Biden’s Student Loan Bailout Retreats in Face of Early Lawsuits – IOTW Report

Biden’s Student Loan Bailout Retreats in Face of Early Lawsuits

UK Daily Mail

The Biden administration quietly announced a change in its student debt forgiveness program on Thursday that could exclude up to 4 million borrowers with loans owned or backed by private companies.

The u-turn by the federal government comes after the first legal challenges were filed to the policy and following criticism of the huge costs to taxpayers. Critics also claimed the plan is an illegal use of President Joe Biden’s executive power.

The Education Department announced that privately-held loans won’t qualify for the relief plan, which the Congressional Budget Office said earlier this week could cost $400billion over a decade. More

5 Comments on Biden’s Student Loan Bailout Retreats in Face of Early Lawsuits

  1. @jellybean – no. None of the low information voters will ever see this. Their prime outlets (CNN, MSNBC, NYT WaPo, etc) or even Fox (giving them a separate category because they do have some semblance of conservative opinions and news stories).
    The dems shouldn’t even be buying time on those outlets. They already get it for free.

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  2. Joe just wanted to give relief to millions of hard-working Americans struggling to make ends meet while dealing with Trump’s inflation in Trump’s recession. But the election-denying MAGA cult doesn’t care about folks suffering. They only care about polluting the air and forcing women to give birth.

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