[jabagonuts]

Having not seen the actual law or executive order or whatever legal reference document, one thing that has not been clearly covered by the media or in debates or even the studentaid.gov website is whether or not this law applies only to current federal loan borrowers, or also extends to those under the prescribed income limits who paid off their federal loans years, or even decades ago.

[pb7]

It is definitely not the latter and that’s what makes it unfair. If it was fair, they would cut the same $10K check to everyone that had paid for higher education in the last X years and meets the income criteria.

[jabagonuts]

Are you sure? What’s your source? Even the Biden administration is cryptic on this point. After posting my original comment, I’ve been doing additional research.

https://www.whitehouse.gov/briefing-room/statements-releases...

[pb7]

Thanks for the link. I don’t read the news so it’s the first time I’m seeing it. I didn’t see anything in there that alluded to people not currently in debt getting anything which matches what I had read in the past when this policy first surfaced.

[OrangeMonkey]

Or, alternatively, if this is actually legal.

Congress holds the powers of the purse and this is an executive order by a president a few weeks away from midterm elections. This is going to be litigated.

[rtp4me]

I agree. In fact, I don't think the President can forgive student debt loan - that is a job for Congress[0]

[0] https://www.heritage.org/the-constitution/commentary/can-bid...

[jabagonuts]

My comment is not concerned with legality - I’ll leave that to congress and the courts. I’m merely pointing out the obfuscation of eligibility requirements.