The Biden administration is preparing to announce another attempt at widespread student loan forgiveness ahead of the election after the Supreme Court struck down its first.
I am against student loan repayments. A plumber should not be paying for your gender studies degree.
It’s different from the HEROES Act. I’m pretty sure using the Higher Education Act of 1965 is part of his plan B, it’s a new thing that will surely be challenged, but hasn’t happened yet.
It’s looking like the President can ask the The Secretary of Education to do it. I just found the text and controll-f’ed section 432 that says the secretary may :
“enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption.”
I don’t suppose I could talk my way out of that one, but perhaps those against such policy with friends on the judicial bench would fare better than I.
It’s different from the HEROES Act. I’m pretty sure using the Higher Education Act of 1965 is part of his plan B, it’s a new thing that will surely be challenged, but hasn’t happened yet.
I suspect it’ll be rejected. It just isn’t a power the president has. More power for him trying to buy votes.
It’s looking like the President can ask the The Secretary of Education to do it. I just found the text and controll-f’ed section 432 that says the secretary may :
I don’t suppose I could talk my way out of that one, but perhaps those against such policy with friends on the judicial bench would fare better than I.
I will chalk this up to I don’t know. Doesn’t appear to be enough info for a laymen to make a decision.
https://www.nbcnews.com/politics/politics-news/education-department-announces-student-loan-forgiveness-800k-borrowers-rcna94213
Republicans say no. Biden says yes.