The latest tranche of debt forgiveness brings the total number of people benefiting from student loan cancelations to more than 5 million, the president said.

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.

    • @givesomefucksEnglish
      -11•2 days ago

      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.

      • @grueEnglish
        1•2 days ago

        Unless these programs that existed before trump are suddenly stopped when he didmt stop them last time

        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.