Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers | CNN Politics
www.cnn.com
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.

  • givesomefucks@lemmy.worldEnglish
    1049·
    9 months ago

    The same people who say Biden can’t do this because it won’t work are now going to demand we give credit for Biden doing this…

    Unfortunately most voters are smart enough to see Biden only starts trying to do stuff right before elections, and once the election is over him and the other moderates go back to ignoring it.

    Like, sometimes I feel like Biden supporters are just privileged suburbanites who never had to deal with a drug addict before.

    You can’t give them credit for what they say they’re gonna do, you wait till they do it then give them credit.

    • thesystemisdown@lemmy.worldEnglish
      142·
      9 months ago

      Among a long list of other things, he took action on day one of his presidency to pause student loan payments. There’s of course reason to be critical of him or any other president, but this isn’t it.

      https://www.whitehouse.gov/briefing-room/statements-releases/2021/01/20/fact-sheet-president-elect-bidens-day-one-executive-actions-deliver-relief-for-families-across-america-amid-converging-crises/

      • givesomefucks@lemmy.worldEnglish
        515·
        9 months ago

        Among a long list of other things, he took action on day one of his presidency to pause student loan payments.

        I mean, being more conservative than trump on day 1 would have been a pretty dumb move…

        He did continue Trump’s pause, so there is that

        Some people just have higher standards than that tho…

        And you phrased that poorly, it sounds like you think Biden started it rather than not ending it.

        • thesystemisdown@lemmy.worldEnglish
          121·
          9 months ago

          Fair enough on the poorly phrased part, but Biden followed up with a $400 billion debt relief program in 2022. The Trump appointed Supreme Court blocked it. 2022 was not a presidential election year.

          • givesomefucks@lemmy.worldEnglish
            212·
            9 months ago

            Yes…

            He waited till right before midterms, said he would accomplish something, but didn’t.

            Now it’s two years later, right before an election, and Biden is saying hell accomplish something again…

            He waited till it was close to an election again, and the SC is the same.

            So why are we giving him credit already for something unlikely to actually happen? And why did he wait till right before an election to try anything else?

            This is my whole point…

            • thesystemisdown@lemmy.worldEnglish
              111·
              9 months ago

              By that logic, initiatives are always affected by an election year. An election of some variety is always around the corner.

              The SCOTUS ruling didn’t happen until June, 2023. The president does not set the Supreme Court’s agenda.

              • TexasDrunk@lemmy.world
                6·
                9 months ago

                He did things in the same year that my cheese club held elections for a new president. It’s all political!

              • givesomefucks@lemmy.worldEnglish
                26·
                9 months ago

                By that logic, initiatives are always affected by an election year.

                What? Just because Biden waits for an election doesn’t mean he has to…

                That’s my point he shouldn’t be waiting.

                The SCOTUS ruling didn’t happen until June, 2023.

                And Biden waited for the decision before ever thinking about this again, so when it was struck down he didn’t have anything on deck. Or more likely he had this and was just waiting till right before an election so he could get credit for something that wasn’t going to do anything.

                He didn’t even have a plan when he was elected, his first day in office he started talking about “looking into” if he should try and fufil campaign promises.

                He’s not proactive, he’s reactive. And that’s not enough to repair the damage republicans cause, let alone actually improve shit.

    • Brokkr@lemmy.world
      31·
      9 months ago

      It is OK for politicians to do things that help the general population. If that makes them favorable in the election and people vote for the politician, that’s OK too. That’s a democracy. Politicians are supposed to make and use the government to help people.

      • givesomefucks@lemmy.worldEnglish
        15·
        9 months ago

        How could you read this thread and think my problem was politicians helping people?

        When I’ve been complaining about them not helping people and only doing token actions if an election is imminent?