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.
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.
https://www.npr.org/2019/08/21/753213306/trump-signs-executive-order-forgiving-all-federal-student-loan-debt-for-disabled
Or this
https://www.forbes.com/sites/zackfriedman/2017/04/26/student-loans-trump/
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.
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?
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.