Student Loan forgiveness plan

Money
1

There is actually precedent for Student loan forgiveness.
Military service, Public Service Loan Forgiveness, Educators in high risk districts, or specialized fields.
I am sure there are others, but those are off the top of my head.

I would be in favor of legislation to possibly expand these to voluntary service forgiveness.
Mentor youth, work in a soup kitchen, help in an assisted living facility, etc.

Set a formula for a certain amount of hours discharges a certain percentage of your loan debt.

SCOTUS didn’t say it was illegal to forgive, just that it couldn’t be done via Executive Fiat.

2

I agree, you need to do something to get debt forgiven. And if nothing else, it’ll teach young people think about something other than themselves,

3

Except Congress explicitly granted the Sec. of Ed. that authority.

One can argue whether Congress should have done so, or whether forgiveness is a good idea, but the court’s decision is ridiculous.

4

The second part is, there needs to be some type of reform in education cost and the distribution of loans.

5

The author of that article has less of an understanding of the Constitution than a Sixth Grader.

6

Its a Vox article…that’s about what you should expect.

1 Like
7

I always read them, just in case a blind squirrel finds a nut.

8

Would you like to share why their understanding is incorrect?

9
10

Here is the thing from the Vox article that said all I needed to hear:

A 2003 federal law known as the Heroes Act gives the secretary of the Department of Education sweeping authority to “waive or modify any statutory or regulatory provision applicable to the student financial assistance programs … as the Secretary deems necessary in connection with a war or other military operation or national emergency.”

There was as much a national emergency here as there was this time:

And, I am pretty sure MCarley opposed that action.

11

According to the twit that authored the article, all that has to happen is POTUS declare a National Emergency and the Sec of Ed can unilaterally make any changes he/she wants during that time.

12

I didn’t say that was a good idea, but that’s literally how the law is written.

13

Not according to lawyers who aren’t far left twits.

14

They literally quoted the legislation.

15

Anyone can pull quotes out of context.
Find me something from someone other than a far left twit who has worked for Vox, ThinkProgress, and Center for American Progress and then we can talk.

But, it is a lot easier to whine about a 100% fair ruling by SCOTUS than to actually try to come up with a workable solution.

16

They quoted the relevant section of the legislation, in context. You’re dismissing them based on the fact that they work for a fact-based journalist site? Vox isn’t some far left blog site.

17

No, he quoted parts of the legislation, then in the same paragraph, added his own opinion.

FOR FUCKS SAKE

Look at the history of the author, he is a left wing twit.

18

This is what SCOTUS said (from the syllabus):
“The Secretary’s power under the Act to “modify” does not permit “basic and fundamental changes in the scheme” designed by Congress. MCI Telecommunications Corp. v.
American Telephone & Telegraph Co., 512 U. S. 218, 225. Instead, “modify” carries “a connotation of increment or limitation,” and must be read to mean “to change moderately or in minor fashion.” Ibid.
That is how the word is ordinarily used and defined, and the legal definition is no different.”

“In sum, the Secretary’s comprehensive debt cancellation plan is not a waiver because it augments and expands existing provisions dramatically. It is not a modification because it constitutes “effectively the introduction of a whole new regime.” MCI, 512 U. S., at 234. And it cannot be some combination of the two, because when the Secretary seeks to add to existing law, the fact that he has “waived” certain provisions does not give him a free pass to avoid the limits inherent in the power to “modify.” However broad the meaning of “waive or modify,” that language cannot authorize the kind of exhaustive rewriting of the statute that has taken place here.”

There is a more detailed discussion in the decision.

19

Why bother with that when you can read a whackadoodles opinion of the matter.

20

Elimination of the nonprofit status for colleges, making student loans only available privately, making it illegal to co-sign a student loan, and allowing student loans to be discharged in bankruptcy are great ways to bring down college costs by forcing down demand.