President Biden U-TURNS on student debt relief for MILLIONS
Lawsuit filings and public backlash over huge cost to taxpayers The Department of Education announced the change on Thursday
The Biden administration quietly announced a change in its student debt forgiveness program on Thursday that could exclude up to 4 million borrowers with loans owned or backed by private companies.
The u-turn by the federal government comes after the first legal challenges were filed to the policy and following criticism of the huge costs to taxpayers. Critics also claimed the plan is an illegal use of President Joe Biden's executive power.-- More...
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