The announcement is the latest in a series of loan forgiveness actions by the administration after the Supreme Court last year struck down Biden's much broader plan.

The announcement is the latest in a series of loan forgiveness actions by the administration after the Supreme Court last year struck down Biden’s much broader plan.

In a new wave of student loan forgiveness, the Biden administration is canceling $5 billion in debt for 74,000 borrowers, many of whom worked in public sector jobs for more than a decade.

President Joe Biden said that 44,000 of Friday’s approved borrowers were having their education debt wiped clean after 10 years of public service, and that those borrowers included teachers, nurses and firefighters. Nearly 30,000 borrowers have worked toward repayment for at least 20 years but “never got the relief they earned through income-driven repayment plans,” Biden said in a statement.

It’s the latest round of loan forgiveness efforts after the Supreme Court struck down the White House’s student loan debt relief plan last year. Since the ruling, the White House has launched a series of smaller relief programs.

    • ZombieTheZombieCat@lemmy.world
      251·
      10 months ago

      Pretty sure he was about to do that, only to have republicans take it to the supreme court where it was struck down. I don’t get why there’s still this narrative of Biden being the bad guy because he can’t just wipe out all student debt, and why some people keep framing that as his choice. I thought we all watched that SCOTUS case play out in real time.

      • dylanmorgan@slrpnk.net
        414·
        10 months ago

        There was never an attempt to cancel all the student debt. If he had done that from the jump, the court case would have been a lot weaker.

      • dylanmorgan@slrpnk.net
        12·
        10 months ago

        The case before the Supreme Court was based on the exclusion of some borrowers. The first action was to forgive $5-10k for low- and middle-income borrowers. The people who sued were well-off enough that they weren’t included. If his first move had been to cancel all student debt guaranteed by the federal government, the plaintiffs would have lacked standing to sue and the case would likely not have gone to the Supreme Court. If it had it would have been a much weaker case because there would be no group of borrowers who were excluded.