<p>Education Secretary <a href="http://www.dailywire.com/topic/miguel-cardona/" target="_blank" rel="noopener">Miguel Cardona</a> conceded on Wednesday that borrowers who had repaid their student loans would get no benefit from President <a href="http://www.dailywire.com/topic/joe-biden/" target="_blank" rel="noopener">Joe Biden&#8217;s</a> planned cancellation of up to $10,000 in student debt for many borrowers.</p>
<p>Cardona spoke briefly with Fox News White House correspondent Peter Doocy, who asked him to weigh in on those who had worked to repay their debts — and Cardona admitted that the mass cancellation would provide nothing for them.</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Doocy: &quot;The people that already paid their student loans, they don&#39;t get anything out of this deal.&quot;</p>
<p>Ed Sec Cardona:  &quot;Right.&quot;<br /> <a href="https://t.co/w6YQotUaAK">https://t.co/w6YQotUaAK</a></p>
<p>&mdash; Greg Price (@greg_price11) <a href="https://twitter.com/greg_price11/status/1562531964456173568?ref_src=twsrc%5Etfw">August 24, 2022</a></p></blockquote>
<p>&#8220;Just the final one on this: The people that already paid their student loans, they don&#8217;t get anything out of this deal,&#8221; Doocy prompted.</p>
<p>&#8220;Right,&#8221; Cardona agreed.</p>
<p>&#8220;That&#8217;s right, okay,&#8221; Doocy confirmed.</p>
<p>Critics of the plan have argued that taxpayers will get something out of the mass cancellation of student debt — <a href="https://dailywire.com/news/bidens-student-loan-cancellation-would-cost-330-billion-and-largely-help-the-wealthy/" target="_blank" rel="noopener">namely the bill</a>. Because the federal government creates budgets that depend on predicted income — student loan payments included – the cancellation of a large chunk of that debt in one fell swoop would result in a lesser amount coming in. The government would then have to compensate for that shortfall by reducing spending or increasing taxes — and the latter happens with more regularity than the former.</p>
<p>Senator Elizabeth Warren (D-MA), a longtime proponent of student debt cancellation, had a similar reaction when she was asked whether people who had paid off their own student loans might qualify for some kind of reimbursement.</p>
<p>&#8220;My daughter is in school,&#8221; a man <a href="https://thehill.com/homenews/campaign/479608-warren-confronted-by-man-at-campaign-event-over-tuition-reimbursement/">asked</a> Warren at a 2020 campaign event. &#8220;I saved all my money just to pay my student loans. Can I have my money back?&#8221;</p>
<p>&#8220;Of course not,&#8221; Warren replied.</p>
<p>&#8220;So you want to help those who don’t save any money and the ones that do the right thing get screwed?&#8221; he asked.</p>
<p>Doocy also asked Cardona about comments from House Speaker Nancy Pelosi (D-CA) — who said weeks earlier that President Joe Biden did not have the authority to unilaterally cancel student debt — and Cardona argued that a post-9/11 law allowed him to do so under certain conditions.</p>
<p>https://twitter.com/KevinTober94/status/1562529606938161152</p>
<p>&#8220;Speaker Pelosi said last year, she thought this was something a president could not do. It would require an act of Congress. So is this legal?&#8221; he asked.</p>
<p>&#8220;The HEROES Act, page 637 &#8230; gives me the authority to provide a waiver to ensure Americans are not worse off after an emergency — a national emergency — which the pandemic was.&#8221;</p>

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Education Secretary Says The Quiet Part Out Loud: People Who Paid Their Student Debt Get Nothing

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Education Secretary Says The Quiet Part Out Loud: People Who Paid Their Student Debt Get Nothing