The Biden Administration's Desperate Attempt to Save Its Student Loan Bailout Program
TownhallJUL 2022
The finalization of this settlement is a victory for Americans overburdened by student debt. Finally, borrowers defrauded by universities will get the loan forgiveness they're entitled to, and the mountainous backlog of debt relief claims will be addressed. This is a clear win.
Biden has given the Education Dept. a reckless blank check to write off billions of dollars of debt without Congressional approval. A large percentage of debt is held by doctors, lawyers, and other well-paid professionals. This settlement is unfair to the American taxpayers who are footing the bill and the schools that are deemed guilty without due process.