The Biden administration’s student loan forgiveness scheme is falling apart. Over 72,000 Americans are stuck waiting for help that may never come. The Department of Education can’t handle the massive backlog they created with their illegal programs.
This disaster started when Biden promised to cancel student debt to buy votes. Federal courts ruled these giveaways were against the law. Republicans fought back and won, but now thousands of borrowers are paying the price for Biden’s lies.
The PSLF Buyback program was supposed to help public service workers get loan forgiveness. Instead, it became another government failure. The backlog has grown by 50 percent since April alone.
Biden’s team can only process 2,500 applications per month. At this pace, it would take over two years just to clear the current backlog. Meanwhile, new applications keep piling up every day.
The real problem is that these programs were never legal in the first place. Courts blocked the SAVE plan because it forced taxpayers to pay for other people’s college degrees. The Biden administration ignored the law and created this mess.
Secretary of Education Linda McMahon is cleaning up Biden’s failures. She said the previous administration used illegal loan forgiveness to win votes while forcing hardworking Americans to foot the bill. That’s not fair to families who paid their own loans or never went to college.
The Trump administration is focusing on what actually works. They want borrowers to use legal repayment plans that follow the rules Congress made. Personal responsibility matters more than political promises.
This whole situation shows why we can’t trust big government with our money. Biden promised the moon but delivered chaos and broken dreams. Real solutions come from following the law and making people pay back what they borrowed.
