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This is illegal. The president doesn't have the authority to do this. He's not an emperor. He can't just with the stroke of a pen cancel $300-$400 billion worth of student loans, it's unfair. Eighty-five percent of the people in this country do not have a student loan. They either had one and paid it or they don't have one, and that 85% is gonna pay for the 15% who got a tangible benefit.