Biden vacates $1.2 billion in student debt relief - How in the world is this legal?

For additional context, I'm 30 years old and voted Republican only once in my life so far, in 2012. Never voted for the pair of geriatric corrupt devils Biden and Trump.

I know, right ✅️

again, you do not get in this forgiveness program unless you dutifully pay your loans for like 10-20 years. which suggests they either finished or at least haven't completely blown up in life.

if you dropped out and got no job and defaulted your are ineligible. this isn't hard to understand.

Biden loses in November unless he frees Palestine from US captivity and restores 20 million refugees and exiles back to the old borders pre-Balfour (1912).

"how is this legal," congress passed a law in the past 5-10 years that gave the president the broad authority to reduce, forgive, or wipe out student loans. this was during covid, i think. in the student loan case SCOTUS acknowledged this then imagined into existence some limitations to the power that were not in the law.

also, in practical terms, repeating myself, most of us, with the interest, are paying our student debt multiple times over. it's like a mortgage is not a single payment of your debt, you buy your house three times counting interest. i am completely fine with the government saying, yeah, we got the first 10 years of a single repayment, and paying me back the principal suffices.

i think the desire to make college grads pay and pay and pay is punitive. at some point grasp we are some of the more obvious go-getters in society.

Community colleges cost very little. They are subsidized. State schools are typically subsiddized at about 50% from tax dollars. So your preference to have schools be paid for is already an option for many people if they are not wealthy and they choose a subsidized option. The real problem in the US is that kids choose schools that are very expensive and then they compalin later about how much money they owe. I know many kids who go out of state to schools that cost double just becuase they cross state lines. I have asked several parents why the chose State College A over State College B and the answer is that they like the idea of telling people that their child is not at the in-state school. It somehow sounds more impressive.

go to a better school next time because maybe you'd see pitting college grads against each other is lame. the better solution to this problem is work on reducing price and other funding sources than DEBT.

since i went abroad for a period let me pass on that kids in some countries over there go to college for FREE. none of your worries or culture war. when you're done with school you take a job. but you're not carrying around a mortgage. but that's "socialism."

"US captivity"? What kind of crazy drugs have you been getting into this morning ?

Also, please stay on topic or you will be subjected to a 48 hour ban.

Bush mortgage forgiveness, Trump Covid relief, Trump huge tax breaks for his donors…… explain the difference……

You need to explain why it is illegal. What is the law that is being breached? I would guarantee that if it was illegal his opponents would have jumped all over it through the courts. That also suggests he wouldn't have attempted the measure if it could be thrown out by court action.

last point, but when you glibly say "but the kids signed up for this".....

a) did you explain to them that $30k in loan really means more like $80-90k with interest over decades? and isn't that the sort of computation ONE GOES TO COLLEGE TO LEARN TO MAKE?

b) and you're asking an 18 year old to make that decision. we don't let them rent cars, drink beer, or take out credit cards. but student loans, sure.....

it's completely legal under the covid student loan forgiveness authority. but scotus then imagined into existence that when they said "forgive" or "wipe out" they must have mean "only some." this from the people who think we should otherwise follow the 1787 text verbatim. but anyhow, all this is subject to some loan servicer suing and saying it exceeds some imagined limit on how far he can go. i kind of think when in the context of a national emergency they said wipe out they meant wipe out. paraphrasing.

also, side point, but biden was bright enough this time to simply snap his fingers and do the debt forgiveness himself. so it's done. it's over. last time he created an application process which one could go to court and interrupt before people got the relief. this time, it's done, and i kind of doubt some angry loan servicer intermediary or conservative could sue and get the debt put back on their accounts. they could maybe go after biden for exceeding authority but he pretty clearly has this power from congress.

to underline something for conservatives, last time you had to actually ask for forgiveness. someone could decide a deal is a deal and continue to pay. but you didn't like they could ask. so you sued. so now he is simply waving the wand himself and everyone eligible gets it.

be careful what you wish for.

And it ONLY applies to those who paid a lot more in interest than the value of the loan. It is know as usury, using loan length rather interest to achieve gross profits for middle mean loan sharks.

Continue to pay 2, 3 and 4 times over.

where is your link to the student loan biden forgave himself?

Your post was apparently edited 12 hours after it was posted.

That is against the forum rules to the extent there are any.
As the site owner, you would be the person responsible to see that forum rules are followed and not broken,

Am I alone in finding it uniquely ironic that the very person who breaks their own forum rules does so in a post accusing the President of the United States of breaking the law?

Christ, buddy, try harder.

How is this any different to the GOP bribing farmers with hand outs?

Contain your personal bias.