Biden cancels student loans for another 150,000 borrowers
Biden cancels student loans for another 150,000 borrowers
The latest tranche of debt forgiveness brings the number of people benefiting from student loan cancellations to more than 5 million, the president said.
Summary
President Biden announced student loan forgiveness for 150,000 additional borrowers, raising the total to over 5 million under his administration.
The latest beneficiaries include borrowers defrauded by schools, individuals with disabilities, and public service workers.
Biden emphasized his focus on expanding pre-existing forgiveness programs after his broad plan was struck down by the Supreme Court in 2023.
Conservatives and Trump argue the efforts overstep executive authority and unfairly shift costs.
Biden called the initiative a fulfillment of his promise to reduce financial barriers to education.
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The 150,000 new beneficiaries announced Monday include more than 80,000 borrowers who were cheated or defrauded by their schools, over 60,000 borrowers with total and permanent disabilities, and more than 6,000 public service workers, Biden said in the release.
So it was all thru existing programs and Biden did nothing to make it happen?
Well, when he actually tried the courts struck it down :/
A half hearted effort doesn't mean we should applaud him for things that would have happened regardless of who is President.
When these numbers keep going, are you going to talk about how great trump is? Or will you magically agree with me because the president changed?
Cuz buddy, it won't take long until these exact numbers continue under trump.
I dunno, if Trump 2 treats student loans, and especially the Borrower Defense Loan Discharge program the way the Trump 1 administration did - blocking various 'streamlining' procedures, imposing a statute of limitations, and using the Secretary of Education's discretionary powers to block, delay, and minimize repayments, then it will be a long time before they rack up Biden numbers.
To be clear, my point is due to the huge amount of student loan debt, neither Biden or trump did enough, and neither would do more in the next four years regardless of if Biden had run and won like he thinks he would have.
These are performative gestures that don't really accomplish anything.
Clapping when your team does it actively hurts everyone because then they stop, they got what they wanted, the PR boost.
So while Biden did performative meaningless shit, so did trump.
Don't clap for stuff like this either.
Some welcome news today for disabled veterans with student loan debt - President Trump announced an executive order forgiving all federal student loan debt for vets who are permanently and totally disabled.
Or this
Under Trump’s proposed plan, if you are a student loan borrower, your monthly student loan payments would be capped at 12.5% of your income. After 15 years of monthly payments, your remaining student loan debt would be forgiven.
https://www.forbes.com/sites/zackfriedman/2017/04/26/student-loans-trump/
What numbers?
These numbers are normal and happening naturally...
Unless these programs that existed before trump are suddenly stopped when he didmt stop them last time, they will continue to happen.
If this sounds like a lot of people, you're missing the scope of how many people have student loans in America, or that the number continues to increase.
More people with loans means more forgiveness. It's like caring about popular vote totals from prior elections compared to a current one, population keeps going up so every other number does too.
Why?
Unless these programs that existed before trump are suddenly stopped when he didmt stop them last time
He did stop them last time, though. Or rather, Secretary of Education Betsy DeVos did. I mean, obviously they didn't officially cancel the program/change the policy, but they definitely did do everything they could to illegally obstruct the process.
That still doesn't mean Biden deserves to be fellated for (checks notes) merely ceasing to obstruct, though.
So. What you're saying is: you have 100% of all the information Biden has, and based on his actions, you conclude that he's not doing enough with all that information you both have.
Okay, release that information. Show your work.
It sure is convenient how everything that doesn't make Biden look like a deliberately ineffective president who only cares about Netanyahu happens in documents no one is permitted to see and behind closed doors.
I'm getting really tired of neoliberals cheering for basic mediocrity and acting like it's murder to criticize Biden. They're just an extension of the Democratic Party that is entirely unwilling to address the fact that simply not doing bad things doesn't make you good.
These are not accomplishments. This is not the promise that got me to vote for Biden despite not believing he would be a good president, nor that his primary run was above board. I want a president that actually works to better the lives of the people.
And while we're at it, I'd like a fair primary without DNC bullshit.
I’m getting really tired of neoliberals cheering for basic mediocrity and acting like it’s murder to criticize Biden
You remember a couple years ago when a WB board member said the reason they bought CNN was to make it more like Faux News to change people's minds?
These are those people that kept watching CNN and that is why they're acting like trump supporters.
The wealthy want voters with zero standards except the left by a name. And they've bought almost every media outlet to get those types of voters in both parties.
It's exhausting for sure. And this thread has all their usual rhetoric, complete with confident assumptions that anyone criticizing their king must be a "MAGAt." It's just so utterly incomprehensible to them that anyone can exist to their left, even though the US has no left wing parties.
I've blocked a lot of them apparently.
It says 30 comments I see maybe 10.
There's not many, they just love to pile on.