Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:OMG, are we back to considering loan forgiveness ? !
Hey, let's start a train to have home mortgages forgiven!
Cut us a break!
We deserve it!
America has been cruel to us!
America needs to make life easier for us because we're snowflakes!
How else can we afford to buy Starbucks lattes, for pity's sakes?
SCOTUS is hearing the case today. Hopefully, they will do what is right and render a unanimous decision that this move by Biden is unconstitutional.
In 2003 when George W bush was president, congress passed a bill allowing for this to happen, like it or not this happened in 2003..
Go take it up with Bush and 2003 congress.
We are all not Dc mom rich and don’t have money to pay the loan.
That was for military members.
If you signed for the loan, you should pay it back. That is part of the deal.
Um, not it was not just for military members.
Here's the statute:
Notwithstanding any other provision of law, unless enacted with specific reference to this section, the Secretary of Education (referred to in this part as the “Secretary”) may waive or modify any statutory or regulatory provision applicable to the student financial assistance programs under title IV of the Act [20 U.S.C. 1070 et seq.] as the Secretary deems necessary in connection with a war or other military operation or national emergency to provide the waivers or modifications authorized by paragraph (2).
(2)Actions authorized
The Secretary is authorized to waive or modify any provision described in paragraph (1) as may be necessary to ensure that—
(A)recipients of student financial assistance under title IV of the Act who are affected individuals are not placed in a worse position financially in relation to that financial assistance because of their status as affected individuals;
...
(2) Affected individual The term “affected individual” means an individual who— (A) is serving on active duty during a war or other military operation or national emergency; (B) is performing qualifying National Guard duty during a war or other military operation or national emergency; (C) resides or is employed in an area that is declared a disaster area by any Federal, State, or local official in connection with a national emergency; or (D) suffered direct economic hardship as a direct result of a war or other military operation or national emergency, as determined by the Secretary.