There he goes again, again and again. Just this morning, President Biden announced another $7.4 billion in student debt bailouts for 277,000 borrowers. This comes to $153 billion in proposed student debt cancelations that would cover 4.3 million people. Of course… the Supreme Court ruled that Mr. Biden does not have the authority to cancel student loans, in a 6–3 decision entitled Biden v. Nebraska.
Well, here's the thing: There isn't a person among the 4,400 staffers in the Education Department who knows a thing about banking or credit analysis. So, they've just been giving away free money, which, by the way, resulted in higher and higher tuition costs among colleges who enroll these debt-laden students.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FoxBusiness - 🏆 458. / 53 Read more »