Despite Supreme Court Ruling, Biden’s Rogue Regime Cancels $39 Billion In Student Loan Debt
The Biden administration regime announced today that it would automatically forgive $39 billion in student debt for 804,000 borrowers.
The announcement comes weeks after the conservative-majority Supreme Court struck down President Biden’s sweeping student loan forgiveness plan, which would have delivered relief to about 37 million people.
And where is your hard earned money going? Student loan borrowers have said they would spend their plunder on vacations, drugs, alcohol, or smartphones. About 20 percent of borrowers polled said they spent the money on vacation, while 10 percent said they spent it on alcohol and drugs or gambling.
Hard working Americans are now expected to pay for the poisonous indoctrination that has destroyed young American minds and then fund their vacations, alcohol and drug consumption.
The announcement comes weeks after the Supreme Court struck down President Biden’s sweeping student loan forgiveness plan, which would have delivered relief to about 37 million people.
JTN: Fust weeks removed from a Supreme Court ruling that declared its student loan forgiveness program unconstitutional, the Biden administration on Friday announced new relief for students that will cancel $39 billion in debt for more than 804,000 past students.
For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” Education Secretary Miguel Cardona said in a statement. “By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve.”
Cardona said the new program is justified by adjusting payment schedules in student loan programs to recognize some qualifying payments “should have moved borrowers closer to forgiveness were not accounted for.”
The justices voted 6-3 last month to strike down Biden’s plan to forgive up to $20,000 in debt for 43 million student loan borrowers, concluding the president did not have the legal authority to do so without legislation from Congress…..
Source: https://gellerreport.com/2023/07/despite-supreme-court-ruling-bidens-rogue-regime-cancels-39-billion-in-student-loan-debt.html/
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