President Joe Biden’s plans to deliver widespread student debt relief were dealt a serious blow last year when the Supreme Court struck down his one-time student loan forgiveness program. But he has still managed to cancel more federal student loan debt than any other president.

TLDR: Totalling roughly $144 billion for about 4 million borrows.

Article is from March 29th, 2024

  • qwertyqwertyqwerty@lemmy.one
    393·
    10 months ago

    If he was able to get the original loan forgiveness he wanted, my wife and I would have replaced a car with a newer one, or maybe bought a second car. As it stands now, I guess we will be driving ours for a while. I guess the student loan providers wanted our money more than the stock market.

    • Sanctus@lemmy.worldEnglish
      17·
      10 months ago

      It’s never about making it better. It’s always about shoving as much money in their pockets as possible.

    • lennybird@lemmy.worldEnglish
      184·
      10 months ago

      We were in a similar position, intending to reinvest in our home, get a utility trailer, while saving up more for land one day.

      Conservatives fucked that up. But I appreciate Biden for trying.