The Supreme Court’s refusal to allow President Joe Biden’s Student Loan Forgiveness made the president admit that he did not have the authority to grant it without congressional approval. Who has the authority to grant student loan forgiveness if the president can’t?
President Joe Biden moved for student loan forgiveness regardless of its practical and financial effects.
Student loan forgiveness will bolster the country, especially in its finances, as reported by the Washington Examiner. This will add a $430 billion record to the federal debt.
Student loan forgiveness is tantamount to massive federal subsidies that would lead colleges to increase tuition fees with the notion that government will aid college education.
Authority to Grant Student Loan Forgiveness
When President Biden planned student loan forgiveness, he already had the idea that the authority to approve was not in his hands. In a published article in the Washington Examiner, he said, “I don’t think I have the authority to do it by signing with a pen.” This statement was supported by House Speaker Nancy Pelosi, “People think the president of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”
President’s idea on student loan forgiveness needs congressional approval before it will be granted.
Chief Justice John Roberts wrote “The question here is not whether something should be done; it is who has the authority to do it”, as a means of refusing Biden’s student loan forgiveness plan.
Biden and Pelosi acknowledged that “an act of Congress” can basically change a program created by an earlier act of Congress.
It was right for the six-justice majority to uphold the Constitution’s separation of powers, and to maintain ordered liberty.
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