SCOTUS kills Biden's student loan/debt relief plan...

I was under the impression one couldn’t use a BK to erase student loans as well.

 

How about making loans simple interest? Government shouldn’t be a for profit entity.

 

Everyone, no. But if you can you should. It works out financially for the better. There is quite a difference in the average college grad and average non grad.

 

If Congress wants to forgive student debt, there is nothing stopping them from doing it. I know civics is very hard but that's it in a nutshell.

 

I agree with most of what you say except I don't know that I would call it executive branch overreach. The statutory authority in this case was pretty clear.

Would it have been better as a political science matter if it were standalone legislation? Absolutely. Although I would submit that in that case, the USSC would've struck it down on some other created grounds.

At a very hundred thousand foot level, higher than 50,000 feet, the agency administrative rulemaking model obviously can and has been abused. But there is also no logistical alternative for most issues in a complex 21st century society. Gorsuch's romanticism for a Congress that micromanages an 18th century agrarian economy just doesn't cut it.

And I especially find it tedious when there is specific statutory authorization such as this one when Congress specifically empowers the Executive on an issue and then the argument is that the executive is usurping congressional power. I see almost no room for the nondelegation doctrine, and especially think it's not triggered here.

I absolutely agree that all of your description of the loan industry. FWIW, 44 tried to reform it.

 

I have not been for student debt relief as I have stated many times because with limited resources it wouldn’t be at the top of my list. College grads with debt are better off than kids who don’t go.

Reform is needed. Just winging it…

• End government backed loans for universities that are “for profit”
• Tier colleges into ROI levels that affect the amount of money one can borrow - borrow $200k for Harvard, sure… for a mid-tier private or out of state U… meh
• Some kind of relief for poor outcomes

 

So, just to be clear, you are saying that online education is just as good? Now do it in a Covid context. Is it still just as good?

 

Good luck with younger voters.

 

Careful what you wish for. Why do you think the red tsunami failed to materialize in 2022?

 

That and the for profit sleazebag schools like trump U need not be eligible for student loans. They will disappear instantly when they can no longer suck off the government teat. I don’t know how you do this though without harming the legitimate for profit schools like Embry Riddle

 

I don’t think you can discharge student loan debt thru bankruptcy.

 

Not one for one correspondence, but here's a start, or rather a new start, because some were implemented in part and then repealed

Betsy DeVos' rollback of Obama's for-profit college rules is almost complete | CNN Politics


Department of Education Secretary Betsy DeVos is rolling back another Obama-era regulation that was meant to protect students from abusive practices by for-profit schools and colleges.

On Friday, DeVos said she plans to fully repeal a rule that targeted schools that failed to prepare students for “gainful employment.”

The regulation required for-profit colleges and certificate programs at non-profit colleges to publish information on how much student debt graduates took on and how much they were earning after leaving school. If the average debt-to-income ratio did not meet government standards, the school’s federal funding would be revoked.

For-Profit Colleges Say New Obama Rules Will "Crush" The Industry

Colleges will be banned from using legal language that prevents their students from suing them, under a sweeping reform package announced today by the Obama administration.

The proposed regulations bar universities that accept federal student loan dollars — essentially all U.S. schools — from locking their students into forced abritration agreements. Such agreements have become widespread at for-profit colleges across the country, and have been broadly criticized for limiting the ability of students to take complaints before a judge and jury.

The Obama administration rules also codify the process for students seeking to have their student loans cancelled in cases where they were defrauded by their school — and would even grant automatic debt forgiveness in some cases.

Automatic forgiveness — which would be offered only at the secretary of education's discretion — would be a major victory for student activists, who have long said it is unfair to require individual students to submit applications in the face of incontrovertible proof that they have been defrauded.

Making College Affordable

A lot here - too many to summarize. Some highlights

Reforming student loan programs to increase college aid

The education-related initiatives funded by the Health Care and Education Reconciliation Act are fully paid for by ending the government subsidies currently given to financial institutions that make guaranteed federal student loans. Starting July 1, all new federal student loans will be direct loans, delivered and collected by private companies under performance-based contracts with the Department of Education. According to the non-partisan Congressional Budget Office, ending these wasteful subsidies will free up nearly $68 billion for college affordability and deficit reduction over the next 11 years.

Expanding Income-Based Repayment

The Administration’s “Pay as You Earn” plan expanded income-based repayment to enable students to take advantage of a new option to cap repayment of student loans at 10 percent of monthly income. These changes reduced the burden of student loans in a fiscally responsible way. Additionally, millions of borrowers are now eligible to consolidate Direct Loans and FFEL Loans and save up to half a percentage point on their interest rate.

 

No, but this is what you said in an earlier post.

"It sickens my heart that conservatives wish to keep education unaffordable and increasingly want to burden youth seeking an education with impossible financial burdens."

So, what was your point, because it sounded to me like you were blaming this issue on conservatives.

 

What were the alternatives they could have chosen from?

 

Because the government forced people to shut down for two years. Good grief.

 

Or.. or.. or.. SCOTUS is telling the other branches to do their job.

 

Cost? No. Rate of increase? Yes

 

Ehhh well a conservative court just shot it down.