Despite Supreme Court Ruling Biden Moves To Forgive $39 Billion In Student Loans

The Biden Education Department announced it would automatically forgive” student loans to hundreds of thousands of followers despite a Supreme Court ruling striking down another student loan scheme just two weeks ago.

As reported by ABC News, Education Department officials announced Friday that are forgiving the debts of 804,000 borrowers to supposedly fix what they called “administration failures.”

These borrowers are individuals who have been paying their loans back through income-driven repayment plans. This allows debts to be forgiven once they’ve been paid for 20 or 25 years.

Education Secretary Miguel Cardona said in a statement these borrowers would be getting the forgiveness they deserve.

For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness.

By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans.

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Fixing these past mistakes will come at a cost to taxpayers. The DOE notes these fixes these past “administration failures” will total $39 billion.

These 804,000 borrowers will be notified on Friday by the Department of Education and relief will begin 30 days later. Individuals who do not want debts discharged are encouraged contact their loan service providers.

This new plan is part of previous “fixes” to other programs the Regime believes were failing borrowers. ABC News notes that this includes $45 billion to people enrolled in Public Service Loan Forgiveness who weren’t getting the debt relief and $22 billion to borrowers who were defrauded by for-profit colleges.

The move by the Education Department is quite audacious considering the Supreme Court struck down Joe Biden’s lawless program to cancel debt relief back in June.

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There is no word yet on whether Biden’s newest student loan debt relief scheme will be challenged in the court system.

A 2003 federal law known as the Heroes Act gives the secretary of the Department of Education sweeping authority to “waive or modify any statutory or regulatory provision applicable to the student financial assistance programs … as the Secretary deems necessary in connection with a war or other military operation or national emergency.”

This is expansive language. While it only applies during a “national emergency,” when such an emergency (such as the Covid-19 pandemic) arises, the secretary may either eliminate (“waive”) or change (“modify”) student borrowers’ loan obligations “as the Secretary deems necessary.” So Congress clearly authorized the Education secretary to make modifications or waivers that are broad or narrow, or that apply to many or few borrowers. And it explicitly said that the secretary will have the final word on the scope of student loan relief within the context of a national emergency.

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Ella Ford

Ella Ford

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