The federal budget deficit has exploded under Biden's watch, and he can no longer pretend otherwise.
The administration’s SAVE plan for student loan forgiveness is estimated to cost $475 billion.
The spate of forgiveness reconciles administrative errors when carrying out changes to income-driven repayment plans.
Biden plans to slash minimum monthly payments to just 5 percent of borrowers' income.
Topics covered include affirmative action, legacy preferences, the student loan forgiveness decision, refugee policy, indictments against Trump, Vladimir Putin, political ignorance, and more.
Biden's proposed income-driven repayment plan could still cost taxpayers billions. And it will likely raise tuition too.
The Irony of Department of Education v. Brown—the Other Student Loan Forgiveness Case Decided by the Supreme Court Yesterday
The Court unanimously ruled the plaintiffs in that case lacked standing. But they might end up getting what they wanted more fully than anyone else involved in the legal battle over student loan forgiveness.
The article goes over the main reasons why the Court's decision was justified.
The administration will try this pathway as an alternative to the HEROES Act of 2003, which pathway was shut down by today's Supreme Court decision.
In today's student loan decision, Justice Barrett offers a textualist rationale for this controversial rule. I have made similar arguments myself.
The Court ruled the plan is illegal, and that at least one plaintiff (the state of Missouri) has standing.
A new working paper finds that borrowers whose loan payments were paused actually had more debt at the end of 2021 than those whose loans were never paused.
If the debt ceiling bill passes, the Education Department will be barred from extending the student loan repayment pause yet again.
The former president reminds us that claiming unbridled executive power is a bipartisan tendency.
The lawsuit claims that the pause has cost taxpayers "$160 billion and counting."
Biden v. Nebraska has far-reaching implications for presidential power.
A new report purporting to show that Missouri's arguments for standing in Nebraska v. Biden are based on a lie fails to deliver.
Unlike the Education Department's estimates, a CBO analysis considers how the new rules will encourage more students to take out loans they won't be able to pay back.
The time and money spent on college can often be used more productively.
Is this what equity looks like?
56 percent agreed that "people often graduate without specific job skills and with a large amount of debt to pay off."
While the population has grown, the number of college students has declined in the past decade.
"If I would have gone to college after school, I would be dead broke," one high school graduate told the A.P.
Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans.
The justices seem to be clearly leaning against the Biden Administration on the merits. The procedural issue of standing is a closer call, though ultimately more likely than not to come out the same way.
The Supreme Court considers the scope of presidential power in Biden v. Nebraska and Department of Education v. Brown.
Plus: Texas prosecutors can't criminally charge people who help others access out-of-state abortions, food trucks fight rules banning them in 96 percent of North Carolina city, and more...
"If it was an emergency, why wait three years to provide the forgiveness? Why present it in a political framework, as fulfilling a campaign promise?" said one higher education expert.
The article explains the broader issues at stake in these cases, and why the Court would do well to rule against the administration.
"Third-Party Standing" Doctrine Shouldn't be Used to Block Lawsuits Challenging Biden's Student Loan Forgiveness Plan
Legal scholar Michael Dorf claims Supreme Court should rule on this basis. But the doctrine doesn't apply to this case, and is dubious anyway.
arguing against standing, even though the program is unlawful.
Biden's Newest Student Loan Proposal Would Allow Some Borrowers To Pay Back Only a Fraction of What They Owe
New changes to income-driven repayment plans announced Tuesday would essentially turn student loans into government grants.
Plus: The editors look back on what pieces of cultural media impacted them the most this year.
If political pressure to forgive debt can work once, why wouldn't it work again every five or 10 years?
As the Court agrees to take up yet another case against the Education Department's loan forgiveness plan, Biden's goal of forgiving billions in student loans seems increasingly doomed.
Like the first case, it will be argued in February. In the meantime, the plan remains blocked.