Opinion: There’s a better way to tackle America’s student debt crisis

Back in June, mere hours after the Supreme Court rejected the Biden administration’s first attempt at broad-based student debt relief, the White House kicked off a renewed push. The president announced a new effort to cancel student debt, this time under a different legal authority than the “national emergency” one used previously. The latest attempt, which requires a lengthy rulemaking process before it could take effect, cites the education secretary’s authority to “compromise” federal student loans in certain cases. With this latest effort, the administration hopes to navigate the Supreme Court’s clear pronouncement that the education secretary lacked the authority to “rewrite…