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Wealthy Liberal Mayor Brags About Having Student Loans ‘Forgiven’

Over the past month, Joe Biden, who claims to be running to protect our democratic norms, has gone around the country bragging that he’s ignoring the Supreme Court so that he can pass out money to his supporters in the form of student loan forgiveness.

“The Supreme Court tried to block me from relieving student debt. But they didn’t stop me. I’ve relieved student debt for over 5 million Americans. I’m going to keep going,” the president said, without any sense of irony.

Alpha News writes that Biden’s plan is helping exactly who he wants it to, but not the ones he claims to: wealthy who didn’t get scholarships to college and who weren’t poor enough for financial aid. In this case, the mayor of St. Paul, Minnesota, who makes $129,000 a year, received a kickback at the expense of the working class, who was smart enough not to take out loans.   

St. Paul Mayor Melvin Carter is off the hook for his federal student loans, and he has credited President Joe Biden for his good fortune.

In a May 29 tweet, Carter posted a screenshot of his account on federal student loan servicer MOHELA with zero-dollar figures in his “payments due” category with the attached caption, “Thank you, Mr. President!” Carter’s post included a quote-tweet of Biden which bragged, “the Supreme Court tried to block me from relieving student debt. But they didn’t stop me. I’ve relieved student debt for over 5 million Americans. I’m going to keep going.”

Strikingly, Carter’s federal student loans were forgiven even in light of his fairly substantial salary. As highlighted by the Pioneer Press, Carter was making $129,000 per year as of 2019, although his current salary may, in fact, be higher, according to the Star Tribune. Nonetheless, Carter’s high salary did not disqualify him from Biden’s attempts at federal student loan forgiveness.

The percentage of those carrying student loans in the United State is relatively small at only 17 percent, but it’s become an obsession with Democrats because young, childless, college-educated voters skew towards pulling the lever for them.

In 2023, the Supreme Court ruled in a 6-3 decision that federal law does not allow Biden’s secretary of education to cancel more than $430 billion in student loan debt because only Congress has the authority to spend taxpayer funds.

Despite the ruling, Biden has spent much of his term trying to work around the ruling, attacking the Court and pretending that student loan relief helps “working people.”

A University of Chicago study revealed that “while the highest-income groups have about twice the student debt as the lowest-income groups, research finds that across-the-board loan forgiveness would disproportionately benefit the rich, saving them well more than twice as much money.”

The study explains how that works: “loan balances are correlated with income. Broadly speaking, before surgeons, lawyers and executives embark on their lucrative careers, they often amass large debts from advanced-degree programs. But just looking at balances understates the degree to which the benefits of student-debt forgiveness would pool at the top of the income distribution, the researchers say. Focusing on the balance of a loan ignores its present value—the total value today of all future payments on the loan, factoring in the rate of return that money would earn on a risk-free investment.”

[Read More: California Crime So Bad That Secret Service Is Now Being Robbed]


  1. Nobody even offered to pay off my student loans back in the dark ages, we were OBLIGATED to pay them off. Granted, I did get a temporary deferment while on my first military tour but by some mystery I managed to pay them off. Oh and never mind that I scraped by on considerably less than $129K.

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