#shorts On 6/30/2023, a reporter asked, “I wanted to get at that affordability issue. So does the President then blame universities for that affordability issue? And do you really think that that rule is working, that you talked about?

MR. RAMAMURTI: Well, the rule is still in progress. It’s going to be proposed and then ultimately put in place. But I think when it is in place, it’s definitely going to go after the — the worst performers in this space, the colleges and universities that are charging the most and delivering the worst results.

On 6/30/2023, the Supreme Court put the final nail in the coffin and invalidated Biden’s student loan bailout program. Joe Biden unilaterally announced a massive forgiveness of student loans last August to buy the Gen Z-Millennial vote in the 2022 midterms. Biden canceled over $400 billion in student loans which turns out to be up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants. Six Republican state attorneys general sued Joe Biden and argued the student loan bailout violates the separation of powers. Separately, two borrowers who did not qualify for Joe Biden’s student loan forgiveness plan (Department of Education v Brown) sued to stop the program. The Supreme Court ruled 6-3 in Biden v Nebraska that Joe Biden’s student loan forgiveness was unlawful. The 8th US Circuit Court of Appeals in November extended a block on Joe Biden’s student loan bailout plan. The DOJ then asked the Supreme Court to lift the 8th Circuit Court’s block, which they refused to do. The Supreme Court ruled 6-3 that Joe Biden overstepped his authority.

other clips of this published longer video is here: https://youtu.be/5guoqhrgHkk
Q: blame bailout or blame universities for high cost? rule is working? A: rule is still in progress