Here’s Why Biden’s Student Loan Bailout Is Illegal.

The Lone Cactus

You would figure that Democrats would have learned by now. It’s not a matter of whether or not a student loan forgiveness program would be a good thing. I think most people are in the camp that this isn’t good. We’re teaching our kids (and those that are now adults) that it’s okay to backout of a deal like a loan without any consequences. You don’t have to worry because Uncle Sam will come to your rescue.

Except to do it the way Joe Biden did it isn’t going to work.

My hunch is, if it hasn’t happened already, there will be lawsuits filed that block his executive order to forgive $10,000 to up to $20,000 (for Pell grants) for any person with a student loan so long as their income is under $125,000 ($250,000 per married couple). The reason for that is simple. All you have to do is…

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