President Biden has decreed that students who borrowed for college will be forgiven up to $20,000 of their debt. That bit of special interest politics seems to have paid off in a lot of Dem votes last fall, but it’s on very thin ice legally. The Supreme Court will hear arguments in a case challenging it later this month.

But the regime has more tricks up its sleeve. The Department of Education has proposed new rules that would make repayment of loans so easy that, for many borrowers, college would become close to free. (Free to them, that is; the taxpayers will have to pick up the expense.)

In this AIER article, a look at the administration’s proposal and find it disastrously flawed. It will have many dire consequences (higher tuition, more borrowing, lower student effort) and is also illegal. Regulations with such far-reaching effects need to be enacted by Congress, not imposed by a bunch of bureaucrats.