President Joe Biden’s Department of Education announced Monday that notifications will be sent to over 804,000 student loan borrowers. The lucky recipients will see $39 billion in federal student loans automatically discharged.
The White House scheme was touted in a press release as the “result of fixes implemented by the Biden-Harris administration.”
Democrats have long recognized student loan forgiveness as a way to secure votes from younger Americans with the next presidential election looming.
Biden is delegitimizing the Supreme Court so he can push through his socialist student loan debt forgiveness plan.
Tennesseans should not be paying for the coastal elite to get degrees in gender studies. pic.twitter.com/9ScJNinQ8S
— Sen. Marsha Blackburn (@MarshaBlackburn) August 11, 2023
The Education Department alleged that the forgiveness program addressed “historical failures” in which borrowers did not move closer to having their debts discharged through “qualifying payments.”
The Biden talking points are that those who took out enormous student loans were not properly credited for their faithful repayment. Now, many borrowers are deemed “eligible for forgiveness.”
The White House took credit for a total of over $116.6 billion in student loan debts erased affecting over 3.4 million borrowers thus far.
The Department of Education was cleared to proceed with the plan when a federal judge in Michigan dismissed a legal challenge against the giveaway. It was ruled that the New Civil Liberties Alliance did not have legal standing to bring the suit.
Biden then doubled down on his commitment to let those who took out student loans walk away from their commitments. He declared his determination to “fix” the system.
On Monday, he wrote, “Today, thanks to my Administration’s actions, 804,000 borrowers will start to see their debt canceled.” Biden added that the White House will continue its course to find “an alternative path” to implement student loan forgiveness.
That “alternative” became necessary when the U.S. Supreme Court in late June blocked Biden’s scheme to unilaterally cancel $430 billion in student loan debt. The 6-3 decision prevented the president from carrying through with a campaign pledge used to lure young voters.
The court agreed with six states that objected to the sweeping forgiveness program.
Chief Justice John Roberts expressed the ruling of the majority that such sweeping administration action required clear congressional approval. He used a historical reference to disparage the White House’s assertion that the Biden plan merely “modified” an existing program.
Roberts said that was in the same sense that the French Revolution “modified” the status of the nobility. In fact, “it has abolished them and replaced them with a new regime entirely.”