Biden's canceling of student loans relies on pandemic, 2003 law

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Biden's canceling of student loans relies on pandemic, 2003 law
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The law was adopted with overwhelming bipartisan support at a time when U.S. forces were fighting two wars, in Afghanistan and Iraq.

It gives the Education secretary authority to waive rules relating to student financial aid programs in times or war or national emergency.because of the pandemic, and it remains in effect.

In that case, the court declared that when dealing with such "major questions," the administration must point to clear congressional authorization when it asserts new power over an important part of the economy. The Job Creators Network, which promotes conservative economic policies, said it was weighing a lawsuit to try and block Biden's plan.

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