Are you aware that in our democracy the people least able to pay their debts are the ones who acquired expensive degrees to improve their earning potential? If you weren’t before, your ignorance has surely been remedied after no less than five rounds of Department of Education rulemaking aimed at relieving the distress of student-loan borrowers who found that—after years devoted to filing petty complaints over their professors’ verbal miscues—they were less upwardly mobile than they expected.
Under the Biden administration, the department worked with beaver-like diligence to appease this constituency, or at least its self-appointed representatives. Few priorities received more attention from the executive branch. Disinclined to the political exercise of negotiating with Congress, the Biden administrative preferred instead the esoteric, quasi-mystical exercises of…
