Biden listened to progressives and didn’t give up. It’s the high point of his presidency.
If he had listened to centrists, he wouldn’t have forgiven anything. If he had acted like a centrist, he would have given up forever at the very first sign of pushback.
This is the only issue that Biden has encountered where I am satisfied with his performance.
As someone relying on pslf, I was terrified under Trump the whole thing would be scrapped.
The Trump administration also called for ending the Public Service Loan Forgiveness program, which cancels student debt for eligible public-sector workers who have made 10 years of qualifying monthly payments. It was eliminated from Trump’s proposed federal budget all four years he was in office. Congress never adopted the proposal.
Biden has expanded PSLF eligibility and is conducting a recount of past payments to fix any past servicing errors and make sure borrowers get credit for every payment they’ve made.
Republicans will surely try to get rid of pslf again if they return to power.
They certainly will, given a chance. Republicans operate out of spite.
If Biden wants to win, he needs to draw more clear distinctions between himself and his predecessor, and he must persist in pursuing meaningful change toward the goals those distinctions represent.
If people followed Biden’s successes more closely they would realize he has many more that they are unaware of.
Biden authored and passed the legislation preventing students from declaring bankruptcy due to crushing student loan debt, as a huge handout to the banks in a thinly veiled regressive tax siphoning money direct to their coffers.
I’m happy for those who got at least some debt relief out of this, but not at all satisfied with Biden’s breadcrumbs 30 years after his disastrous policy making. The exorbitant cost of higher education in America today is an absolute disgrace.
No he didn’t listen to us. He lied to us during his campaign that he would fight for $50k forgiveness. Then when he got into office he negotiated his own campaign promise down to $10k.
If he’d listened to centrists, he would have done nothing.
Doesn’t excuse lying to us. I won’t be voting for him again.
It’s a key issue since he can pad his list of accomplishments with a few billion here or there by enforcing existing forgiveness programs without addressing the $1.7 trillion problem itself. Tuition costs have only gone up and new students are signing up for new loans with just as draconian terms as the old ones.
It’s up to Congress to stop the academic indenture of the next generation, but we know they won’t do anything
That’s true, though it’s unfortunate that while biden was part of congress he helped create the problem.
Yeah, it’s too bad Biden didn’t propose something like free community college for all
That would have made a huge impact on cost and availability of higher education, gone a long way toward addressing the $1.7T problem itself. I’m sure that would sail right through Congress, which is the branch of government that can legally do something about it
Are democrats in congress actually pursuing this or is this just all talk? It’s become a common pattern of democrats making “proposals” and then nothing comes of them, especially when they actually get a majority in congress since it suddenly becomes a low priority like when Obama said an abortion rights law was not a top priority after claiming it’d be the first thing he’d do while on the campaign trail even though he got in with a super majority.
Yeah it looks like they haven’t tried again, but apparently more than half the states have some sort of free college (plus Massachusetts’ program just went live this winter and was not on the lists)
Because he needs to court progressive voters even though they’re pissed off about his aid to a genocidal regime.
This is the best summary I could come up with:
When Americans head to the polls in November, President Joe Biden will have had a direct effect on the household finances of about 4 million of them: He canceled their student loan debt.
Sixteen million people received an email from the administration in 2022 notifying them that they qualified for student loan forgiveness under Biden’s new program, which was later struck down by the Supreme Court.
When he was president of the United States, he put Betsy DeVos in as secretary of education, and they tried to block every possible access to student loan debt cancellation that was already in the law,” the Massachusetts senator told CNN.
The Trump administration also called for ending the Public Service Loan Forgiveness program, which cancels student debt for eligible public-sector workers who have made 10 years of qualifying monthly payments.
Biden announced the loan forgiveness plan in August 2022, but the application wasn’t formally launched until two months later – which was also after several conservative-backed lawsuits were filed alleging the program was illegal.
He said it’s clear that student loan forgiveness remains a priority for the administration, noting how one of first lady Jill Biden’s guests at the State of the Union in early March was a teacher who received debt relief under PSLF.
The original article contains 1,395 words, the summary contains 212 words. Saved 85%. I’m a bot and I’m open source!
