that note

    biden claimed he didnt want to send humanitarian aid to s vietnamese b/c it could be used to help the military

    yet he continues to send *humanitarian* aid to the plo hamas etc yet must have “forgotten” that it could be ( AND ISSSSSSSS) used to aid their military against israel>>>usa


 
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OldProf2 | October 30, 2024 at 6:48 pm

I don’t understand why everybody doesn’t realize that “debt forgiveness” means forcing blue-collar taxpayers to pay the debts of white-collar college graduates. I would call this “rent-seeking” on the part of the college graduates. I would also call it “buying votes.”


 
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stevelandess | November 1, 2024 at 11:43 am

My nephew and my granddaughter both experienced significant financial hardships but somehow managed to pay off their student debt.

What about them? Is the administration gonna cut them a check?

I already know the answer…NO!

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