President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
Let’s do all of it, and put in place a solution for all future student loans. They are robbing us blind right now, and costing future generations a chance at a debt free life.
Yeah, but that’s progressive…
We keep electing democrats that think fixing something at once would be too disruptive.
So they stretch the smallest amount of progress as long as they can, even if that doesn’t make up for damage Republicans do.
Its been like 80 years since moderate Dems told FDR that it was too soon for universal healthcare and Americans had to wait a few more years to make sure it’s a good idea.
And they’re still fucking saying they need to look into it more. It’ll never be time. Student Debt relief shows every indication that it’s going to be the same thing.
I’m not sure why this comment is so controversial. It’s exactly what’s happening. We’ve been talking about this now for forever and almost nothing is happening. It’s wonderful that 74,000 people get some relief but that’s a drop in the ocean. I want it badly but I’ve almost accepted the fact that it’s probably not going to happen.
Lots of moderates want to keep copying the Republican party, even the part where no one is allowed to question any politician who has the right letter next to their name.
They think it’s better to live with the problems and not talk about them let alone solve them.
Which is pretty much the whole problem.
You’re allowed to ask questions. You just don’t like the answers.
In this case, the answer is that debt forgiveness is happening, but you weren’t paying attention.
There’s 1.77 trillion in student loan debt…
https://www.usatoday.com/money/blueprint/student-loans/average-student-loan-debt-statistics/
Do you think enough is being done?
Especially when every year a shit ton of students enter college into the same shit show?
I couldn’t find a source for how much total Biden has forgiven, but I’d be shocked if the percentage doesn’t start with a decimal point.
Before you can forgive $1.77 trillion, you need to forgive $136 billion.
80 years ago moderates said before we could all have universal healthcare, we should settle for orphans, widows, and those with disabilities.
And that in a few years we might get it for everyone else after they looked into it.
Couple generations later and moderates are still saying they’re looking into it…
Why do you think Student Loan debt will be different?
74,000 in addition to the 3.4 million people who already had student loans forgiven. That’s not nothing.
This may be a shock to you, but there are other branches of government in the US. One of which is not elected and that’s the one that recently struck down Biden’s HEROS plan that would have eliminated $460B in student loan debt.
Good thing we elected a career politician who said his decades of Senate experience meant he could get Republicans in the Senate and house to vote for progressive legislation…
Oh, that’s right…
I forgot Dems had the Senate, House, and presidency for 2 years…
But that highly experienced career politician told us trying to change even a single politicians mind (even if they were in his own party) was an impossible task so he wouldn’t even try.
Welp, at least we’re not running him again since the whole reason he said he was the man for the job turned out to be something he was lying about…
That would seem like a terrible plan
he could get Republicans in the Senate and house to vote for progressive legislation
He said he could work with Republicans to get bipartisan legislation passed. And he has, including the Electoral Count Reform Act.
In addition to bipartisan legislation he has also passed progressive legislation, but as everyone expected that was along party lines.
Let’s see if the US public can be bought off to overlook genocide that cheaply.
Only 1% of voters think Gaza is the most important issue in this election.
Even if more did, would it change anything? Most politicians seem to have the same shitty stance. At least most politicians that the average American will vote for. Biden stance sucks but its not something that differentiates him from most other politicians. I wouldn’t expect it to play out much differently with someone else.
All this may be true, but it reflects the American public’s ambivalence on Gaza. Roughly half the country supports Israel right now. That would have to plummet for the US to turn away from them, especially since it would make other allies question US commitment to them.
Compare Palestinians to Ukrainians. The latter enjoy overwhelming support from Americans. They are not fighting an ally, in fact the opposite. So politicians in both parties tend to support Ukraine, with the exception of the usual GOP loudmouths in the House.
fuck you biden for again putting a stipulation on your promises and only helping a select few
either forgive it all or just forget about it tired of my hopes going up every time a biden is living up to his campaign promises article comes
silent joe waited until election year to have anything to say
justice delayed is justice denied
