Taxpayer money going down the drain: Biden circumvents SC decision, cancels $72M in student debt
09/01/2023 // Arsenio Toledo // Views

President Joe Biden has made good on his promise to circumvent a Supreme Court decision. The Biden administration recently canceled student loans amounting to $72 million for 2,300 students who were deceived by the now-defunct Ashford University.

Based on an independent review by the Department of Education (ED) the degrees obtained by the students are "effectively worthless." This deception by the former Ashford University about the costs, time requirements and values of its degree programs became the basis of the student loan cancellation.

"These borrowers were lied to about the cost of attending Ashford, were misled about how long it would take to get a degree and were deceived about the transferability of Ashford credits. They deserve better," Biden himself said in a statement. He stressed that his administration "won't stand for colleges taking advantage of hardworking students and borrowers."

But observers think Biden simply wants to show the Supreme Court who's the boss.

His administration earlier announced the cancellation of $39 billion in student debt, which would benefit more than 800,000 borrowers. This, coupled with the $72 million to be forgiven, shows the president's persistence to circumvent the Supreme Court's decision to strike down the policy.

Back in June, the high court voted 6-3 to strike down Biden's $800 billion student loan forgiveness plan. Under the scheme, debts of as much as $20,000 could be canceled for 40 million borrowers. Fortunately, the Supreme Court stepped in and threw a wrench in his plans.

"They said no, no – literally snatching from the hands of millions of Americans thousands of dollars in student debt relief that was about to change their lives," Biden said at the time. "[The Supreme Court] decision has closed one path, and now we're going to pursue another." The president also promised a "new way" to circumvent the high court's decision.

Biden's ED helped him find that way.

According to the ED's review, only around 25 percent of students in Ashford graduated within eight years of enrollment. Not only will the more than 2,300 student loan borrowers see their loan balances zeroed out, but the $72 million will also go toward refunding them for the payments they made on their loans. The ED will email those eligible for student loan forgiveness in September.

Formerly based in San Diego, Ashford University boasted of having more than 100,000 students in its heyday. The University of Arizona (UA) later acquired it for $1 in 2020, renaming and restructuring it as the online nonprofit UA Global Campus. (Related: Survey: The average American has over $54,000 worth of debt and would do almost anything to get rid of it.)

Biden giving away taxpayer money to potential voters

James Kvaal, education under secretary, said in a statement: "We are protecting the students who were cheated by Ashford, and we will also hold the perpetrators accountable, protect taxpayers and deter future wrongdoing."

Aside from the ED review, a lawsuit filed by the California Department of Justice (CADOJ) against Ashford and its parent company Zovio also served as the basis for the loan forgiveness plan.

Evidence uncovered from the lawsuit proved that Ashford and Zovio "made numerous substantial misrepresentations" between March 1, 2009 and April 30, 2020 "that borrowers relied upon to their detriment." The court ruled in favor of the CADOJ, concluding that Ashford had made more than 1.2 million misleading representations nationwide to prospective students.

Still, many Americans believe the student loan forgiveness plan is just a vote-buying scheme in disguise, with Biden literally giving away taxpayer money to potential voters.

Visit for more stories about student loans.

Watch this clip from Fox Business detailing how Biden's new Supreme Court-subverting student loan forgiveness plan could cost American taxpayers over $475 billion over the next 10 years.

This video is from the News Clips channel on

More related stories:

SCOTUS BYPASSED: Biden's education department to automatically WIPE OUT $39 billion in student loans, despite Supreme Court ruling against it.

Greedy Harvard University, which boasts a $53 billion endowment, tells struggling students to apply for FOOD STAMPS in order to survive.

Dave Blaze calls for end to the STUDENT LOAN racket.

HIGHER EDUCATION ROBBERY: American taxpayers will be forced to pay an average of $2,500 each if student loans are canceled.

Biden's plan to write off student loans using post-9/11 national emergency law is a form of political posturing.

Sources include:

Take Action:
Support Natural News by linking to this article from your website.
Permalink to this article:
Embed article link:
Reprinting this article:
Non-commercial use is permitted with credit to (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.
App Store
Android App
eTrust Pro Certified

This site is part of the Natural News Network © 2022 All Rights Reserved. Privacy | Terms All content posted on this site is commentary or opinion and is protected under Free Speech. Truth Publishing International, LTD. is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. Truth Publishing assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published here. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
Natural News uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.