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re: Biden announces more college debt forgivness

Posted on 3/23/24 at 2:20 am to
Posted by LSULaw2009
Baton Rouge
Member since Feb 2008
1696 posts
Posted on 3/23/24 at 2:20 am to
quote:

Show us the law that gives the president the ability to cancel a debt.



college cost reduction and access act of 2007

20 USC 1087e(m)

PSLF is a program set up by Congress and signed into law by President George W. Bush.

Most of the forgiveness claimed is PSLF. Congress also set up some loan discharge programs for those permanently disabled or where the college (shady for profits) in question defrauded it's students.
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