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Legal or not. it is plainly illegal. i really hesitate to use the language the biden administration is using in calling it debt relief. 39 billion don't go away and get erased, they get transferred to the federal taxpayer. burden of student loan debt is transferred from people who took out the loan to people who didn't. most don't have college degree, many more made a decision based on where they were confident they could repay their loan and fulfill that obligation they signed up for. many have paid off their student debt and by transferring this debt from people who took it out, biden admini...

Devin archer would know that. will he give it. >> steve: stay tuned. 10 days ago u.s. supreme court struck down the biden student loan forgiveness program. they said you need authority from congress to do it. they were using the heroes acts, which is for members of military or firefighters after 9/11. biden administration applied that to everybody else. on friday, they announced 39 billion in student loan for forgiveness, which would being half a thrillion dollars and doing it under the higher education act of 1965. there is probably authority to do something like that, but there is no funding...

Crack at the apple here? >> the 39 billion, you are right, it is going to be much more than that it ultimately gets up to half a trillion dollars. i don't think it is putting the resources in the right place and i think comparing student loan forgiveness to what we did to keep our economy afloat with carers is an apple and an orange. it probably speaks to the lack of valid arguments the white house has for this policy. >> neil: you know, they are well aware at the white house that this is an issue, hope it is an issue it would politically resonate, but i could easily imagine many for whom this...

That something will see unfold going forward. >> the suggestions are based on federal department of education saying sorry, we cannot count to run count again. [laughter] parts of the bipartisan problem. quick student loan borrowers are demanding a recount. let meet really quickly congress person lisa mclean is her publia republican went to the florida last on friday said this in a tweet, biden's unconstitutional loan forgiveness scheme is a slap in the face to hard-working taxpayers have dutifully paid off their student loans, rest assured come hell or high water i will fight this blatant ove...

Debt weeks after the supreme court ruled a separate program unconstitutional. what's the distinction now? it hits older americans. hillary vaughn is tracking it down on capitol hill. the story broke on friday. what do we know about it now? good morning. >> good morning, bill. that's $39 billion that the federal government was counting on getting back from loans ultimately backed by u.s. taxpayers. this loan forgiveness going to 800,000 people goes to those who have federal loans owned directly by the education department and who are participating in income-driven repayment plans. republicans a...