Biden’s Last-Minute Power Grab on Student Debt: What It Means for You and Your Wallet

As we count down the days to President-elect Trump’s return to the White House, Biden’s administration is pulling out all the stops in a final flurry of executive actions. It’s like watching a homeowner nail the door shut just before the demolition crew arrives.

One of Biden’s latest attempts to leave his mark is a push for more student debt forgiveness, a move that screams desperation rather than compassion. With only weeks left until Trump steps in to reverse course, Biden and his Department of Education are working overtime to push through a massive student debt relief plan.

But make no mistake, this isn’t about “helping struggling Americans.” It’s about squeezing through another big-government overreach that sidesteps the Constitution and forces hardworking taxpayers to foot the bill for loans they never took out.

And here’s the kicker: it’s not just about current borrowers. Nope. Biden’s crew wants to extend this handout to “future borrowers,” too. Let’s unpack this mess.

The Final Push for Forgiveness

Biden’s Department of Education is rushing to finalize a new federal rule that would forgive student loans for 8 million borrowers before he’s officially out of office.

From Fox News:
President Biden’s Department of Education is trying to push through a new federal rule during the final weeks before President-elect Trump takes over to provide additional student loan forgiveness for 8 million borrowers who face financial hardships.

The plan claims to target borrowers who are likely to default, using a so-called “predictive assessment” to determine their eligibility. In other words, the government will decide who’s struggling enough to deserve a free pass, based on its own data and assumptions.

Now, call me old-fashioned, but isn’t it a bit presumptuous for the government to play psychic with our money? No wonder Trump is floating the idea of getting rid of the Department of Education!

Biden’s rule would also allow future borrowers to apply for relief based on what the administration calls a “holistic assessment” of hardship.

From Fox News:
If finalized, the new rule would authorize student debt forgiveness on a one-time basis for people who the department considers to have at least an 80% chance of defaulting on loans based on a “predictive assessment using existing borrower data.”

The rule would also allow people, including potential “future borrowers,” to apply for relief that will be awarded based on “a holistic assessment of the borrower’s hardship.”

So, let me get this straight. If you haven’t even borrowed the money yet, but you might struggle someday, Biden wants to give you a blank check anyway. How is this fair to the millions of us who worked hard to pay off our debts—or better yet, avoided them altogether?

Biden Ignores the Supreme Court—Again

This isn’t the first time Biden has pushed for sweeping student debt relief. Remember, the Supreme Court already smacked down one of his earlier attempts. But here we are again, with Biden flouting the Constitution and taking another swipe at the rule of law.

And let’s not pretend this is about helping everyday Americans. Biden and his cronies are pandering to their base one last time, hoping to score some political points before heading out the door. They’re putting ideology over common sense and leaving the rest of us to clean up the mess.

Biden’s last-ditch effort to push through more student debt forgiveness is a desperate attempt to cement his legacy. But this legacy is one of lawlessness, irresponsibility, and unfairness. Americans deserve better.

Who Pays the Price?

Biden’s latest plan is a slap in the face to hardworking Americans who live within their means. It punishes those who saved for college, worked through school, or skipped the fancy degree to learn a trade and get a job.

This isn’t about compassion; it’s about control. It’s about forcing taxpayers to shoulder the burden of bad decisions made by others. And let’s not forget, this kind of free-for-all debt relief only fuels inflation, drives up college costs, and devalues the degrees students worked so hard to earn.

When the government bails out bad behavior, it sends a dangerous message: personal responsibility doesn’t matter. That’s not the America I want to leave for my kids.

Trump Will Reverse Course

Thankfully, Biden’s days in office are numbered. President-elect Trump has made it clear that his administration will prioritize fairness and accountability. That means rolling back bloated programs like this and focusing on policies that benefit all Americans—not just the ones who fit a specific political agenda.

President-elect Trump has a clear mandate to restore fairness and accountability in government. And come January, we can look forward to a new chapter—one where the government respects the people’s hard work and stops playing fast and loose with our future.

Key Takeaways:

• Biden’s Final Push: Rushing through a new rule to forgive student loans for 8 million borrowers and even future borrowers.
• Ignoring the Law: Defying a previous Supreme Court ruling and bypassing Congress to impose his agenda.
• Trump’s Promise: Restoring fairness and fiscal responsibility when he takes office in January.

Source: Fox News