Biden is canceling up to $10K in student loans, $20K for Pell Grant recipients

npr.org

10 pointspaulpauper4 comments

So he wasn't able to get a bill through congress, but is now using an executive order to cancel student loan debt. I wonder what legal reasoning is used to give him that power. It should also be interesting if the debt is forgiven, but the justification for his power to forgive debt is found to be invalid.

> I wonder what legal reasoning is used to give him that power.

It's pretty clearly a part of his powers as executive, since it's a part of the executive branch that's issuing and managing the subsidized federal loans.

I repaid all my debts by working two jobs through college.

I've also repaid all my debts, with some family help and a good job after college. I worked all through college, at minimum wage or slightly above, and that barely made a dent. I will be paying for this through my taxes, and I fully support student debt forgiveness.

I'd love to know when you managed to do this, and how much you were making. Did you have any family help?

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