Reason.com By
President Joe Biden recently claimed his student loan forgiveness plan was authorized by “a law” that he “just signed” after Congress narrowly approved it. “It’s passed,” he said during a NowThis News panel discussion. “I got it passed by a vote or two.”
In reality, the debt cancellation program was never approved by Congress, which is the main argument underlying several legal challenges to it. By trying to unilaterally relieve some 43 million Americans of the obligation to repay the money they borrowed for college, those lawsuits say, the Biden administration overstepped its statutory authority, violating the rule of law and the constitutional separation of powers.
In August, the administration announced a program that would cancel up to $10,000 in student debt owed by individuals earning less than $125,000 a year or couples with incomes below $250,000. Recipients of Pell Grants would receive up to $20,000 in relief…
