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.
You must log in or register to comment.
You’re telling me that before this, borrowers defrauded by schools were just told “lol, sucks to suck?”
Out of 43 million. Drop in the bucket.
Hope the people who get it treasure it.
I wonder when we’ll get a president who campaigns on doubling everyone’s lottery odds?
I can’t wait for Trump to get in and really make America better again!
Most likely donvict will make Elon a trillionaire and the dipshits are here for it. Oh and make a few other broligarchs that are already billionaires (which should not even be a thing in this country) even more billions.
What we should really do is make America great again like the 1950s - very narrowly. Meaning, the top tax rate is 92% for the likes of donvict and his billionaire boyfriends.
“Trump uses resources for reuniting immigrant children with their parents to instead reunite students with their debts.”
Takes out loans in everyones name, even if they never went to college.
That’s what they do every time they cut taxes for the wealthiest.
“But but but, Biden’s not doing anything!”
He’s leveled up. Now he’s doing to little to late! Good job Grampa, hope you remember us as we all get to enjoy Trump.
Boy the haters coming out late. Pulling out the good old “not enough!” card. Well congrats now it’ll be nothing at all. Yup.
Worse than nothing going forward.
Talking about pulling cards after parroting the “Biden didn’t do anything” line for the hundred time rings a tad hollow.
When in quotations and starts with three (3) "but"s, it’s sarcasm.
Nobody missed that.
Then your response makes no sense, any way you read it. I have no interest in this “conversation” any more. Ciao.
You think what you said isn’t said every time Biden have done anything since the election started? So much for self awareness. Good bye i guess.
He should force price ceiling. Otherwise tiss a useless charity
It’s insane how conditioned people are on price fixing.
The US has used it many times to make necessary adjustments to society throughout our country’s history.
Rent caps were one of the most influential and positive policies of the New Deal.
It’s not an inherently bad policy.
If there is something inherently unethical like overcharging for a need (yes in our modern world being educated is a need to actually participate in society), then it is acceptable for the government to step in and draw the line.
Student debt should be totally canceled, college should be free, and the government should take a fraction of what was being extorted out of students by predatory loan companies and pay it directly to the schools. Let the unethical loan sharks fucking eat the loss for trying to run a racket. They shouldn’t have more power than the god damn government.
Same with housing, it’s a public secret that massive housing corps colluse using price fixing algorithms, it’s correct in this situation for the government to step in and force rent caps. Let the unethical slumlords eat the loss. They shouldn’t have more power than the god damn government.
I mean, he’s not. The vast majority of the loans being forgiven are ones that should have been forgiven anyways. Like ones where the people went into the public sector and paid their loans for 20+ years. These loans were supposed to be discharged. That was the arrangement these people signed up for. Bureaucracy essentially held them hostage.
Sorry, but I don’t give credit for finally agreeing to a broken promise and then treating it like it was done out of the kindness of their hearts. They should have been discharged years ago.
Op posted:
The Biden administration has focused on revising and expanding federal student loan forgiveness programs that existed before Biden took office. That approach allowed the administration to expand loan forgiveness options despite its failure to implement new federal forgiveness programs after the Supreme Court struck-down Biden’s initial plan in 2023.
federal student loan forgiveness programs that existed before Biden took office
focused on revising and expanding
So it’s taking a law already in place, and just applying the law?
Win, I guess?
Do I really need to pull up the definitions of revising and expanding? No it’s not just applying, it’s revising and expanding.
No expansion, its applying what’s meant to be covered. If the law says 100 of 150 should be covered, and the law covered 15 out of 150, and is now covering the 100, it’s not an expansion, it’s doing what the law is said.
An expansion would ensure 101 or more.
He “focused” on fuck-all because this is not an expansion! No expansion happened. The claim that anything was expanded is a LIE.
The debt always supposed to have been forgiven under policy that has existed for more than a decade. Biden did his job and nothing else. It’s only notable because his predecessor didn’t.
How much clearer do we have to make it? Why are you liberal apologists acting like MAGAs?
Why are you liberal apologists acting like MAGAs?
Because they are, why else did Harris court the right wing and drop support for BIPOC and Queer folks?
The person you’re arguing with treats lies as faits accomplis.
How? He’s just forgiving the shit he was supposed to forgive. He’s not revising and expanding with this new round of loan forgiveness.
So you’re ignoring the news article. Ok.
From the article:
The 150,000 new beneficiaries announced Monday include more than 80,000 borrowers who were cheated or defrauded by their schools, over 60,000 borrowers with total and permanent disabilities and more than 6,000 public service workers, Biden said in the release.
These are all loans that were ALWAYS SUPPOSED TO HAVE BEEN FORGIVEN under existing law.
Removed by mod
You mean that?
deleted by creator
Meanwhile, as the qons fight tooth and nail against this, they picture themselves like Braveheart…
https://itunes.apple.com/app/apple-store/id917932200?pt=39040802&ct=Media1GIFV2&mt=8
this guy is a saint the way he keeps going despite the crap he gets for not doing more even knowing each bit of more is not enough for many folks.
There are way too many people who fault you and your effort if it’s not perfect in their eyes.
Those people are to blame for our current situation too.
yeah I basically feel this way. I also think there is a lot who can’t possibly see their own innactions or actions as being bad and blame everyone else.
ITT: liberal apologists getting BIG MAD that the rest of us aren’t buying their spin trying to give credit to Biden for merely enforcing the existing law.
Liberals would rather treat complying with helpful laws set up a decade ago is a win to secure the vote (if we get to vote ever again) when he failed to cancel debts that he literally set up as a Senator.
Yeah, I didn’t see anybody else enforcing that law or making sure these people were taken care of. Biden administration stepped in and made them follow the law, which would never have happened otherwise. This is the best he could do after his main plan was shot down by Republicans and the Supreme Court.
The President isn’t all-powerful in America and only has so much reach–and that’s a good thing when somebody like Trump comes in and wants to be the next dictator.
The President isn’t all-powerful in America and only has so much reach
Except the SCOTUS ruled otherwise, and Biden can somehow send endless arms to Israel, but not Ukraine.
Can somehow violate federal laws to build the wall on Mexico “because congress paid for it” but can’t ensure right to abortion.
At some point, you gotta ask “Why are is the US government able to do horrid things without question, but helping people always has an excuse that prohibits it from being done?”
The fact that you began this comment with “ITT” makes we wonder if you’re doing a bit or not
The fact that you’re not refuting me makes me know you know I’m correct.
That person was wondering about a question and you implied your own bias. Makes taking anything else you say less credible
The 150,000 new beneficiaries announced Monday include more than 80,000 borrowers who were cheated or defrauded by their schools, over 60,000 borrowers with total and permanent disabilities, and more than 6,000 public service workers, Biden said in the release.
So it was all thru existing programs and Biden did nothing to make it happen?
Literally what he did in the next paragraph:
The Biden administration has focused on revising and expanding federal student loan forgiveness programs that existed before Biden took office. That approach allowed the administration to expand loan forgiveness options despite its failure to implement new federal forgiveness programs after the Supreme Court struck-down Biden’s initial plan in 2023.
focused on revising and expanding federal student loan forgiveness programs
But no specifics…
If your school defrauded you, you don’t have to pay.
That’s been a thing since 2015.
The second is if you have permanent disabilities.
That went into effect 2013.
The last is PSLF which has also been around much longer than Biden.
Biden has done nothing to expand who is applicable for any of those things.
So why are people clapping for him?
Well, guess who was vice president in 2013 and 2015.
Damn bro. You didn’t have to do him like that.
Read op posts. He definitely deserves to be done like that.
You’re right, these are all existing programs that Biden’s following. I don’t think he deserves a round of applause for doing the bare minimum, but we know that Trump will either try to skirt around these programs or remove them completely.
This will likely be the last bit of loan forgiveness we see for the next 4 years.
Removed by mod
The only MAGAs in this thread are the “Blue MAGAs” trying to gaslight us into thinking that merely administering the existing law is some heroic act and not a goddamn baseline expectation.
And that’s saying a lot, because I fucking hate the “Blue MAGA” accusations. I’ve always considered it dishonest ‘both-sides’-ism, not a real thing.
But nope! This thread, right now, has finally proven to me that it is indeed real. You have managed to sink to that level. So congratulations, I guess, for extinguishing the last shred of faith I had in liberals. That’s what your bad faith bullshit has accomplished. I hope you’re happy.
One comment from someone who isnt op is all it took?
Perhaps you should define “blue maga”
No, that comment was just the last straw.
Perhaps you should define “blue maga”
Weird, dishonest fanboyism for liberal politicians.
What sense does that make?
I’m the one pointing out that pretending these numbers have anything to do with the president now is still true when trump takes over.
Like, do you honestly think that anyone not throwing logic out the window to applaud Biden supports trump…
That’s literally what trump supporters do.
Where have you ever seen them use logic to back up a criticism of Biden?
A lot of real partisan morons in these replies to you. Criticize Biden for doing almost nothing to eliminate crushing student debt? You must be a Trump supporter!
Where’s the logic?
These programs exist but bureaucratic hurdles prevented people from actually having their loans forgiven.
Biden bypassed all that and just forgave the loans. This is also what he did for the other 5 million loans. Sure you COULD argue he did nothing, but if you ask those 5 MILLION people who were paying loans that should have been forgiven but weren’t until Biden’s executive orders I think they’ll say something different.
I reject this rhetoric that makes him look like a hero “bypassing” hurdles in order to… do the bare minimum required of our government by law. I refuse to let my standards stoop that low.
We’re very happy you can be smug then. Great job.
These programs exist but bureaucratic hurdles prevented people from actually having their loans forgiven.
Biden bypassed all that and just forgave the loans.
Biden didn’t to jack shit except to undo Betsy DeVos’s sabotage and administer the program in good faith. That’s not heroic; that’s the basic expectation of the job. It only looks heroic in comparison to the previous active sabotage.
I would add, he made a big deal about loan forgiveness for people who would go on to work in underpriveleged communities, which was always a thing.
Really the only new program he implemented which wasn’t immediately overturned by the courts was forgiveness for people who a) borrowed $12,000 or less and b) hadn’t missed a loan payment for 10 years.
Which they CLAIM is a whole bunch of people, but nobody stops to ask “Hey, if you borrowed $12,000 or less and haven’t missed a payment in 10 years, how much is actually outstanding on that loan?” Or better “What degree costs $12,000 or less?”
Removed by mod
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.
Some welcome news today for disabled veterans with student loan debt - President Trump announced an executive order forgiving all federal student loan debt for vets who are permanently and totally disabled.
Or this
Under Trump’s proposed plan, if you are a student loan borrower, your monthly student loan payments would be capped at 12.5% of your income. After 15 years of monthly payments, your remaining student loan debt would be forgiven.
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?
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.
I’m getting really tired of neoliberals cheering for basic mediocrity and acting like it’s murder to criticize Biden. They’re just an extension of the Democratic Party that is entirely unwilling to address the fact that simply not doing bad things doesn’t make you good.
These are not accomplishments. This is not the promise that got me to vote for Biden despite not believing he would be a good president, nor that his primary run was above board. I want a president that actually works to better the lives of the people.
And while we’re at it, I’d like a fair primary without DNC bullshit.
I’m getting really tired of neoliberals cheering for basic mediocrity and acting like it’s murder to criticize Biden
You remember a couple years ago when a WB board member said the reason they bought CNN was to make it more like Faux News to change people’s minds?
These are those people that kept watching CNN and that is why they’re acting like trump supporters.
The wealthy want voters with zero standards except the left by a name. And they’ve bought almost every media outlet to get those types of voters in both parties.
It’s exhausting for sure. And this thread has all their usual rhetoric, complete with confident assumptions that anyone criticizing their king must be a “MAGAt.” It’s just so utterly incomprehensible to them that anyone can exist to their left, even though the US has no left wing parties.
I’ve blocked a lot of them apparently.
It says 30 comments I see maybe 10.
There’s not many, they just love to pile on.
