News Media Reacts to President Biden’s Student Loan Forgiveness Plan

Joe Biden has no constitutional authority to unilaterally strike down student loan debt. Congress must act to allow this to occur. The Supreme Court will strike down this move. The Biden administration knows this. Which is why this is simply a craven political move for midterms.

— Clay Travis (@ClayTravis) August 24, 2022

Biden's campaign promise was $10k in student debt relief. He delivered. $20k in relief for low-income Pell Grant recipients is even better.

For context:

– More than half the people with student loans owe < $20k; 1/3 owe < $10k;

– Median income of borrowers is $76k https://t.co/6wP69v1cxc

— Jon Favreau (@jonfavs) August 24, 2022

“Student debt relief isn’t fair to people who already paid off their loans” is the modern day equivalent of “the passage of Medicare isn’t fair to previous seniors who were already medically bankrupted into the grave by the old system”

— David Sirota (@davidsirota) August 24, 2022

I made $37k a year out of college living in northern VA and paid off my $10k in student loans in 6 months. The fact that my tax dollars are going to a family making $250k a year is fucking insanity.

— Amber Duke (@ambermarieduke) August 24, 2022

Republicans are so eager to give tax cuts to the richest people in America but loathe to help millions stuck with predatory student loan debt. Tells you everything about their priorities & their base. Hope Democrats support Biden’s actions today and become more bold & ambitious.

— Wajahat Ali (@WajahatAli) August 24, 2022

Set aside the dollar signs and percentages around student loan cancellations for a moment and ask yourself one, simple question:

Should person A be forced to pay for something person B chose to purchase?

No. It’s that simple.

— Addison Smith (@AddisonSmithTV) August 24, 2022

The problem with student loan forgiveness is that college is as expensive as it is in the first place — we/universities think of ourselves not as public servants but as luxury goods

— Scott Galloway (@profgalloway) August 24, 2022

Took me about a decade to pay off my student loans, and I’m glad I took out the loans but my god, a decade! I will never understand the people who go through hell and then insist others must also do the same. Abolish your inner cop

— Elamin Abdelmahmoud (@elamin88) August 24, 2022

The average student loan debt carried by an American is north of $30k. So just setting aside the soundness/morality of this policy for a second, how do you politically sell unlimited withdrawals to Zelenskyyyyyyyyyyy but we only forgive a third of your debt? https://t.co/zgt81ajxQU

— Steve Deace (@SteveDeaceShow) August 24, 2022

student loan forgiveness traditionally comes after student loan tashlich (ripping up your student loans and throwing little pieces into the sea)

— Ariel Edwards-Levy (@aedwardslevy) August 24, 2022

I say this as someone who paid off their student loans (near $70k). Removing $10k merely takes away a year of interest. And puts burden on taxpayers.

Does nothing for those with 4 years of student loan debt. A real solution is lowering the astronomical interest rates.

— Britt McHenry (@BrittMcHenry) August 24, 2022