Harris-Biden increase student-loan-forgiveness incentives to secure votes

Unable to attract voters with their track record? Resort to bribery: This seems to be the strategy behind the continuous student loan forgiveness programs pushed by Harris and Biden.

The latest move: an additional six-month freeze on loan repayments for 8 million fortunate borrowers, as part of the White House’s Saving on a Valuable Education “plan.”

This comes shortly after Harris-Biden forgave another $4.5 billion in student debt, bringing the total forgiven amount to a staggering $175 billion — nearly half of the $430 billion they attempted to forgive before it was deemed illegal by the Supreme Court.

Ultimately, this cash comes directly from the pockets of taxpayers who chose not to pursue higher education or take out loans, as well as from those who have already repaid their loans without any federal assistance.

President Biden and Vice President Kamala Harris were aware that Congress never approved their $430 billion plan. However, as soon as the Supreme Court invalidated it, they introduced yet another forgiveness plan, the “income-driven repayment” SAVE plan.

This new plan came with a $475 billion price tag over 10 years — $45 billion more than the previous one.

This plan has also faced legal challenges.

On the basis of merit, there is no valid rationale for any large-scale loan forgiveness: Individuals with college degrees generally earn more than those without; the extra income usually offsets the costs incurred.

Nevertheless, Harris and Biden are placing the burden on workers who chose not to pursue higher education to evade debt — such as waitresses, truck drivers, and construction workers — to cover the debts of their more advantaged peers.

It is like a reverse Robin Hood scenario.

What’s even worse? Such programs do not make higher education more affordable; most colleges capitalize on the subsidies by raising tuition and fees.

No, Harris and Biden’s only motive for transferring the debt of a few million former college students onto 346 million Americans is simple: They believe it will earn them votes.

Indeed, Harris has pledged to expand this scheme if she wins in November.

“I will continue our work to . . . relieve the burden of student debt,” she promises.

Voters who will bear the cost should ensure she does not get the opportunity.