Biden announces new plan to cancel student loans for 30m borrowers

Comments

• Fester@lemm.ee ⁨6⁩ ⁨months⁩ ago

  So, does the interest just start accruing again after it’s cancelled? Until a future president decides to throw another bone?

  And I don’t really like that the long-promised 20-year forgiveness plans are being portrayed as dependent on the whims of a benevolent president. That shit needs to be locked in as the permanent bare minimum light at the end of the tunnel for borrowers who signed up for it in the first place, whether it’s today or 20+ years ago.

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  • NegativeInf@lemmy.world ⁨6⁩ ⁨months⁩ ago

    It is. Just Devos et al just kept rejecting all applications, denying all forgiveness, even to those that already qualified under the law. While this is not the blanket forgiveness promised, they tried that and the radical courts said no. So they have to work with what they have until a new (functional) Congress is voted in or someone blows up the supreme Court. What it really shows is that every official appointment matters.

    And don’t forget all this student debt is Reagan’s fault. Picked a fight with Berkeley, called em commies, reduced public funding for colleges and then made the people of California pay tuition for the first time. All just to keep “the wrong kind of people” out of college.

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  • Midnitte@beehaw.org ⁨6⁩ ⁨months⁩ ago

    Not sure discharged loans work that way, but Biden’s SAVE plans already eliminated interest for the most vulnerable, and already promised erasure after 20 years.

    And after 20 or 25 years, any remaining debt gets erased.

    Not sure that’s something that will be made permanent with the way congress works…

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• fsxylo@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

  Stop edging me and do it.

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  • blackwateropeth@lemmy.world ⁨6⁩ ⁨months⁩ ago

    Dude I’m in the same boat, I’m not poor, I’m not a long term lender, I’m not a public worker, I just have a lot of school debt. I’m wondering if I should try to pay it off or just let minimum payments roll on in hopes that the govt gets to me lol. Every time I read on of these stories it gives me blue balls lol.

    ….Or maybe Trump becomes president and we all lose 8)

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• uis@lemm.ee ⁨6⁩ ⁨months⁩ ago

  Good news I guess? I’m not from America, but how about fixing education so students don’t need loans at all?

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  • Zipitydew@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

    Like almost all things broken here, Republicans in our legislature would need to get out of the way for that to happen.

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  • BurningRiver@beehaw.org ⁨6⁩ ⁨months⁩ ago

    Because we have half the country who can’t stand the idea of being educated.

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• Infamousblt@hexbear.net ⁨6⁩ ⁨months⁩ ago

  Surely this will help his issues with younger voters since literally zero younger voters are helped by this.

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• Hestia@hexbear.net ⁨6⁩ ⁨months⁩ ago

  football-lucy He’s got my vote

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  • 4am@lemm.ee ⁨6⁩ ⁨months⁩ ago

    Nope, I’m voting for Trump instead, because Dark Brandon didn’t melt Palestinians fast enough.

    wElL iF eNoUgH oF uS vOtE 3rD pArTy

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    • Zuberi@lemmy.dbzer0.com ⁨6⁩ ⁨months⁩ ago

      So you’re openly admitting that the libs are the problem and that if we all went 3rd party we wouldn’t get an old ass racist man?

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• Zuberi@lemmy.dbzer0.com ⁨6⁩ ⁨months⁩ ago

  0 chance this happens, and 0 chance it helps even if they actually passed it

  Just executive order that shit away or stop “suggesting” things lol

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  • Fiivemacs@lemmy.ca ⁨6⁩ ⁨months⁩ ago

    Or, 100% chance this happens to only the rich ones who went to super ‘prestigious’ schools and will only cover like 30 people.

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    • Zuberi@lemmy.dbzer0.com ⁨6⁩ ⁨months⁩ ago

      Bingo

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