Biden’s slow trickle approach to student debt pleases no one except small slice of borrowers

President Joe Biden continued his slow rollout of student debt transfers Friday morning with the announcement that his administration will write off $5 billion worth of loans for 74,000 borrowers.

The White House touted the move as the president using “every tool at our disposal” to cancel student debt, yet the trickle approach has outraged conservatives who say the actions are illegal, while “forgiveness” advocates are urging the administration to go bigger.

“President Biden continues to defy the Supreme Court and Congress by forgiving yet another round of student debt,” Job Creators Network Foundation President Elaine Parker said. “His lawless actions make a mockery of the separation of powers and set a dangerous precedent that consolidates more power in the executive branch.”

Parker said college students are the “biggest losers of the move,” as
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