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Despite a long history of lawsuits, and even the Supreme Court itself ordering Biden to stop giving away taxpayers' money, the Biden Administration has announced this morning another $6 billion in federal student loan bailouts.
This new measure would effectively transfer the debt of some 317,000 students onto us, the American taxpayers. This particular round of bailouts will go to those who had enrolled in any of The Art Institutes campuses between 2004 and 2017.
This brings the total number of student loan debt that has been unconstitutionally transferred onto the American people up to an astounding $160 billion.
Education Secretary Miguel Cardona said in a statement, "For more than a decade, hundreds of thousands of hopeful students borrowed billions to attend The Art Institutes and got little but lies in return. That ends today—thanks to the Biden-Harris Administration's work with the attorneys general offices of Iowa, Massachusetts, and Pennsylvania. We must continue to protect borrowers from predatory institutions—and work toward a higher education system that is affordable to students and taxpayers."
The statement made no mention of any actual punishment for the now-defunct organization. Rather, they seem to be punishing the American people with bailouts that will increase our deficit, and likely our inflation as well.