Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers | CNN Politics
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The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.

The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.

Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also launched a new repayment plan that creates a shorter pathway to loan forgiveness for many low-income borrowers – and is at issue in at least two legal challenges from Republican-led states.

In total, the Biden administration has authorized the cancellation of $153 billion in student loan debt for nearly 4.3 million people. That’s more than 9% of all outstanding federal student loan debt.

  • Verdant Banana@lemmy.world
    982·
    7 months ago

    That’s more than 9% of all outstanding federal student loan debt.

    quarter assing it as usual but asking for more fundraising and votes like he did something

    just like with everything else he does

    • HWK_290@lemmy.worldEnglish
      443·
      7 months ago

      Jfc, what do you people want him to do? Intransigent congress and corrupt supreme court basically means any comprehensive forgiveness is DOA. This is going to help people, bottom line.

      Wait, I forgot, yours is a bad faith argument. Das vadanya

    • pimento64@sopuli.xyz
      226·
      7 months ago

      The president isn’t a king dipshit, he straight up doesn’t have the power to do whatever he wants, by design.

      • pop
        535·
        7 months ago

        Removed by mod

        • yesoutwater@lemm.ee
          231·
          7 months ago

          “Learn a bit of your own history” posts links from 3 mo ago

          You got em. The long and storied history of q1, 2024.

        • pimento64@sopuli.xyz
          131·
          7 months ago

          “Seethe mother fucker” coming from a guy who talks at you like an anime villain and accidentally contradicts his own point about the U.S. legislative process. Take a break bro.

    • nxdefiant@startrek.website
      121·
      7 months ago

      I encourage you to run for president on the “I have no idea how any of this works, and that’s why I’m going to solve all your problems” ticket.

      Worked for the last guy! You might even get a shot at embarrassing yourself on an international stage, just like the last guy!