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.
…
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.
Next do mortgages
He must go.
Don’t worry, he will right after he beats Trump’s obese ass in the next election and completes a second term <3
All it takes is for Americans to get off their asses and vote.
That’s literally it. If everyone voted, Trump would lose badly.
It doesn’t matter how loud they are, Trump’s supporters are a minority at less than 40% of the population.
Everyone else does not support him or his agenda.
BoTh SiDeS!!1!
As if he’s the president of Israel. Where have you people been while Yemen, Myanmar, Sudan, etc. all experience genocide?
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?
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.
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 man the comment they were replying to was obviously baiting for a fight.
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.
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
A good decision from Biden.
The problem with this debt forgiveness by a thousand cuts is spending hours researching it then finding out you arbitrarily don’t qualify because some highly technical reason.
This technocrated BS isn’t helping any but the lucky few that end up qualifying.
So just stop paying 🤷 I have over 80k and I haven’t paid anything in over a decade. I just don’t care. They can cancel it, or not, makes no difference to me, I’ll never pay anything.
More than that, they’ll garnish your wages eventually. It happened to me once when I was barely getting by. I had to go to court and show my finances on public record and be humiliated to get them to back off.
What social security money? I’ve pretty much never worked in the US, never paid in. I’ve lived outside the US for 16 years now.
Yep, they took mine even when they weren’t supposed to anymore for at least two months after I got them dismissed for TPD. When I tried to get back the overpayment they literally told me they can do anything they want and I would never get my money back. They were right. At least they never got the 27k back that was cancelled. Eat shit Nelnet.
problem is he was blocked from doing broad based so he is squeezing things through as he can.
Do you want debt reform or not?
Congress empowered the president to forgive debt. The courts ignored standing rules to even take that case and SCOTUS has no power to overrule both congress and the president.
President’s have ignored SCOTUS before but Biden doesn’t even have to do that. He can forgive debt like he’s doing now but do it broadly and instantaneously.
If SCOTUS later rules against that broad forgiveness, there’s nothing administratively they can do. No politician D or R would reinstate $.5 trillion in voter debt just to appease the unelected SCOTUS. You can’t put that genie back in the bottle.
you realize what your saying is a longer form of what I was right? because your initial question makes it sound like I was saying he should not be doing what I pointed out rather than me pointing out he is doing what he can.
The problem with this debt forgiveness by a thousand cuts is spending hours researching it then finding out you arbitrarily don’t qualify because some highly technical reason.
Are you saying because this doesn’t help everybody then it shouldn’t be allowed to help anybody?
Are you defending a politician’s fix to a broken system with dozens of highly specific and hard to understand reforms?
If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I’d prefer the broad reform even if I didn’t personally qualify. Democrats are our only hope and if they stop tripping over their own feet it will be better for everyone.
Are you defending a politician’s fix to a broken system with dozens of highly specific and hard to understand reforms?
Are you not informed about the political realities and the limits of power of the Executive branch?
If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I’d prefer the broad reform even if I didn’t personally qualify.
I think we all would, and Biden tried the big broad fix. The Supreme Court shot it down in June of last year:
Supreme Court strikes down Biden student-loan forgiveness program
“By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven.”
So instead of doing nothing, Biden is working within the limits of the power he does have to provide student loan forgiveness. Yes its patchwork, yes we’d like a broader application of student loan forgiveness. He tried. Its not in his power.
This technocrated BS isn’t helping any but the lucky few that end up qualifying. It helped me via the TEPSLF and we got a much more reasonable monthly payment rate for my spouse’s loans. Biden and the members of Congress who moved the TEPSLF program through the legislation is awesome and we should be forgiving these loans en banc so we free up generations of fellow citizens to actually live and grow.
I mean, I truly am happy for you and your spouse…really, I am, as someone coming up on 40 and still with five figures of student debt.
That said, you really only responded to the quoted portion by saying in so many words that you’re “the lucky few that ended up qualifying”.
Which, again, is great!
