
(StraightShooterNews.com) – Joe Biden’s latest $4.2 billion student loan forgiveness scheme, targeting public service workers, is yet another example of government overreach and fiscal irresponsibility.
The Biden administration’s relentless pursuit of student loan forgiveness has now reached a staggering $180 billion, affecting nearly five million Americans.
This massive redistribution of wealth comes as the nation grapples with inflation and an ever-growing national debt.
Biden’s initial attempt at widespread loan forgiveness was rightfully struck down by the Supreme Court, which recognized it as an overreach of executive power.
Biden noted, “I’m proud to say we have forgiven more student loan debt than any other administration in history,” doubling down on his administration’s commitment to educational finance reform.
This initiative, which specifically includes a substantial $2.5 billion for 61,000 borrowers with disabilities and $1.26 billion for some 85,000 individuals defrauded by their schools, has been both celebrated by some and scrutinized by others.
Critics argue such widespread forgiveness without congressional approval undermines the executive branch’s authority limits and sets a troubling legislative precedent.
Undeterred, the administration has continued to push its agenda through targeted programs, exploiting loopholes and expanding eligibility criteria to circumvent legal challenges.
The Public Service Loan Forgiveness (PSLF) program, once plagued by a 99% rejection rate, has been loosened to accommodate more borrowers.
Moreover, Trump’s administration had previously tightened eligibility criteria for loan forgiveness, recognizing the need to protect taxpayers from bearing the burden of others’ educational debts.
The Biden administration’s actions have not gone unchallenged. The U.S. Court of Appeals for the Fifth Circuit put a hold on Biden’s 2022 rule that aimed to provide full relief, citing “numerous statutory and regulatory shortcomings.”
“The unbridled scope of these prohibitions enables the department to hold schools liable for conduct that it defines only with future ‘guidance’ documents or in the course of adjudication,” the U.S. Court of Appeals for the Fifth Circuit stated.
The court’s statement underscores the dangerous precedent set by Biden’s policies, which grant sweeping powers to unelected bureaucrats to define and enforce loan forgiveness criteria.
Additionally, as Biden’s term nears its conclusion, those benefiting are urged to remain cautious, particularly with Trump’s incoming presidency likely refocusing on the educational debt relief approach or even scrapping such initiatives entirely.
However, these policies clearly represent a significant shift away from personal responsibility and fiscal prudence.
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