Supreme Court Decision on Student Loan Debt Explained in Simple Terms. Both Parties Avoiding Obvious Truth.
The Supreme Court did not take the position that “student loan forgiveness is bad” as one might think by watching corporate media.
The court simply said that a law used to suspend student loans and other benefits for students going off to fight with the military after the 9/11 attacks could not be used to give student loan forgiveness to everyone. President Biden simply did not have the statutory authority to do it and to get it he needs to get approval from Congress. The issue is literally just that simple.
Republicans on the other hand are framing the issue as a simple giveaway to buy votes which is also dishonest.
Colleges realized that since anyone could get a tuition loan, they might as well jack up the price as the price became much less of a market barrier to education. Big academia took advantage of this and found a way to game the system.
Universities raised the price of tuition every year even much farther than the increasing cost of healthcare. They used this extra money not to hire better teachers, but to balloon the number of thinly veiled political activists they hired as college administrators. So much so that many universities have more administrators than teachers.
Democrats benefitted from the far-left political activists universities hired while the colleges got wealthy and paid themselves exorbitant salaries.
The downside came in that students were promised all of this help getting job placement with good jobs. University job placement programs are a joke and everyone knows it. Because of this hyperinflation of tuition, students were stuck with a four year college degree worth $20,000 but well over $100,000 dollars in debt. Students were scammed and arguing against that position is a denial of obvious reality.
Below is a video of famed law professor Jonathan Turley confirming: