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Biden Announces EIGHTH Student Loan “Pause”

The courts have consistently swatted down Biden’s attempt to unilaterally discharge or forgive student loans. The Constitution clearly states that only Congress has the authority to appropriate money.  All of this is illegal.

That hasn’t deterred the White House in the least as Biden has ordered yet another pause on repayments. Remember, he has asserted this authority under the emergency powers granted to the president to combat COVID.

If the pause lasts to the end of Biden’s term, the total cost to taxpayers will reach $275 billion.

The new Congress should close the loophole that lets the administration “pause” student loan payments forever.  While they are at it, they might want to recover some of the costs to taxpayers of unpaid student loans with a tax on the hundreds of billions of dollars stashed in university endowments.

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