The enabling law for this policy was the 2003 HERO's Act, which has been used prior to Biden's student loan forgiveness plan to modify loan conditions.
The Biden administration used the emergency of the pandemic to justify loan forgiveness under the Heroes Act.
…Except the exact same week student loan forgiveness was announced, Biden went on 60 minutes and announced that the pandemic was over.
So even if you accept the argument that the Heroes act justified widescale forgiveness, the Biden administration did itself no favors selling that argument.
The cited reason in statute for the ability to waive or modify student loan provisions was to provide relief for hardship during a national emergency. Just because the emergency was technically near completion doesn't mean that there wasn't broad hardship that could be given relief.
Just like, say, the official national emergency of katrina ended waaaayyy before many of those affected no longer faced hardship from the emergency.
tacticalturtle|2 years ago
…Except the exact same week student loan forgiveness was announced, Biden went on 60 minutes and announced that the pandemic was over.
So even if you accept the argument that the Heroes act justified widescale forgiveness, the Biden administration did itself no favors selling that argument.
monocasa|2 years ago
Just like, say, the official national emergency of katrina ended waaaayyy before many of those affected no longer faced hardship from the emergency.
alsaaro|2 years ago
Biden's own words aren't relevant.