The Supreme Court May Block Student Loan Forgiveness
The Heresy Financial Podcast - A podcast by Joseph Brown
President Biden recently announced that he is going to be forgiving or cancelling $10,000 in federal student debt, and up to $20,000 for anyone who got a Pell Grant. Now, surprisingly, a move like this is getting backlash from people on both sides of the isle. From people on the far left saying it does not go near as far enough, and people on the right saying they have no business doing this. But this may be just smoke and mirrors because the ability for the federal government to cancel or forgive student debt does not rest with the President. So, this move might actually be illegal, and the supreme court just might stop it.