JUST IN: Biden Announces Student Loan Forgiveness Program

Recall that the Supreme Court struck down Biden’s unconstitutional student loan forgiveness plan merely 2 weeks ago.

In a 6-3 ruling, that occurred along party lines, the court ruled that the President of the United States does not have the authority to unilaterally cancel debt.

However, this was not going to stop Biden, who publicly announced that he would circumvent the court to pass his student loan relief program. …

On Friday, the Biden administration flew in the face of that SCOTUS ruling by announcing a $39 billion student debt relief program. …

Where is all the money coming from to pay for this debt relief program?

Here are some reactions to the news and more on the story:

I am so sick of this bullshit.

The Biden said today, he will cancel $39 billion of debt for 804,000 student loan borrowers.

Wait– didn't the US Supreme Court in a 6-3 decision, strike down President Joe Biden’s student loan forgiveness program?

How can he even do this ?

— Denise (@Likeshesays) July 14, 2023

BREAKING:

As of today, No One is required to pay Federal Taxes any longer.

I’m using the exact same authority Joe Biden has in his Student Loan Forgiveness.

— BraveHeart™ (@Braveheart_USA) July 14, 2023

The Epoch Times provided the details:

An income-driven repayment plan for student loan borrowers sets the monthly payment amounts on a level that’s affordable for the individual based on their income and family size.

There are four plans available that calculate payment amounts ranging from 10 to 20 percent of the person’s discretionary income. Payments can also be as low as $0.

Based on the plan, debts are forgiven once payments have been done for 20–25 years or “after making 240 or 300 monthly payments.

Rep. Lisa McClain states: “Biden’s unconstitutional loan forgiveness scheme is a slap in the face to hard-working taxpayers that have dutifully paid off their student loans. Rest assured, come hell or high water, I will fight this blatant overreach until the end.”

Biden's unconstitutional loan forgiveness scheme is a slap in the face to hard-working taxpayers that have dutifully paid off their student loans.
 
Rest assured, come hell or high water, I will fight this blatant overreach until the end. pic.twitter.com/hVBd9Iqn25

— Representative Lisa McClain (@RepLisaMcClain) July 14, 2023

ABC News claimed: “One expert said the new plan is “entirely legally defensible.”

One expert said the new plan is "entirely legally defensible." https://t.co/rw6FUNbxad

— ABC News (@ABC) July 9, 2023

Just The News quoted Education Secretary Miguel Cardona:

“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness.” 

“By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve.”