President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
This may be a shock to you, but there are other branches of government in the US. One of which is not elected and that’s the one that recently struck down Biden’s HEROS plan that would have eliminated $460B in student loan debt.
https://www.ncsl.org/state-legislatures-news/details/supreme-court-strikes-down-student-loan-forgiveness-program
Good thing we elected a career politician who said his decades of Senate experience meant he could get Republicans in the Senate and house to vote for progressive legislation…
Oh, that’s right…
I forgot Dems had the Senate, House, and presidency for 2 years…
But that highly experienced career politician told us trying to change even a single politicians mind (even if they were in his own party) was an impossible task so he wouldn’t even try.
Welp, at least we’re not running him again since the whole reason he said he was the man for the job turned out to be something he was lying about…
That would seem like a terrible plan
He said he could work with Republicans to get bipartisan legislation passed. And he has, including the Electoral Count Reform Act.
In addition to bipartisan legislation he has also passed progressive legislation, but as everyone expected that was along party lines.