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.

  • csm10495@sh.itjust.works
    link
    fedilink
    English
    arrow-up
    14
    arrow-down
    2
    ·
    10 months ago

    Yep. He told Republicans he would stop pausing it to pass funding for the government.

    He should have lied like they would.

    • Snot Flickerman@lemmy.blahaj.zone
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      2
      ·
      edit-2
      10 months ago

      I mean, yes?

      It’s time to fucking play hardball with these creeps instead of this milquetoast turn the other cheek bullshit.

      They want to play the game like that, so they are setting the ground rules. Acting like we have to keep one hand tied behind our back during a fight with them is fucking stupid. Get that arm out and throw sand in their fucking eyes.

      Pocket sand!

      • chingadera@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        10 months ago

        The thing is, we don’t need to stoop to make this even. Just start making the courts somewhat even again and arrest these clowns. We don’t have to be peices of shit because they are.