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Cato Daily Podcast
Biden Continues Transferring Student Debt to Taxpayers
Apr 27, 2024
Educational policy expert Neal McCluskey discusses Biden's strategies for transferring student debt to taxpayers, exploring the limitations of the Heroes Act and the use of different executive authority. The podcast delves into recent student loan forgiveness initiatives, government failures, and the mishandling of student loan programs by the Biden administration.
10:40
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Quick takeaways
- Biden administration shifts focus to smaller debt cancellations after Supreme Court setback
- Concerns raised over transparency and accountability in student loan forgiveness programs
Deep dives
Biden Administration's Student Loan Cancellation Plan and Legal Challenges
The Biden administration faced rejection from the Supreme Court regarding a large student loan cancellation plan due to lacking the claimed authority. Instead, they opted for smaller debt conversions to taxpayer debt as a workaround. Despite previous setbacks, Biden's team aims for mass loan cancellation under different authorities like the Higher Education Act, navigating through a strict regulatory process to convert loans to grants.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode