While the Biden administration has at least nine plans to forgive student loans, some are much bigger than others. And the two biggest have now run into legal buzzsaws. The Supreme Court (SCOTUS) eventually threw out its first plan in 2022. The second plan introduced a new income-driven repayment plan called SAVE, which, in practice, […]| Minding The Campus
The Most Illegal Student Loan Forgiveness Plan Yet| Minding The Campus
The Biden-Harris administration’s pursuit of student loan forgiveness has moved from persistent to relentless and can now only be described as reckless. To briefly recap, the administration announced its first plan back in 2022, which the Supreme Court ruled was illegal in 2023. Their second plan, a loan forgiveness scheme disguised as a loan repayment […]| Minding The Campus
Don’t Let Colleges Keep Ducking Accountability on Student Loans| Minding The Campus
The U.S. Supreme Court struck down the Biden administration’s student loan forgiveness plan on Friday. The administration was attempting to forgive $10,000 of student loans for borrowers making less than $125,000 per year, and $20,000 for those who had received a Pell grant. The alleged authority for this action was a 20-year-old law that allows […]| Minding The Campus