Frugal tip for the frugal / poor / pagans / heathens: regardless of who is in charge, xmas tree giveaway starts Dec 26 (and sometimes late on the 25th)! Go early (or late) for the best leftovers.
I was talking about the offers, not the actual goodies. Goodies can’t fully materialize, no matter who wins. There is always the next election, and the next one after that. Always something extra to be had. Just vote for us!
Biden admin gives up on the last two of their unconstitutional student loan giveaway plans, blamed Millennials for not voting for Kamala. No just kidding, they blamed Trump of course.
Currently, roughly 5.3 million borrowers are in default on their federal student loans.
The Trump administration ’s announcement marks an end to a period of leniency that began during the COVID-19 pandemic. No federal student loans have been referred for collection since March 2020, including those in default.
Crazy that for 5 years, including 3 years of more or less normalcy, you could just not pay your loans with no consequence.
Definitely this got extended far too long. You could make a case for a couple of years of COVID disruption but after that the job market had recovered completely so no reason to keep student loan repayment paused. That should have been a day 1 action item but at least glad it won’t be tolerated any longer.
The decision to send debt to collections drew criticism from advocates, who said borrowers had experienced whiplash and confusion with the changing student loan policies between the Biden and Trump administrations.
LOL poor snowflakes got whiplash and confusion about having to pay what they owe…
That’s true. Something bugs me about the whole thing though.
The same way that the first Trump administration stops enforcing the ACA mandate after being unable to change the law. Biden administration deciding not to enforce the law requiring repayment of Federal student loans.
In either case, the law should be followed and the administrations should not be allowed to enforce whichever laws they like and ignore enforcement of the ones they don’t. Another grievous instance of the Executive - IMO illegally - overriding the power of Congress.
Wasnt there some aspects that were declared unconstitutional? It was quite a while ago and I dont trust my memory, but I thought that was why the mandate went away? I guess not the mandate, but the penalties for not complying which then effectively made the mandate optional.
SCOTUS upheld it as constitutional in 2021 (last major ruling which overruled the 5th circuit court IIRC) in that the ACA mandate penalty was essentially a tax so it was constitutional for Congress to enact this tax via the ACA law.
But like you said, Trump instructed the IRS not to enforce the penalty that was in the law, making it effectively moot as a mandate.
To me, that’s the part that feels like anathema to the role of the Executive which is to enforce laws passed by Congress. Same with Biden’s DoE instructions to not collect on student loans in default. Executive should not have that unilateral power to selectively ignore the law IMO by telling the DoE, Treasury, or DoJ what laws they should not enforce.
The executive needs power to manage the government and its functions. The Congress still has the power of the purse so they can withhold funding from the executive in a confrontation.