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American Federation of Teachers President Randi Weingarten
Photo:
Christopher Dolan/Associated Press
Teachers union chief
Randi Weingarten
turned up in Ukraine last week, and
wit
David Burge
quipped in a retweet that “Ukrainian reading and math scores drop 40%.” Alas the American Federation of Teachers chief is back in the U.S., and she’s also back at the political barricades threatening the state of Missouri for challenging its half-a-trillion-dollar student loan forgiveness scheme.
On Tuesday Ms. Weingarten and
Mike Pierce,
executive director of the nonprofit Student Borrower Protection Center, sent a letter demanding that the Higher Education Loan Authority of the State of Missouri (Mohela) drop its lawsuit against cancellation—or else.
Mohela services federal student loans. The Missouri Attorney General argues that the Administration’s loan write-off would harm the state agency by causing it to earn less fee income on borrower accounts and burdening it with higher costs to comply. “MOHELA has taken the legal position that it can veto federal student loan policy in order to protect its profits” and must “immediately cease interfering with student loan borrowers’ right to loan forgiveness,” the Weingarten letter demands.
Ms. Weingarten writes as if the Biden loan forgiveness had been enacted by Congress rather than something the Administration created out of whole cloth to buy progressive votes. Borrowers don’t have a “right” to loan forgiveness any more than they do to free college.
As for “profits,” the Missouri agency uses loan servicing revenues in part to provide college scholarships to students in the state. The profiteers are the colleges that stick students with debt they can’t repay. The Biden write-off will enable them to jack up tuition even more. This will benefit Ms. Weingarten’s union, which represents instructors at many colleges.
The letter claims that Missouri’s lawsuit constitutes an unfair and abusive practice under the Dodd-Frank Act and California law. “We estimate that the total liability for your company should you fail to cease these illegal practices exceeds $175 billion,” it says. Talk about Orwellian. How is it illegal to challenge an illegal presidential action that is unfair to those who didn’t take out loans and burdens taxpayers?
Ms. Weingarten is resorting to threats because she and the White House know that Missouri has a strong case against loan forgiveness for hitting its income and violating the Constitution’s separation of powers. Don’t be surprised if Consumer Financial Protection Bureau Director
Rohit Chopra
joins the progressive hit squad against the state lawsuits.
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