Thanks to a recent Court ruling from the Northern District of California, the Department of Education is slated to award more than $6 billion in student loan forgiveness, marking a dangerous precedent for the controversial policy in the future. If you haven't heard, the Biden administration is determined to forgive around $10-20,000 in student loan debt per student in the near future.
Of course, getting American taxpayers to pay for the student loan debt of every U.S. college student is a horrible policy, because it's unfair to anyone who already paid off their student loans and it would cripple the American economy. Imagine working several jobs to pay off your student loan debt (which you agreed to pay off) and then having President Biden tell you that taxpayers are going to cover the student debt of everyone who happened to be lucky enough to still have it lingering in their bank account.
Now imagine that you're an American taxpayer, who never took out a student loan in the first place, and now you have to pay for someone's Gender Studies degree without ever agreeing to have your taxes go there. In each of these scenarios, your finances would be significantly damaged as a result of a policy you never voted for. This is the future the Biden Department of Education wants, and thanks to the recent Court decision from California, they're one step closer to that goal.
If you'd like to read further about the ongoing legal battle involving student loan debt, check out this article from 75 Million United. An excerpt of the article has been copied below:
The Education Department has begun discharging the student loans of hundreds of thousands of borrowers who say they were defrauded by their colleges after a federal judge recently ruled that a $6 billion settlement could largely move forward.
The settlement resolves a class-action lawsuit filed in 2018 by people who accused the department of ignoring their applications for loan forgiveness through a federal program known as borrower defense to repayment.
It was first approved in November by U.S. District Judge William Alsup of the Northern District of California. But a group of institutions — Everglades College, American National University and Lincoln Educational Services, the parent company of Lincoln Technical Institutes — appealed the judgment, claiming it violated the law.