Biden’s student debt relief plan was a craven attempt
To buy votes with a $430 Billion debt forgiveness to Red candidates perempt
Cancelling student debt with an executive order stroke of
the pen
Was illegal which is what Pelosi as Speaker of the House
told him over and over again
SCOTUS in no uncertain terms declared his acts violated the
separations of power in our Constitution ingrained
Biden supposedly has a plan to the ruling circumvent
starting with not rereporting to credit agencies defaults that will cause
debtors much pain
To many students have come to believe
That they are not responsible and the government their
financial paid must relieve
The students willingly entered into debt and they must pay
Student debt is one of the rare debts that in B/K does not go away
But colleges and universities that have hiked tuition faster
than inflation to new heights
Creating new courses that lead only to the unemployment line bear a good deal
of blame for the student debt holders plight
We have truth in lending to disclose with fees and costs the
annual percentage rate
For students we need from colleges a Truth in Borrowing that
annual income and degree majors mate
Maybe to retain their 501(c)(3) status a higher
portion of their endowment on financial aid must be spent
But compared to inflation tuition and fees must increase by
a lower percent
© 6/30/2023 Michael P. Ridley aka The Alaskanpoet
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