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https://www.wsj.com/articles/bidens-student-loan-write-off-part-ii-supreme-court-debt-cancellation-education-department-11673392131
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The Supreme Court next month will hear a challenge by states to President Biden’s $400 billion student debt write-off. In case it loses, the Administration on Tuesday rolled out its Plan B that would wipe out hundreds of billions of dollars in student debt on the installment plan.
The Education Department is proposing rules it says will “transform” income-driven repayment plans, by which it apparently means turn college into an entitlement whose costs increase on autopilot. Students going forward will be able to borrow without worrying about getting jobs that allow them to repay their loans.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.