{"id":1937146,"date":"2023-05-24T17:15:00","date_gmt":"2023-05-24T21:15:00","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-forgiveness-policy-faces-ongoing-scrutiny\/"},"modified":"2023-05-24T17:18:28","modified_gmt":"2023-05-24T21:18:28","slug":"bidens-student-loan-forgiveness-policy-faces-ongoing-scrutiny","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-forgiveness-policy-faces-ongoing-scrutiny\/","title":{"rendered":"Biden&#8217;s student loan forgiveness policy under scrutiny."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbidens-student-loan-forgiveness-policy-faces-ongoing-scrutiny%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1937146&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden&#8217;s Student Loan Forgiveness Program Under Scrutiny<\/h2>\n<blockquote>\n<p>The fate of President Joe Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ocasio-cortez-fires-back-after-biden-rejects-proposal-to-cancel-50k-in-student-loan-debt\/\" title=\"Ocasio-Cortez Fires Back After Biden Rejects Proposal To Cancel K In Student Loan Debt\">student loan forgiveness program<\/a> hangs in the balance as lawmakers vote on a resolution to stop the program and end the pandemic-related pause on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/heres-what-each-of-bidens-42-executive-orders-will-actually-do\/\" title=\"Here\u2019s What Each Of Biden\u2019s 42 Executive Orders Will Actually Do\">federal student loan payments<\/a>. <\/p>\n<p>The House Education Committee held a hearing on May 24 to examine the Biden administration&#8217;s student loan forgiveness policies. The proposed forgiveness program promised to eliminate up to $20,000 in <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/is-everything-racist-four-everyday-things-the-biden-administration-presents-as-racist\/\" title=\"Is Everything Racist? Four Everyday Things The Biden Administration Presents As \u2018Racist\u2019\">federal student debt<\/a> to millions of borrowers. The pause on payments was instituted in March 2020 in the early stages of the COVID-19 pandemic and is set to end later this year.<\/p>\n<\/blockquote>\n<figure id=\"attachment_4688172\" style=\"width: 640px\" class=\"wp-caption aligncenter\">\n<a href=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2022\/08\/2.download-183-1200x800.jpg\"><br \/>\n<img decoding=\"async\" src=\"https:\/\/img.theepochtimes.com\/assets\/uploads\/2022\/08\/2.download-183-1200x800.jpg\" alt=\"President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington on Aug. 24, 2022. (Evan Vucci\/AP Photo)\" \/><figcaption class=\"wp-caption-text\"><noscript><\/noscript><\/figcaption><\/a><br \/>\n<\/figure>\n<p>Republicans contend that the program is unlawful and transfers the debt&#8217;s cost to taxpayers who did not attend college or have paid off their student loans. The Congressional Budget Office (CBO) reported that blocking the program could decrease the federal deficit by about $320 billion.<\/p>\n<p>The Supreme Court is expected to announce its ruling on the lawsuits in late June or early July.<\/p>\n<h3>Overstepping Authority<\/h3>\n<blockquote>\n<p>Rep. Burgess Owens (R-Utah) is chairman of the Higher Education and Workforce Development subcommittee. James Kvaal, who is the U.S. Department of Education&#8217;s Under Secretary of Education, and Richard Cordray, who is chief operating officer of the Education Department&#8217;s Office of Federal Student Aid, testified at the hearing and urged support for the student loan forgiveness program.<\/p>\n<p>In his opening statement at the hearing, Owens said, &#8220;We titled the series, &#8216;Breaking the System,&#8217; because that is exactly what the Biden administration is attempting to do. Mr. Cordray and Mr. Kvaal, the Department of Education has vastly overstepped its authority. You are operating under complete executive fiat. Upon my reading of the Constitution, nowhere are Congress&#8217; legislative powers delegated to federal agencies like the Office of Federal Student Aid.&#8221;<\/p>\n<p>The Education Department, Owens argued, has &#8220;submitted billions of dollars of regulations completely reshaping postsecondary education. When in the world did unelected bureaucrats at the Department of Education and so-called nonpartisan leaders at Federal Student Aid become legislators?<\/p>\n<p>&#8220;The Department&#8217;s actions are not a fix,&#8221; Owens added. &#8220;Instead, they only exacerbate the long-term structural problem of college costs.&#8221;<\/p>\n<p>The Congressional Budget Office recently estimated that the Biden administration&#8217;s Income-Drive Repayment (IDR) plan will &#8220;lead to a 12 percent increase in student borrowing largely due to increases in tuition,&#8221; Owens explained.<\/p>\n<p>&#8220;It is the taxpayer who will ultimately foot the bill for this reckless proposal. Taken together, Biden&#8217;s student loan scam could cost taxpayers up to a trillion dollars when all is said and done.&#8221;<\/p>\n<\/blockquote>\n<h3>Conclusion<\/h3>\n<p>The future of President Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-forgiveness-policy-faces-ongoing-scrutiny\/\" title=\"Biden's student loan forgiveness policy under scrutiny.\">student loan forgiveness program remains uncertain<\/a> as lawmakers and the Supreme Court continue to debate its legality and effectiveness. Stay tuned for updates on this developing story.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>fate of President Biden&#8217;s student loan forgiveness program remained uncertain as lawmakers prepared to vote on a resolution to end the pandemic-related pause on federal student loan payments. The program is also awaiting a Supreme Court decision.<\/p>\n","protected":false},"author":492,"featured_media":1937147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[3706,5490,8248,4326,4108,5135],"class_list":["post-1937146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times","tag-bidens","tag-forgiveness","tag-loan","tag-policy","tag-scrutiny","tag-student"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/492"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1937146"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1937146\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1937147"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1937146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1937146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1937146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}