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.
problem is he was blocked from doing broad based so he is squeezing things through as he can.
Do you want debt reform or not?
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.