Current Events > AOC says Biden can still pursue student loan forgiveness

(+) Yeah! (+)

https://twitter.com/AOC/status/1674801593336864768

In the neoliberal dystopia that we live in, nothing good happens for the middle-class.

Biden doesn't care. He's nobody's friend and if we didn't have the godawful voting system we have now he would be nowhere near office.

RuneterranSnap posted...

Biden doesn't care. He's nobody's friend and if we didn't have the godawful voting system we have now he would be nowhere near office.

Yeah but Trump was much, much worse.

He wont

Shadowplay posted...

In the neoliberal dystopia that we live in, nothing good happens for the middle-class.

Can someone translate this

Full_Pokedex posted...

Yeah but Trump was much, much worse.

Without question, thus the mention of the voting system. He's a necessary evil that's only necessary because we have no power to fix the system.

Will_VIIII posted...

Can someone translate this

not sure if you should be offended?

R1masher posted...

not sure if you should be offended?

I don't speak MAGA nonsense

Will_VIIII posted...

Can someone translate this

Same thing both sides?

Its over. Time to move on

Will_VIIII posted...

Can someone translate this

Neoliberal - political persuasion favoring deregulation, lowering/eliminating taxes for the moneyed elite, and rapacious capitalism.

Dystopia - Conceptualized society built upon suffering and injustice.

Middle Class - The upper half of the working class.

EDIT: All of the text below the link is a copy-paste from the site. I just can't put it in a quote because then it'll remove the bullet points, because Gamefaqs has the technical forum maturity of a potato.

He can try, but it's likely to get shot down too if challenged:
https://thecollegeinvestor.com/35892/is-student-loan-forgiveness-by-executive-order-legal/

The President does not have the legal authority to forgive student loans on his own. Only Congress has the power of the purse. Executive action can be used only when it has been specifically authorized by Congress.

The executive branch cannot spend money that has not been appropriated by Congress, per 31 USC 1301 et seq (Antideficiency Act (P.L. 97-258)) and Article I, Section 7, Clause 7 of the U.S. Constitution.

The claims that the President has the authority to forgive student loans are based on a misreading of the Higher Education Act of 1965 at 20 USC 1082(a)(6). That section of the Higher Education Act of 1965 provides the U.S. Secretary of Education with the authority to:
...modify, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption.

But that quote is taken out of context. The preamble to that section of the Higher Education Act of 1965 limits this authority to operating within the scope of the statute:
In the performance of, and with respect to, the functions, powers, and duties, vested in him by this part, the Secretary may"

In other words, when Congress authorizes a loan forgiveness program, such as Public Service Loan Forgiveness, Teacher Loan Forgiveness or the Total and Permanent Disability Discharge, the U.S. Secretary of Education has the authority to forgive student loans as authorized under the terms of these loan forgiveness programs.

Without authorization by Congress of a specific loan forgiveness program, the President does not have the authority to forgive student loan debt. As the U.S. Supreme Court ruled in Whitman v. American Trucking Assns., Inc., (531 USC 457, 2001), Congress does not hide elephants in mouseholes.

In addition, the this part language refers to Part B of Title IV of the Higher Education Act of 1965, which applies only to loans made under the Federal Family Education Loan (FFEL) program.

There is similar language in Part E at 20 USC 1087hh for the Federal Perkins Loan program. There is no similar language for Part D for the William D. Ford Federal Direct Loan (Direct Loan) program.

The "parallel terms clause" in the Higher Education Act of 1965 at 20 USC 1087e(a)(1) (also, 20 USC 1087a(b)(2)) requires Direct Loan program loans to have the same terms and conditions as FFEL program loans. But this does not apply to the waiver authority because waiver authority is not part of the terms and conditions of the loans.

In addition, the regulations at 31 CFR 902.2 specify the four situations in which a debt may be compromised.

• The borrower is unable to repay the debt within a reasonable period of time. [31 CFR 902.2(a)(1)]
• The federal government is unable to collect the debt within a reasonable period of time through enforced collection proceedings, such as wage garnishment and Treasury offset. [31 CFR 902.2(a)(2)]
• The cost of collecting the debt exceeds the amount that will be collected. [31 CFR 902.2(a)(3)]
• There is significant doubt as to whether the government can win a lawsuit against the borrower. [31 CFR 902.2(a)(4)]

So, even if the President could use an executive order to forgive student loan debt, which he cannot, these regulations will prevent the President from forgiving the student loan debt of borrowers who are able to repay their student loans within a reasonable period of time.

Federal agencies are also required by the regulations at 31 CFR 901.1(a) to aggressively collect all debts."

knightmere122 posted...

Its over. Time to move on

Weird, because I'm still not paying loans we "owe" to them. So sure doesn't seem over.

Any blanket forgiveness that doesn't also include significant reform of DirectLoans, just means we're doing this all over again in about twenty or thirty years

RuneterranSnap posted...

Weird, because I'm still not paying loans we "owe" to them. So sure doesn't seem over.

Why is "owe" in quotes

But yea we should just ignore all checks and balances im favor of limitless executive power when its things we want

g980 posted...

Why is "owe" in quotes

Because I don't owe them shit and they aren't getting shit from me, especially after the spectacular lack of support they've provided.

Will_VIIII posted...

Can someone translate this

The contradictions of capitalism (which previously had been plastered over by a robust middle class of petite bourgeois and higher-earning skilled workers) have inevitably compounded under market globalization such that the once lionized facade is now crumbling before us. Only the rotten foundations will soon remain.

He won't because the plan was to put that idea on his campaign agenda and then coyly give up once it was inevitably shot down on the Senate floors or SCOTUS.

Full_Pokedex posted...

Yeah but Trump was much, much worse.

Democrats enable republicans (including trump) by being spineless losers who stand around and do nothing while republicans actively do damage. Even if democrats win every single election from now until the end of time, we'll still have a decline, just a somewhat slower one. Don't forget that biden was one of the strongest proponents for crippling student loan debt. He pushed to make it non-dischargeable through bankruptcy.

It's a good cop, bad cop setup. Don't forgot that the goal of both cops is the same. This is why pointing out that democrats are better is ultimately pointless. I continue voting democrat, but I'm not stupid enough to think it'll make a difference.

RuneterranSnap posted...

Because I don't owe them shit and they aren't getting shit from me, especially after the spectacular lack of support they've provided.

You're also too lazy to work fast food and think it's beneath you while being financially irresponsible.

Good luck with the debt collectors!

1337toothbrush posted...

Democrats enable republicans (including trump) by being spineless losers who stand around and do nothing while republicans actively do damage.

So says a Trump voter.

Sexypwnstar posted...

You're also too lazy to work fast food and think it's beneath you while being financially irresponsible.

Good luck with the debt collectors!

Not lazy at all, not irresponsible, did my time with fast food, and have a job. Try again troll :)

Exactly. What a smart take from a horse.

I mean, there's nothing stopping me from pursuing Megan Thee Stallion. It's not going to happen, ever, but I can still pursue her lmao

RuneterranSnap posted...

Because I don't owe them shit and they aren't getting shit from me, especially after the spectacular lack of support they've provided.

Lol then you can die in debt.

Just because you feel like you got an unfair shake doesn't change that you agreed to borrow very real money to go to very real college.

It isn't the rest of the taxpayers' fault because they didn't get duped and you did.

yemmy posted...

Lol then you can die in debt.

Just because you feel like you got an unfair shake doesn't change that you agreed to borrow very real money to go to very real college.

It isn't the rest of the taxpayers' fault because they didn't get duped and you did.

Yeah not going in debt and not accepting any sort of penalty for it. Not my fault the country elected a faciat bitch that installed illegitimate justices but none of their rulings have any weight with me.

My wife is also getting an abortion regardless of what they say if she ever needs it.

Full_Pokedex posted...

Yeah but Trump was much, much worse.

Thats debatable.

https://gamefaqs.gamespot.com/a/user_image/6/6/2/AAN3wfAAEnkm.jpg

Talk2DaHand posted...

Thats debatable.

No it isn't. Trump is much worse and if you would debate that fact you should be banned on sight.

Imagine simping for overpriced universities

Kloe_Rinz posted...

Imagine simping for overpriced universities

And imagine arguing we should charge interest on it too

RuneterranSnap posted...

No it isn't. Trump is much worse and if you would debate that fact you should be banned on sight.

OK Blue MAGA

Talk2DaHand posted...

OK Blue MAGA

Looooool

Talk2DaHand posted...

Thats debatable

Not in the slightest

Talk2DaHand posted...

Thats debatable.

https://gamefaqs.gamespot.com/a/user_image/6/6/2/AAN3wfAAEnkm.jpg

Ok so hes 1% as bad as a republican?

Biden is a selfish, hypocritical POS and he's still heads and tails over any Republican candidate.

RuneterranSnap posted...

Weird, because I'm still not paying loans we "owe" to them. So sure doesn't seem over.

Have fun getting audited by Bidens recently bulked up and now proficient in the use of firearms IRS then, sport.

Agent_Stroud posted...

Have fun getting audited by Bidens recently bulked up and now proficient in the use of firearms IRS then, sport.

Good luck to them.

What MAGAT's don't understand is that we disagree a lot with the Biden administration, there is plenty we don't like about him, but he is still a billion times better than Trump.

Talk2DaHand posted...

OK Blue MAGA

lmao... please let me borrow this from time to time

People think Biden and his administration actually care about peoples loans? Lmao

Hell sell the same lie in the upcoming election and people will still fall for it.

gamer167 posted...

People think Biden and his administration actually care about peoples loans? Lmao

Hell sell the same lie in the upcoming election and people will still fall for it.

Spotted the 2-time Trump voter.

Red_XIV posted...

Spotted the 2-time Trump voter.

I still say anyone who voted Trump the second time should lose the right to vote.

RuneterranSnap posted...

Good luck to them.

They don't need luck. It will come out of your paycheck before you even see it. It's a hard lesson to learn.

BGleason22 posted...

They don't need luck. It will come out of your paycheck before you even see it. It's a hard lesson to learn.

And then I find my own way to take it back, starting with stopping tax payments.

RuneterranSnap posted...

And then I find my own way to take it back, starting with stopping tax payments.

I'll be honest, I legitimately can't tell right now whether you actually have some kind of plan, are just trolling, or are a sovereign citizen about to claim that you can use your birth certificate as tender to pay off any debts the government throws at you as clearly stated in the articles of confederation.

Like, it's a three-way split.

s0nicfan posted...

I'll be honest, I legitimately can't tell right now whether you actually have some kind of plan, are just trolling, or are a sovereign citizen about to claim that you can use your birth certificate as tender to pay off any debts the government throws at you as clearly stated in the articles of confederation.

Like, it's a three-way split.

It's not like I have a choice. My finances and credit have been ruined because of factors outside of my control and a failure of both local and federal government to provide support. I'm don't the work to recover but I'm not going to let them continue to victimize me and that's exactly what this would be. I'd rather the government do their job but I will do what I have to to protect what's mine.