Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.
The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges, and borrowers who have paid for at least 20 years.
These programs are separate from the rejected forgiveness plan, which would have canceled about $430 billion of the $1.6 trillion of outstanding federal student loan debt all at one time.
The Biden administration has been granting student loan forgiveness through these existing programs on a rolling basis since coming into office and has discharged a total of $127 billion for nearly 3.6 million people to date.
As far as I’m aware, Pelosi didn’t go in front of the media and online and repeatedly tell the public that Biden could use an executive order. If she did, then I feel the same way about that as the others I listed, who I did see out in the media making those claims.
Ok. Well, I guess anything you need to do to blame AOC.
I don’t blame AOC for student debt not being forgiven. I do blame Congress as a whole, and I find fault in Schumer, AOC, and others who shifted blame to Biden. Even at the time numerous independent legal experts had said that it would be unlikely to succeed through executive action, and so all Schumer and AOC did by publicly calling Biden out was fuel misplaced blame like the person I replied to. I think their energy could have been better spent drafting legislation and publicly calling on Congress to bring a vote to the floor, which I think are fair criticisms.