The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration.

The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration.

President Joe Biden announced Thursday that the White Househas approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers.

The 78,000 eligible public service workers include teachers, nurses and firefighters, according to the White House.

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It’s the latest student debt cancellation move through Public Service Loan Forgiveness programs, which allow eligible borrowers to have their remaining debt forgiven if they have made a certain number of payments and are working for approved employers.

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Last year, the Supreme Court invalidated Biden’s more far-reaching student loan debt relief plan, arguing that it was unlawful because Congress did not explicitly approve the move.

  • givesomefucks@lemmy.worldEnglish
    1113·
    8 months ago

    Yeah, everything I’m seeing is we’re catching up to where we should have been years ago.

    Which is better than ignoring it for another decade.

    But it’s like being grateful some guy stopped kicking you in the nuts every five minutes and is only kicking the other 9 people in the nuts now.

    Like, sure, I’d be happy it stopped. But still pissed it was happening to me and still happening to other people.

    Plus it just feels like Biden is intentionally misrepresenting what is happening so he gets the best optics going into an election. He’s doing pretty much the bare minimum of the right thing for the wrong reasons.

    Which again, is better than nothing.

    But it’s not enough for him to be doing victory laps and calling himself the most progressive president ever.

    All he did was stop kicking a few of us in the nuts every five minutes.