General Discussion
In reply to the discussion: Psaki: Student loan borrowers likely to have to pay debt 'sometime' [View all]LetMyPeopleVote
(145,619 posts)In the articles discussing the cancellation of student debt by magic or executive order, I came across an issue that has been pestering me. What is to be done on future student loan debt and how will persons who were responsible and pay off their student loans be treated. I was on scholarship in law school but still had to borrow some money. I paid off that loan many decades ago. My son was offered a full scholarship to one law school but went to a higher ranked law school. He paid off his student debt a long time ago. Another child is on track to have her student debt cancelled by working for a public agency.
As noted above, the current proposals will not help people who were responsible and repaid their student loans or people who will incure debt in the future. https://www.forbes.com/sites/zackfriedman/2022/02/04/democrats-tweet-that-student-loans-should-be-cancelled-but-twitter-claps-back/?sh=5117abf23abd
What will be done for such persons under these plans.
As for executive action, I remind you that the SCOTUS struck down Biden's OSHA rules for employers of 100 or more employees either being tested or vaccinated. The case on this issue is clear and that proposal should had been upheld by the SCOTUS. I seriously doubt that the SCOTUS would uphold the forgiveness of a very large amount of student debt by executive order in the real world. How do you propose getting around this problem in the real world?
I would love someone to explain how this works in the real world.