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2024-04-09 16:07:05
Biden's student loan forgiveness plan would not "erase" interest or student loan debt. Debt cannot be erased, it can only be transferred, in this case the burden of the debt would be transferred to U.S. Taxpayers. [Link]
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2024-04-09 18:10:18
Former House Speaker Nancy Pelosi stated President Biden does not have the authority to erase student loan debt. It is unconstitutional, President Biden does not have the legal authority.
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2024-04-10 04:08:52
The Supreme Court of the United States has ruled that the president is not authorized to forgive this type of debt. [Link]
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2024-04-10 11:36:32
NNN - 1) The Supreme Court’s prior decision relates to forgiveness under the HEROES Act. This new plan is under the Higher Education Act. [Link] 2) CN is not the appropriate forum to argue semantics or counterarguments. “Erasing” is the correct term, even if taxpayors foot the bill.
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