Opinion | Biden’s fly-by-the-seat-of-his-pants approach to canceling student loans is creating a huge mess – By Ingrid Jacques (USA Today) / Oct 4, 2022
President announced the giveaway without bothering to go through Congress or even the traditional notice and comment process for department rulemaking.
- Several lawsuits have challenged the Biden administration’s maneuvering, leading to ‘fine-tuning’ the plan.
- The Education Department quietly updated its website last week, disqualifying borrowers with loans through the Federal Family Education Loan program or Perkins loans.
- Biden keeps comparing his student loan cancellation plan to PPP loans, though the two are nothing alike.
There’s a reason why presidents aren’t supposed to have the power to snap their fingers and fashion new programs that cost Americans hundreds of billions of dollars.
Look no further than the Biden administration’s “plan” to wipe out up to $20,000 of debt for student loan borrowers who meet lenient income caps.
President Joe Biden announced the giveaway in late August, without bothering to go through Congress or even the traditional notice and comment process for department rulemaking.
Nah. He just did it all by himself.
And there’s lots that borrowers still don’t know about how or whether to apply and when those applications will be ready.
