The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans.
The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.
The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.
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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.
The problem with this debt forgiveness by a thousand cuts is spending hours researching it then finding out you arbitrarily don't qualify because some highly technical reason.
This technocrated BS isn't helping any but the lucky few that end up qualifying.
The problem with this debt forgiveness by a thousand cuts is spending hours researching it then finding out you arbitrarily don’t qualify because some highly technical reason.
Are you saying because this doesn't help everybody then it shouldn't be allowed to help anybody?
Are you defending a politician's fix to a broken system with dozens of highly specific and hard to understand reforms?
If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I'd prefer the broad reform even if I didn't personally qualify. Democrats are our only hope and if they stop tripping over their own feet it will be better for everyone.
Are you defending a politician’s fix to a broken system with dozens of highly specific and hard to understand reforms?
Are you not informed about the political realities and the limits of power of the Executive branch?
If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I’d prefer the broad reform even if I didn’t personally qualify.
I think we all would, and Biden tried the big broad fix. The Supreme Court shot it down in June of last year:
Supreme Court strikes down Biden student-loan forgiveness program
"By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven."
So instead of doing nothing, Biden is working within the limits of the power he does have to provide student loan forgiveness. Yes its patchwork, yes we'd like a broader application of student loan forgiveness. He tried. Its not in his power.
The president is the most powerful person in this country. He is explicitly empowered by Congress to forgive student debt. The only actor here that is limited in power is our SCOTUS who constantly over step their bounds, make up judicial theory out of whole cloth, or ignore their own rules.
How come I never hear the experts say they are limited power in these executive vs judicial debates?
The president is the most powerful person in this country.
The office is, yes. It still doesn't mean he's an all powerful king. We have power divided into 3rds to provide checks and balances. The Executive is only 1/3rd.
He is explicitly empowered by Congress to forgive student debt.
I'd like a citation on that claim.
The only actor here that is limited in power is our SCOTUS who constantly over step their bounds,
Then why are you complaining that Biden isn't doing enough?
Amongst the general powers conferred by Congress to the Secretary in the HEA is the power to
“enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand, however
acquired, including any equity or any right of redemption.” 20 U.S.C. § 1082(a)(6)
Funny you bring up a king. Biden is empowered by congress to forgive debt, people broadly support student debt relief. How is forgiving debt acting like a king in this circumstance?
I think you are confusing the actions of the unelected SCOTUS who routinely takes actions against the will of the people. If Biden wants to stop unilateral actions, he literally needs to fight against this far right SCOTUS.
Why are you arguing about student debt relief if you don't know the law that empowers POTUS? It's cited by Biden himself, but you can google yourself, you might learn something.
I asked for a citation on this. Show me where you're seeing that please.
It’s cited by Biden himself, but you can google yourself, you might learn something.
You make the claim, you've got to back it up.
I think you are confusing the actions of the unelected SCOTUS who routinely takes actions against the will of the people.
I'm not a fan of the current make up of the SCOTUS, but its never been their job to represent the "will of the people". Their job is to interpret laws written by the Legislative Branch and signed into by the Executive.
I don't think you have a good grasp of the basics of our system of government.
If Biden wants to stop unilateral actions, he literally needs to fight against this far right SCOTUS.
If you're looking for insurrectionists, you'll find them on the Conservative side.
When the trifecta of the president, congress, and the voters all disagree with the courts, why can't they act against them? And who exactly can act against SCOTUS?
No liberal or progressive should spend time defending this deeply undemocratic judicial branch.
When the trifecta of the president, congress, and the voters all disagree with the courts, why can’t they act against them? And who exactly can act against SCOTUS?
Congress disagrees, specifically the House of Representatives, and "all the voters" currently disagrees with SCOTUS? Huge citation needed.
No liberal or progressive should spend time defending this deeply undemocratic judicial branch.
"No true Scotsman", eh? I'm pointing out the rules in our Constitution for how our government works.
We have a peaceful transfer of power during administration changes. I don't understand how you are so quick to try and throw that away. Thats what Trump tried to do on Jan 6th. Why are you suggesting following his playbook?
As I said before, congress passed a law that allowed presidents to forgive debt, are you saying congress didn't support that?
Go read Biden's own citations, on where he gets power if you are interested.
Stop ignoring SCOTUS, where did they get their power, it certainly wasn't our constitution. You are out here with a white glove looking for faults in everything but the Roberts court. The most corrupt court we've had in my lifetime.
Congress empowered the president to forgive debt. The courts ignored standing rules to even take that case and SCOTUS has no power to overrule both congress and the president.
President's have ignored SCOTUS before but Biden doesn't even have to do that. He can forgive debt like he's doing now but do it broadly and instantaneously.
If SCOTUS later rules against that broad forgiveness, there's nothing administratively they can do. No politician D or R would reinstate $.5 trillion in voter debt just to appease the unelected SCOTUS. You can't put that genie back in the bottle.
you realize what your saying is a longer form of what I was right? because your initial question makes it sound like I was saying he should not be doing what I pointed out rather than me pointing out he is doing what he can.
If you believe forgiving the debt 100k students here and there is reform, then we are in disagreement.
I think over 100 million student debt holders will need some type of debt forgiveness to actually reform things. That why I push for broad forgiveness.
And yes Biden can! It's his administration and admins forgive debt all the time. We are so many liberals in this thread defending SCOTUS?
he can't because he tried and got it blocked so he is working at it as he can based on the ruling. When a ruling like this is made you have to dissect it and see what you can work around that is specified in the ruling. that is what he is doing.
What are you saying? Biden himself says the ruling is wrong and will do any means possible to forgive student debt. He's doing that on a minor scale, he can by his own account, do it at a larger scale.
you make no sense. just because he thinks a ruling is wrong does not mean he does not need to abide by it and he is using any means possible within the law and certainly he meant legally. We know the man that well enough.
yes but it did ban blanket. which is why he is carving out sections as he does now. I don't get you. They stopped him from doing blanket and now he is doing piecemeal as he can. He is doing exactly what you are asking him to do but it sounds like its not fast enough for you. You realize drafting and getting this stuff done is not easy. its not just a declaration like michael scott thought bankruptcy is. This is actually why trump is so bad. He has no concept of the work that is involved for things to happen. Its part of why he so easily did not pay his workers as he just has no concept of what actual work is like and that the majority of things are not done just by making the decision.
This technocrated BS isn’t helping any but the lucky few that end up qualifying.
It helped me via the TEPSLF and we got a much more reasonable monthly payment rate for my spouse's loans. Biden and the members of Congress who moved the TEPSLF program through the legislation is awesome and we should be forgiving these loans en banc so we free up generations of fellow citizens to actually live and grow.
So just stop paying 🤷 I have over 80k and I haven't paid anything in over a decade. I just don't care. They can cancel it, or not, makes no difference to me, I'll never pay anything.
More than that, they'll garnish your wages eventually. It happened to me once when I was barely getting by. I had to go to court and show my finances on public record and be humiliated to get them to back off.
No, I'm not giving advice to do anything. The op was frustrated they would not get their loans forgiven, so suggested the possibility of not paying. It's an option. No payment as a form of protest. And I definitely did not tell anyone to live in a different country... Learn how to read
Yep, they took mine even when they weren't supposed to anymore for at least two months after I got them dismissed for TPD. When I tried to get back the overpayment they literally told me they can do anything they want and I would never get my money back. They were right. At least they never got the 27k back that was cancelled. Eat shit Nelnet.