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.
From the article:
These are all loans that were ALWAYS SUPPOSED TO HAVE BEEN FORGIVEN under existing law.
So hilarious that people are just down voting you without providing any evidence of new student loan action on Biden’s part. Libs will do anything to justify the status quo.
“Look we did what we’re meant to do decades ago, isn’t that good enough? We earned your vote!”