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
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
Editor’s Note: The following article was originally published by Cato Institute on September 3, 2024. With edits to match MTC’s style, it is crossposted here with permission. Note, this post updates last month’s post. The biggest changes from last month include: The Supreme Court has let the Eighth Circuit’s pause on the SAVE plan remain in place. Reworked the student […]| Minding The Campus
Editor’s Note: The following article was originally published by Cato Institute on August 1, 2024. With edits to match MTC’s style, it is crossposted here with permission. Note, this post updates last month’s post. The biggest changes from last month include: the 8th Circuit Court of Appeals halting the Saving on a Valuable Education (SAVE) plan; added insights from Jason […]| Minding The Campus