ana ana analyst jeffrey, and what do you think about that elie honig? well, it is not if you want to open up a lawn business, but the legal question is what are the legal extent of the president through the department of education can and cannot do, and the challengers say that you went beyond what congress allows you to do, and there is a fairly broad law called the heroes act called in times of national emergency, the student debt can be modified, and the administration says we are within the scope of the law, and the question is did the executive branch go beyond what the scope of congress said they could do. i am curious about the case going forward when it is coming to the free speech versus the lgbtq rights. the person who is suing is basically hasn t started her business yet. she has not faced any hardship, and she has not suffered any losses, and how can someone like that bring a case before you even start your business? it is a great question. that is the secon
complaint to the white house where they knew this executive order would be struck down by the courts and did nothing to absorb the exorbitant costs in higher education. and exorbitant costs in higher education is something that we have talked about so many times, because when it is coming up, and the way i often describe it is any of the efforts is a band-aid over a gaping wound which is the cost of higher education is too high. yeah, and the term is moral hazard. and four-year private college is $58,000 a year, and public in-state is $30,000 a year, and there is nowhere in the economy where you have seen inflation for something that is so necessary for people to enter the middle-class, and the inflation is just run away inflation in terms of the cost of college. so, that is definitely an underlying problem, but it is interesting that some of the other responses from republicans and democrats who agree, but they just kind of don t understand the fairness of, i sent my kid t
Investment, and a debt that is worth it. half of the americans have 20,000 or less worth of debt, and few percentage points they are paying on the bills and for most people it is worth it, but for the outliers who have $100,000 or more in student loan debt, it is crushing on october 1st. that i have had three years of not having to pay that debt, and they have been using it for other things in the household budget, and very rude awakening for millions of american families. and christine, from top republicans, john thune putting out a statement saying that i am seeing the way he is talking about it is very similar to the other republican reaction coming from capitol hill is that the plan that biden had put forward was unserious scheme to force 87% of the americans who do not have student loan debt to bear the cost of 13% of americans who do so, and anybody frustrated by the decision should direct their