Op-Ed: The Stealth Student Loan Bailout

This article originally appeared in Real Clear Education on June 22, 2023

The Supreme Court is likely to strike down the Biden Administration’s borrower bailout in the coming weeks. The administration’s plan to transfer up to $20,000 in student loan debt per borrower—from individuals who voluntarily took out loans to finance their college education to unsuspecting taxpayers—is one of the most audacious examples of executive overreach in American history.

Despite its $400 billion price tag, the action is only a small piece of the administration’s strategy to create a massive new public subsidy for higher education. A cynic might wonder whether the headline-grabbing but legally dubious bailout now before the Court was conceived as a decoy to distract public attention from the real centerpiece of the debt-transfer agenda.

Read full op-ed in Real Clear Education