Quote:On Monday, President Joe Biden announced plans to use an amended version of the Higher Education Act of 1965 in another effort to cancel student loans, this time with a heavy focus on "racial equity."

In a statement released by the White House, Biden said that last June, the "Department of Education began pursuing an alternative path to debt relief through negotiated rulemaking under the Higher Education Act. Today’s announcement lays out the plans the Biden-Harris Administration is pursuing through that effort."

"In total, these plans would fully eliminate accrued interest for 23 million borrowers, would cancel the full amount of student debt for over 4 million borrowers, and provide more than 10 million borrowers with at least $5,000 in debt relief or more," Biden added.

The plan is found in an amended version of the Higher Education Act of 1965 that is 922 pages in length. The act has been reauthorized several different times. In a fact sheet released from the White House, the student relief is expected to target "racial equity" goals. It states that the relief is targeting those with "disproportionately high debt burdens" and that "Black and Latino borrowers will get substantial benefits from this relief."

It is set to cancel some debts of "more than 30 million borrowers" in the country. Additionally, the Biden administration said that it has plans to cancel student debt for "borrowers who attended institutions or programs that closed and failed to provide sufficient value— for example that leave graduates with unaffordable loan payments or earnings no better than what someone with a high school diploma earns— would be eligible for relief under this proposal."

Additionally, the administration is planning to cancel student loans of those "borrowers experiencing hardship paying back their loans."

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Joe Biden Ignores Supreme Court, Unveils Plan for Even More Student Loan Forgiveness to Lure Young Voters

Quote:Conservatives love to say that if it weren't for double standards, Democrats would have no standards at all. Double standards sure do seem to be alive and well for Democrats. For the last three years, Joe Biden has cherry-picked the laws he likes to enforce and the ones he doesn't. The border is proof of that. Most of them usually involve the prosecution of his chief political rival, Donald Trump, or some other Republican. But in an election year, it's the votes, Stupid. Now, it's not a law that is separating Joe Biden from votes, but a Supreme Court decision. But whatever the case, Joe Biden has decided to blow it off.

On Monday, Biden announced his new plan to forgive the student loan debt of roughly four million Americans. The plan will eliminate at least $5,000 for more than 10 million borrowers and will get rid of accrued interest for 23 million Americans, leaving American taxpayers on the hook for the majority of the bill. In total, through executive action, the Biden administration has canceled $146 billion in student loan debt. In an obviously strategic campaign move, Biden will travel to Madison, Wisconsin, a college town, to discuss the new plan. The scheme targets low and middle-income students, whose loans will be forgiven if they are enrolled in an "income-driven repayment plan." Other categories of those with outstanding student loan debt include anyone who attended a "low-value" institution.

It's a gimmick Joe Biden has tried before. In August of 2022, Biden announced that up to $10,000 in loan debt for non-Pell Grant recipients would be forgiven and up to $20,000 for Pell Grant recipients using the 2003 HEROS Act, which allows the Secretary of Education to "waive or modify student loans for wartime or national emergencies." The HEROES Act was used during the COVID-19 pandemic. But apparently, the Supreme Court was not interested in Joe Biden's campaign promise to cancel student loan debt for millions of Americans. In June of 2023, the court struck down Biden's student debt forgiveness plan, saying the administration had "overstepped its authority"

But far be it for Joe Biden to let a little thing like a Supreme Court decision get in the way of pandering for votes. In February of this year, he announced the go-ahead of the SAVE repayment plan, originally announced a year earlier, that would cancel $1.2 million in loan debt by executive power. Elaine Parker is president of the Job Creators Network Foundation and called Biden's actions on student loan debt cancelation for what they are, saying:

The Biden administration is lawlessly ignoring the Supreme Court and Congress by launching another massive student loan bailout program. The Supreme Court ruled last year that mass student loan cancellation is unconstitutional, but Biden has made it clear that he won’t respect this decision. He is acting as a King, not a president.

Tuning out the Supreme Court decision on student loan forgiveness is becoming a must for Joe Biden's reelection. A recent NPR/PBS Newshour/Marist College poll showed Biden two points behind Donald Trump with both Millennial and Gen-Z voters, and a recent Fox News poll from March showed Trump leading Biden among under 30 voters by 18 points in a two-candidate race and 21 points in a race that included third-party and independent candidates.

Joe Biden may be in for another disappointment from the Supreme Court. Several state Attorneys General have already stated that they will challenge this new proposal as well and attempt to overturn it. They plan to use the same argument, that the Biden administration is overstepping its authority, and misinterpreting (accidentally on purpose) the 1965 Higher Education Act.

As always, let's ask the standard question: what if this were Donald Trump defying a Supreme Court decision? Former Trump advisor Stephen Miller summed it up in a tweet on Monday, "Amazing how Supreme Court rulings only apply to Republicans."

He's not cancelling anything. You and I are paying those loans. He's hoping his followers are too dumb to understand that.

(04-08-2024 03:23 PM)VA49er Wrote:  He's not cancelling anything. You and I are paying those loans. He's hoping his followers are too dumb to understand that.

He's not even going to get it cancelled. He is going to run it up to the election milking the promise for all it's worth, it'll get swatted down by the courts again, and he'll blame Trump.

Just when I thought it not possible to think gramps couldn't be any stupider, bullshittier and pathetic.

What an absolute moron.

(04-08-2024 03:23 PM)VA49er Wrote:  He's not cancelling anything. You and I are paying those loans. He's hoping his followers are too dumb to understand that.

They are. Democrats are absolute fools