Biden to cancel additional US$7.7B in student debt

[Sir Mohamed]

Based.

https://twitter.com/axios/status/1793269876791869502

[GAinDC]

The hits just keep coming!

[This user has not been convicted of 34 felonies]

"Biden isn't that much better than Trump"

[Green Line]

Biggest criminal to ever hold office.

[MasterJedi]

Biggest criminal to ever hold office.

Cope and seethe

[emailking]

Wow what a great decision by President Biden! He hasn't misstepped yet on this issue!

[certified hummus supporter 🇵🇸🤝🇺🇸🤝🇺🇦]

Biggest criminal to ever hold office.

That's a funny way of saying "Donald Trump," but you do you IG

[heatcharger]

See you in court!

[Lief 🗽]

Good but recipients should have to sign and notarize a statement denouncing Hamas first.

[Rubensim]

And a lot of these students will still hate him due to biden supporting a so-called ""genocide"" happening a thousand miles away from them
And this will be on the news for what a hour? before it swept away by Joe doing a joe moment and these students will act like he did nothing for them
It funny but pretty sad actually pretty sad.

[ηєω ƒяσηтιєя]

See you in court!

You're going on trial? I wouldn't say that I'm surprised.

[certified hummus supporter 🇵🇸🤝🇺🇸🤝🇺🇦]

Good but recipients should have to sign and notarize a statement denouncing Hamas first.

Might as well have them give a public speech denouncing the Grand Mufti while we're at it 🙄

And a lot of these students will still hate him due to biden supporting a so-called ""genocide"" happening a thousand miles away from them
And this will be on the news for what a hour? before it swept away by Joe doing a joe moment and these students will act like he did nothing for them
It funny but pretty sad actually pretty sad.

Maybe it's hard for certain people to understand, but some of us actually care about things greater than whatever helps out our individual pocketbooks.

[I spent the winter writing songs about getting better]

It seems that no one in this thread aside from probably the OP has read the article. This isn't any new forgiveness, it's just continued forgiveness under existing programs including ones like PSLF that pre-dated the Biden Administration.

See you in court!

Please clarify what legal argument would be used to challenge the Public Service Loan Forgiveness program which was passed in 2007 by Congress and has been established as such a program for all time since.

[BlueSwan]

I don't care what anybody says. Cancelling student debt is a losing issue.

[I spent the winter writing songs about getting better]

I don't care what anybody says. Cancelling student debt is a losing issue.

Would it be a winning issue for Biden to refuse to cancel debt for public service workers who took those jobs with the understanding this is a perk of it and under a program that has existed since 2007?

[President Johnson]

This administration is such a failure. Young people now need to vote for Trump now. He will also protect Palestine.

[dead0man]

people that celebrate this blame inflation on greed (instead of actual things that affect inflation, like handing out free money).  These are dumb people.  What are the details of this handout?  Is it going to college grads making $125k/year? regular people love to hear that!

[I spent the winter writing songs about getting better]

people that celebrate this blame inflation on greed (instead of actual things that affect inflation, like handing out free money).  These are dumb people.  What are the details of this handout?  Is it going to college grads making $125k/year? regular people love to hear that!

It's specifically in the article you know.

Wednesday's debt relief came via three existing programs: Saving on a Valuable Education (SAVE) plan, Public Service Loan Forgiveness and income-driven repayment plans.

Anything under SAVE would require a loan that's at least 20 years old, in practice closer to 25, so anyone at $125k/year would likely have it paid off prior to then, and anyone who makes $125k/year and qualifies for PSLF would have to have some MASSIVE loans, think doctors at public hospitals. Incidentally said doctors can make more in private practice, so PSLF is exactly an incentive created for that reason to work at such places. Calling it a handout is laughable, no handout requires that you work at least 10 years at a likely lower paying job.