Student Loan Forgiveness Review Could Lead To Student Loan Cancellation, But There’s One Problem

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Here's what it means for student loan cancellation.

for 41,000 borrowers with total and permanent disability. Biden has proceeded with targeted, piecemeal student loan forgiveness, rather than one-time, wide-scale student loan cancellation. Biden’s view is that he doesn’t believe he has unilateral authority — without any further authorization from Congress — to enact student loan cancellation, even if he wanted to.

The Education Department may seem like the right choice to conduct a legal review, since student loan cancellation falls under its purview. However, the necessary exercise is more an. While the Education Department certainly can conduct a policy review and opine on the law, it seems more fitting that any one of the following may be better suited to conduct the legal review:an independent presidential commission comprised of legal scholars and jurists.

Alternatively, it would be helpful to learn more from a bipartisan working group, committee, or sub-committee in Congress that can interpret what Congress intended in its drafting of the Higher Education Act of 1965.Should there be a legal review of student loan cancellation? Yes. That said, a non-binding legal review can only go so far. No matter what the legal review determines, only Biden will decide whether to proceed.

 

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Incredible how many people take out a LOAN and expect that they won’t have to pay it back

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