Biden withdraws proposed student loan forgiveness regulations

TOPEKA –  On Friday, the Biden administration’s U.S. Department of Education announced plans to withdraw proposed regulations that would have cancelled student loans for some borrowers.

Biden’s proposed illegal student loan forgiveness schemes would have forced blue collar Kansans, many of whom did not go to college, to pay off the student debt of New Yorkers with gender studies degrees to the tune of at least $274.3 billion.

“The Biden administration is backing down, because they know that we would beat them in court just like we did earlier this year in one of Biden’s illegal student loan forgiveness schemes. This brings to an end Biden’s lawless efforts to transfer debt from borrowers to the American taxpayers, many who may not have even gone to college,” Kansas Attorney General Kris Kobach said.

In June, U.S. District Court Judge Daniel Crabtree issued a nationwide preliminary injunction stopping one version of Biden’s student loan cancellation scheme at AG Kobach’s request.

The U.S. Supreme Court struck down an even earlier version of Biden’s student loan forgiveness plan.