The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.
The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.
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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.
Education should be free. This is at least a better situation.
Without some sort of long term strategy, it may not be.
I’ve always said this would be good if also paired with some moves to improve things longer term, because random infusions of lots of free money without any checks on the university side has already worked to make the education more outrageously expensive. Continuing the strategy without any sort of price management will make things work.
Same could be said of healthcare, if as much money as they ask for is provided to the pharmas and hospitals, they will ask for more and more. Relief must be paired with some sort of plan to mitigate that.
You can treat symptoms and then address longer term problems when able. It’s not like it would be better for these people just to keep paying because the current divided Congress won’t address the core problem.
As long as you address the root problem in the window of time before things get worse from this cash infusion. And to be honest, I don’t have much confidence in that happening.
But it is paired with other measures? The original full package would not charge interest for anyone making payments, for example.
A few Australian universities attend college fairs in the USA, because even after you include the price of the flights, accommodation, and the uni itself, studying in Australia can still end up cheaper than the USA. Americans seem to love the idea of going to Australia, too.
State schools, community college. You bet. Although I’d like to see some amount of public service required during/after.
You wanna go to Harvard. Pay your way.
I think community service in lieu of debt payment is a phenomenal idea as long as its fairly generous in waiving debt such that part time community service should be able to waive medical school debt.
BoTh SiDeS!!1!
One small good deed doesn’t not redeem that little fucker from genocide support.
Which democrat or republican with significant support from the political parties would you recommend as a replacement?
As if Trump didn’t support genocide. Netanyahu and Trump are both fascists.
https://www.nbcnews.com/politics/donald-trump/trump-israel-gaza-finish-problem-rcna141905
https://www.vox.com/policy/24072983/biden-trump-palestinians-israel-gaza-policy-different
As if he’s the president of Israel. Where have you people been while Yemen, Myanmar, Sudan, etc. all experience genocide?
Did we supply those countries with weapons to commit genocide?
I personally think it’s stupid to not vote for Biden but your argument doesn’t really make sense.
He’s president of US and has circumvented Congress over 100 times to send 10s of billions worth of bombs to be dropped on Palestinian children’s heads.
We’re not asking that Biden rule over Israel, simply that he acknowledge the genocide and stop spending our taxpayer dollars to fund it. Why is this considered unreasonable?
You’re right. That’s another reason not to support Butcher Biden:
In response to the recent escalation, the Biden administration apparently has doubled down on support to the coalition, announcing the sale of additional fighter aircraft to the UAE. Biden said the administration is considering redesignating the Houthis a “Foreign Terrorist Organization.” Biden had reversed this designation, imposed in the waning days of the Trump administration and opposed by humanitarian and human rights groups on the grounds that it threatens humanitarian aid on which millions of Yemenis rely to survive.
In addition to potentially violating U.S. law, continuing arms sales to the coalition puts the U.S. at risk of complicity in possible war crimes. The sales also fly in the face of justice and accountability for previous violations given the coalition’s dreadfully flawed investigations of its own strikes.
I honestly care about high income inequality and campaign finance reform. Can we talk about those instead of what you care about?
No, this is actually a really effective way of communicating with other people and convincing them what I have to say is worth listening to. This absolutely does not alienate people or make me come off as an insensitive bot that doesn’t know hot treat people like humans before I unload my personal interests on them
Free Palestine, btw! 🍉
⚠️ Warning Comment May Contain Satire ⚠️
Satire
How can you support Palestine while at the same time not making it your sole priority by doing nothing but being shitty online!?!
I think we could benefit from some off-topic comment enforcement by the mods. Or just downvoting and not rising to the bait, but we all know that’s not going to happen. The Palestine conversation is completely unrelated to debt cancellation. The “both sides” is itself also just trolling for an off-topic fight.
I man the comment they were replying to was obviously baiting for a fight.
A good decision from Biden.
This will no doubt be devastating news to the comments section on trucker Instagram
It seems like government investment in education is one of the best possible ways to allocate funds, even if not every person is directly impacted by being offered more schooing or degrees.
Think about it. More educated people around you is always better than fewer educated people.
