Biden administration announces $39 billion in student debt relief following administrative fixes
Biden administration announces $39 billion in student debt relief following administrative fixes
The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
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he could just wipe it out, but yaknow, he’d rather do what his big donors want. instead he throws a bone just to try to win votes.
The supreme court blocked Biden's attempt at loan forgiveness two weeks ago
Well, they blocked his weak sauce attempt to forgive some of the debt, with a heavy dose of means testing to not forgive too much.
Biden has full authority through the 1965 Higher Education Act to wipe out all the student loan debt entirely. He could do that today. Of course he chooses not to / pretends he isn’t aware of this. What do you expect from Biden, who single-handedly brokered the deal in the 90s to make it impossible to declare bankruptcy due to student loan debt?
Correct. Republicans just do whatever the fuck they want, law be damned.
The democrats always pussy-foot and are like “we tried the bare minimum and it didn’t work, sorry! 🏳️🌈”
I want just one democrat who tries some of the fuckshit that republicans do all the time.
I assume you've been living under a rock?... Biden tried to unilaterally wipe out a ton of student loans and it was blocked by a court ruling.
Dude these kinds of people will never be satisfied by literally anything short of Biden personally appointing himself king and doing their personal bidding.
He really could. Move all funding for record up keep to other departments. After a period of time the data would be so broken that lawyers could make the argument that the debt can no longer be serviced since no one knows what is owned.
Biden is definitely an institutionalist so he would never go about it that way.