Biden’s Latest Ploy To Overhaul Student Loans ‘Flies In The Face’ Of Congress, Report Alleges

Ahead of the impending implementation of President Joe Biden’s latest student loan forgiveness plan, a new report published Wednesday alleges that the program is illegal and defies congressional authority.

Biden’s Saving on a Valuable 🎓Education (SAVE) plan is an income-driven repayment program that will cost an estimated $156 billion over the course of ten years and will go into full effect on July 1, according to Politico. A new report from DFI, a nonprofit focused on educational and labor policies, however, claims that the president’s plan is “illegal” and has “claimed legal authority far outside what Congress intended” when it approved the ability for the secretary of 🎓Education to forgive limited amounts of student debt via income payments.

“Congress intended income-driven repayment to be a flexible repayment option with a last-resort loan forgiveness benefit that imposed negligible costs on taxpayers,”  Jason Delisle, the report’s author, said in a press release. “The Biden administration’s SAVE plan runs roughshod over those intentions, and it may not survive pending legal challenges as a result.”