Not only are Democrats criminalizing Trump supporters they are planning on defying the Supreme Court of The United States.
In a letter sent to Americans who owe student loan debt Education Secretary Miguel Cardona said the “Supreme Court got it wrong.”
Cardona said that they, “disagree with the Court’s decision” and have begun plan B.
CNBC reported on July 19, 2023 that Biden is going to forgive $39 billion for 804,000 borrowers.
Unlike Biden’s sweeping student loan forgiveness plan that would have impacted the majority of borrowers, the latest debt cancellation applies only to those who have been making payments for 20 years or 25 years (likely since either 1998 or 2003.)
“This adjustment will provide immediate forgiveness for those that have been paying on their loans for two decades or more, yet still have a balance,” said Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit.
Those eligible borrowers were mostly enrolled at some point in what is called the “Income-Contingent Repayment Plan,” said higher education expert Mark Kantrowitz. ICR was the first payment plan available that let borrowers pay what they could afford each month. That’s why most of the borrowers were in this plan: it’s been around long enough for them to have made enough qualifying payments.
The Supreme Court struck down Biden’s forgiveness plan in a 6-3 vote.
Biden attmepted use the Heros ACt of 2003 that allowed the President of the United States to use broad revision power during national emergies. The Biden administration was planning on using the pandemic emergency as justification.
″‘Can the Secretary use his powers to abolish $430 billion in student loans, completely canceling loan balances for 20 million borrowers, as a pandemic winds down to its end?’” Justice Roberts wrote. “We can’t believe the answer would be yes.”