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

  • Wrench@lemmy.world
    4·
    9 months ago

    That’s a gross misrepresentation.

    My wife’s 6 figure loan was forgiven because she had been paying over 20 years, but had fell victim to those predatory student loan refinancing companies that claimed to have put her into the correct program for 20 year forgiveness, but hadn’t. She only found out a few years ago, and the 20 year countdown started then, after 15+ years of payment.

    John Oliver did a great episode on it. Worth a look.

    The Biden administration honored the spirit of the deal, and forgave her loan in January. If it weren’t for that, she’d have another ~15 years of payments.