Legal concerns over student loan forgiveness
Legal experts are concerned that President Joe Biden’s attempts to cancel student loans may have exceeded his executive powers, with the Biden administration pursuing massive debt forgiveness more for political reasons than legally justified. Even after the Supreme Court rejected Biden’s initial $430 billion student loan forgiveness program, the president continued with alternative strategies through the Department of Education loan programs. While these efforts resulted in forgiving $143.6 billion for nearly four million borrowers, legal experts argue that the administration’s actions may still be unlawful and not authorized by legislative acts passed by Congress.
Criticism of Biden’s expanded approach
The Biden administration’s expanded approach to student loan relief, including the loan forgiveness program for public service, the Income-Driven Repayment Plan, and other income-based repayment plans, has been criticized for lacking clear legal justifications and potentially redefining qualification criteria for repayment established by Congress. In addition, experts warn of broader consequences of mass student loan forgiveness, such as benefits to wealthy individuals and potential increase in education costs as universities anticipate debt forgiveness.
Despite recognizing the economic challenges and feasibility associated with student loan forgiveness, Biden has aligned with the Democratic Party policy on debt forgiveness to maintain political support. The administration’s fragmented approach to debt relief is seen as a strategic way to continue messaging on student loan forgiveness, although there remain legal questions about the authority to implement such programs. Overall, legal experts caution that Biden administration actions on student loan debt could set a precedent of executive overreach, undermining the rule of law and democratic processes.
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