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Post by Hey Man on Apr 12, 2024 20:57:18 GMT -5
The Biden-Harris Administration announced today the approval of $7.4 billion in additional student loan debt relief for 277,000 borrowers. These discharges are for borrowers who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and are eligible for its shortened time-to-forgiveness benefit and as a result of fixes made by the Administration to income-driven repayment (IDR) forgiveness. This action comes as nearly 8 million borrowers have been helped by the SAVE plan. That includes 4.5 million with a $0 monthly payment. Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $153 billion for nearly 4.3 million Americans. Thanks to this Administration’s efforts one out of every 10 Federal student loan borrowers has now been approved for some debt relief. This action builds on President Biden and his Administration’s efforts to provide debt relief to as many borrowers as possible as quickly as possible. “Today’s announcement shows—once again—that the Biden-Harris Administration is not letting up its efforts to give hardworking Americans some breathing room,” U.S. Secretary of Education Miguel Cardona said. “As long as there are people with overwhelming student loan debt competing with basic needs such as food and healthcare, we will remain relentless in our pursuit to bring relief to millions across the country.” The debt relief announced today is broken down into the following categories: www.ed.gov/news/press-releases/biden-harris-administration-announces-additional-74-billion-approved-student-debt-relief-277000-borrowers
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Post by Hey Man on Apr 12, 2024 20:58:49 GMT -5
As a person living in socialist Canada - I approve. That said, I understand people who are pissed off because they busted their ass to pay off their loans.
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Post by Psychocreature on Apr 12, 2024 21:05:22 GMT -5
This will never happen and he knows it. He's just trying to buy votes in the upcoming election. Biden is a low life pos. The supreme court will strike this down.
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Post by Hey Man on Apr 12, 2024 21:09:46 GMT -5
This will never happen and he knows it. He's just trying to buy votes in the upcoming election. Biden is a low life pos. The supreme court will strike this down. Maybe they will, but if Trump was pushing this - you would be praising him.
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Post by Psychocreature on Apr 12, 2024 21:17:25 GMT -5
This will never happen and he knows it. He's just trying to buy votes in the upcoming election. Biden is a low life pos. The supreme court will strike this down. Maybe they will, but if Trump was pushing this - you would be praising him. Lol Republicans are against socialism. This is wrongful distribution. This is no different than reparations.
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Post by Hey Man on Apr 12, 2024 21:25:10 GMT -5
Maybe they will, but if Trump was pushing this - you would be praising him. Lol Republicans are against socialism. This is wrongful distribution. This is no different than reparations. Define socialism.
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Post by Psychocreature on Apr 12, 2024 22:13:34 GMT -5
Lol Republicans are against socialism. This is wrongful distribution. This is no different than reparations. Define socialism. state control of society, state ownership and central planning of production.
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Post by Hey Man on Apr 12, 2024 22:15:34 GMT -5
state control of society, state ownership and central planning of production. LOL.
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Post by Psychocreature on Apr 13, 2024 6:26:05 GMT -5
Like Steve Forbes said, Supreme court already shot this down, so Biden is breaking the law.
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Post by Hey Man on Apr 13, 2024 10:20:43 GMT -5
Like Steve Forbes said, Supreme court already shot this down, so Biden is breaking the law. This is different it seems. These are already approved through a different program. It doesn't appear yet that the Supreme Court will be challenging it. I haven't seen any commentary about his yet anyway, but I have seen the difference mentioned between this and the prior Supreme Court decision. Time will tell I guess.
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Post by Psychocreature on Apr 17, 2024 0:24:57 GMT -5
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