EDUCATION LEADERS AGREE WITH JOB CREATORS NETWORK: BIDEN STUDENT LOAN FORGIVENESS NOT LAWFUL
This week, numerous amicus briefs were filed with the Supreme Court in support of the Job Creators Network Foundation Legal Action Fund challenge to President Biden’s student loan forgiveness program. Of note is a brief filed today by five former Secretaries of Education, who also co-authored an op-ed in the Wall Street Journal summarizing their arguments. In response, JCNF President Elaine Parker issued the following statement.
“We are pleased to see five former secretaries of education agree with us today that President Biden does not have the legal authority to unilaterally extend blanket student loan forgiveness. The former secretaries argued that: ‘For mass student loan cancellation to occur, Congress must have both authorized such an action and appropriated taxpayer funds to cover the costs. Since neither happened, the Justices’ decision in this case should be pretty straightforward to render.’
“It’s clear that Congress never authorized mass loan cancellation, and it’s equally clear that allowing Biden’s bailout to go forward would set a disturbing precedent that would totally upend the system of checks and balances created by the Constitution. While we agree that there is a student loan crisis, we believe the law is clear that only Congress has the power to forgive loans.”