Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt

he already did that. you see when the court says no it does not happen. repeating it won't make it happen any more.

He can forgive federal loans of people with government jobs easier. To do it for people that don't have public sector jobs he needs congressional approval, and they fought back hard on that when he tried it. I don't believe they'd be able to unforgive the debts, but IANAL.

He announced a broad cancellation that was going to happen months in the future, and the courts paused and then later said it wasn't allowed. If it had progressed very quickly it would have been harder to block. One could argue it was intended to give the court a chance to block it.

This current forgiveness is an executive order, so if it's not completed by the time Trump is the executive he can stop it easily.

I can only speak from across the pond, but that's likely the strategy. It has no downsides for the current administration - but the incoming administration either has to cancel it and look like the shitheads (not that they seem to care about that), or run with it to save face, and try and find the budget for it.

Means testing has been a thorn in the side of american social safety nets for a long time. It creates a very easy way to lower benefits (the means line) and tends to result in reducing effectiveness as folks who could use a bit of help and then could move to the positive colomn tend not to recieve it but others who technically should not can by being immoral and paperwork savy. It also creates a larger beuracracy of those who have to evaluate the means criteria. just no please.

No... And this has nothing to do with Biden either beyond him allowing doe do its job as required by law.

Anyone who works at a qualified public interest job is a eligible for forgiveness after 120 payments.

There are a lot of lawyers with massive student loans who work for fed gov making over 100k who benefit from this. 10 years wipe loans clean them go into private to make the real money.

We are literally funding training of the owner class' foot soldiers

But right brain rot is hurt becuase nurses or social workers get the benefit. Tells you what you need to know where they got their info from.

So because a couple of rich kids get free school, literally thousands of others can go get fucked. Thank God we stopped those 3 rich kids from getting free education.

That'll show those rich assholes who's boss.

Who cares about all the collateral damage when you can stick it to some rich kid who... Checks notes... Can just pay for it anyway like it never mattered in the first place. Meanwhile, poor people have to end up with 3 jobs just to make the interest payment.

You're a clown and a fool.

Rich kids don't have student loans

Those with rich backgrounds do not tend to work for uncle Sam and have student debt.

Because 1. Those well off don't tend to have student debt to begin with, and 2. Government jobs typically pay orders of magnitude less than the private sector.