SHELL GAME: Biden “Discreetly” Cuts Off Millions Of Borrowers From Student Loan Cancellation
Is the Biden administration trying to trick the American people?
They have now quietly changed their student loan forgiveness plan — removing students using Perkins and Federal Family Education Loans from the plan.
Millions will now not have their debt canceled.
Biden is touting his unprecedented plan for student loan forgiveness as a major debt reliever for millions of Americans. However, a recent report from NPR found that his administration has discreetly changed a major portion of the program’s guidance. This revision removed Perkins and Federal Family Education Loans (FFEL) as qualifiers, leaving millions now seemingly ineligible.
More than four million borrowers hold these types of loans, according to federal data. Before Thursday, September 29th, the Federal Student Aid site for student loan forgiveness listed both types of loans as being eligible. The guidance noted that they could be consolidated into a federal Direct Loan, which would in turn qualify them for the program.
But as of today, that guidance has changed. It reads, “As of Sept. 29, 2022, borrowers with federal student loans not held by ED cannot obtain one-time debt relief by consolidating those loans into Direct Loans.” It remains unclear why the administration decided to major this major change to the student loan forgiveness program.
Seven states have sued the Biden administration over student loan cancelation.
Arizona joined Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina in the lawsuit.
Arizona Attorney General Mark Brnovich blasted the Biden administration for using programs not created for student relief to fund it.
Later in the day, Arizona GOP Attorney General Mark Brnovich filed suit against the Biden administration policy, making Arizona the seventh state to sue the Biden administration over the issue. Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina had already filed suit.
“The president’s action is contrary to several recent United States Supreme Court decisions striking down federal agencies’ assertion of power never granted to them by Congress,” Brnovich stated. “Despite being told by members of congress he cannot pursue such an action, Biden is relying on the Higher Education Relief Opportunities for Students Act (HEROES Act) and the COVID-19 pandemic. The HEROES Act was a response to the September 11th attacks to relieve active-duty personnel from financial hardship while defending our nation.”
“The act also includes individuals who reside in disaster areas affected by a national emergency. The president attempts to stretch the HEROES Act to assert authority over all borrowers in the country, citing the COVID-19 pandemic as a national emergency and the entire United States as a disaster area,” he added.
Biden previously admitted that he didn’t have the authority to cancel student loan debt – he decided to do it anyway.
The Biden administration lied.
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