Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.
The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges, and borrowers who have paid for at least 20 years.
These programs are separate from the rejected forgiveness plan, which would have canceled about $430 billion of the $1.6 trillion of outstanding federal student loan debt all at one time.
The Biden administration has been granting student loan forgiveness through these existing programs on a rolling basis since coming into office and has discharged a total of $127 billion for nearly 3.6 million people to date.
He’s cancelled student debt for a precious few, unilaterally, several times.
I’m not sure why we’re pretending he needs Congress or SCOTUS, except that a lot of people just want to pretend he’s magically powerless to fulfill his campaign promises.
The executive doesn’t have limitless power, regardless of what various bell-ends on Lemmy seem to believe. And if you think that it should, I’d caution you to do a brief thought experiment and imagine what things will be like when someone with whom you disagree occupies the same office.
He’s not pretending, you moron. He already tried forgiving student loan debt through executive orders and the courts blocked him.
He doesn’t need the courts.
He’s unilaterally done this multiple times.
Please stop lying to yourself.
Learn how the government works before you make a fool of yourself again, you ignorant child.
