The Biden administration is canceling student loan debt for 804,000 borrowers who qualify under income-driven repayment plans but haven’t received it because of errors

  • @flossdaily
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    161 year ago

    I think it’s great that Biden is doing this.

    It’s really sad that his relief only extends to undergrad. This is, after all, INCOME-BASED help. If people with graduate degrees are struggling with low income they are, by definition, in just as much trouble. Probably more trouble since their loans were more expensive.

    While Biden isn’t going far enough, at least he’s doing something.

    Contrast that to Republicans, who, out of pure cruelty, tried to add RETROACTIVE interest to student borrowers.

    • aeternum
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      fedilink
      131 year ago

      tried to add RETROACTIVE interest to student borrowers.

      wow is all i can say. WTF

    • LemmyLefty
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      41 year ago

      Yeah, though I’d imagine that it’s an easier sell for undergrad debt forgiveness; I don’t think too many people realize that having an advanced degree doesn’t always bring in more cash. Ask me how I know that…

      Also sidenote: you got me to begrudgingly floss, so thanks.