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Reason
Reason
Eric Boehm

Joe Biden's Incoherent Student Loan Logic

In the hours after Friday's Supreme Court ruling that struck down his attempt to forgive large amounts of federal student debt, President Joe Biden promised two new actions to ease borrowers' burdens. The president's next steps and his rhetoric suggest that little has changed in his flawed logic regarding student loan forgiveness—which has always seemed to have been more about electoral politics than serious policymaking, despite the huge price tag.

Going forward, Biden's student loan plan will include the two steps announced Friday and one lingering element from his earlier proposal that wasn't part of the Supreme Court's review.

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