#bidenvnebraska — Public Fediverse posts

So the new "SAVE plan" to effectively cancel most loans, but over a long period of time, while increasing grants to reduce new loans, makes a lot of sense.
https://www.ed.gov/news/press-releases/biden-harris-administration-launches-most-affordable-repayment-plan-ever-transforming-income-driven-repayment-cutting-undergraduate-payments-half-and-preventing-unpaid-interest-accumulation

However it's also likely to cost more than a simple #DebtForgiveness aka haircut. Which is why such programs must be decided by expert agencies accountable to elected officials, not by an unelected #SCOTUS moonlighting as an actuary who doesn't know math.

#BidenVNebraska

An expert on the US Supreme Court tries to make sense of today's student loan decision.

' The Supreme Court’s decision in Nebraska is not rooted in law, and it barely even attempts to resemble a legal decision. The Court overrules both elected branches. It rewrites a federal law. And it roots its decision in a fake legal doctrine with no basis in any actual legal text. '

#SCOTUS #USSupremeCourt #MajorIssuesesmmDoctrine #BidenVNebraska #StudentLoans #LoanForgiveness

https://www.vox.com/scotus/2023/6/30/23779903/supreme-court-student-loan-biden-nebraska-john-roberts