Student loan forgiveness mark these 4 dates on your calendar now

 Legislation to forgive student loans is unlikely to occur before  the end of the summer , since payments .

The president does not have the legal authority to forgive students loans on his own. Only Congress has the power of the purse.

 The executive branch cannot spend money that has not been appropriate by congress the claims that the president has the authority.

 Without authorisation by Congress of a specific loan forgiveness program the president does not have the authority

 In addition the part language refers to part  of the higher education act of 1965 which applies only to loans .

But this does not apply to the waiver authority because waiver authority is not  part of the terms and conditions of the loans.

Forgiving student loans goes beyond what is necessary to ensure that barrowers are in the same financially.

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