Bill Peacock, Vice President of Research and Director of the Center for Economic Freedom, bill analysis on Senate Bill 586.
Biden Administration Planned to Facilitate Fraud as Part of Loan Forgiveness Plan
It is no secret that the Biden administration wants to forgive student loans. One—of at least eight—of its forgiveness proposals has been definitively buried, which would have forgiven up to $20,000 per borrower, or $10,000 if not a Pell Grant recipient. There were many reasons why this plan was terribly designed, and it was ultimately ruled illegal by the Supreme Court. But...