The Education Department of the United States Government has clarified the status of Biden’s Billion-dollar write-off on student debts.

Department of Education has stated that the write-off under the Higher Education Relief Opportunities for Students, commonly known as the Heroes Act, is completely legal.

Donald Trump’s claim of the write-off being substantially incorrect and negatively affecting the budget deficit does not stand true, it seems. 

Mr. Trump had made these claims in his memo of 2021 where he stated that the government lacked the authority to disregard the debts of borrowers.

PS. Here is one article explaining this in greater detail. You can find many other such articles online, particularly from rightwing sources trying to convince you this use of the HEROES Act is illegal.https://t.co/9Qvl9ZFJzK

— DCPetterson (@dcpetterson) August 29, 2022

Lisa Brown, who serves as the Department’s General Counsel has stated that the Act of 2003 does in fact grant the Secretary to cancel loans of the students affected by the Covid-19 Pandemic.

The US Department of Education has, thus, declared that these claims made in the 2021 memo do not stand true. 

Mr. Joe Biden, while addressing this loan, had said that people would finally be free to start their business, start a family, or even buy a home, now that they do not have to be under the mountain of debt.

There seem to be some speculations about student debts which now amount to a hefty $1.7 trillion. Republicans are of the idea that this could spell disaster for the national economy, while Mr. Biden thinks that without the mounting pressure of student loans, the American economy is better off.

Read Also:

• All You Need To Know About DACA And The DREAMers
• Disney Win In Trademark Battle Against Evel Knievel Upheld By Appeals Court
• New Developments On The Twitter Whistleblowing Case: Musk Might Benefit From It