Plan targets borrowers who accrued high level of interest on debt and those who have been in repayment for at least 20 years
Archived version: archive.ph/wuLke
Stop edging me and do it.
Biden announces new plan to cancel student loans for 30m borrowers
Submitted 7 months ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
https://www.theguardian.com/money/2024/apr/08/biden-student-loan-forgiveness
Comments
fsxylo@sh.itjust.works 7 months ago
blackwateropeth@lemmy.world 7 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)
uis@lemm.ee 7 months ago
Good news I guess? I’m not from America, but how about fixing education so students don’t need loans at all?
Zipitydew@sh.itjust.works 7 months ago
Like almost all things broken here, Republicans in our legislature would need to get out of the way for that to happen.
BurningRiver@beehaw.org 7 months ago
Because we have half the country who can’t stand the idea of being educated.
Infamousblt@hexbear.net 7 months ago
Surely this will help his issues with younger voters since literally zero younger voters are helped by this.
Hestia@hexbear.net 7 months ago
football-lucy He’s got my vote
4am@lemm.ee 7 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
Zuberi@lemmy.dbzer0.com 7 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?
Zuberi@lemmy.dbzer0.com 7 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
Fiivemacs@lemmy.ca 7 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.
Zuberi@lemmy.dbzer0.com 7 months ago
Bingo
Fester@lemm.ee 7 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.
NegativeInf@lemmy.world 7 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.
Midnitte@beehaw.org 7 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.
Not sure that’s something that will be made permanent with the way congress works…