Biden cancels student loans for 150,000 more borrowers
www.nbcnews.com
The latest tranche of debt forgiveness brings the number of people benefiting from student loan cancellations to more than 5 million, the president said.

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.

    • Iceman@lemmy.worldEnglish
      41·
      3 days ago

      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.

      • someguy3@lemmy.world
        34·
        3 days ago

        Boy the haters coming out late. Pulling out the good old “not enough!” card. Well congrats now it’ll be nothing at all. Yup.

        • Iceman@lemmy.worldEnglish
          2·
          3 days ago

          Talking about pulling cards after parroting the “Biden didn’t do anything” line for the hundred time rings a tad hollow.

              • someguy3@lemmy.world
                12·
                3 days ago

                Then your response makes no sense, any way you read it. I have no interest in this “conversation” any more. Ciao.

                • Iceman@lemmy.worldEnglish
                  1·
                  3 days ago

                  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.

    • I_Has_A_Hat@lemmy.world
      2641·
      4 days ago

      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.

      • someguy3@lemmy.world
        283·
        4 days 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.

        • hark@lemmy.world
          1228·
          4 days ago

          federal student loan forgiveness programs that existed before Biden took office

            • grue@lemmy.worldEnglish
              98·
              4 days ago

              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?

            • Anamnesis@lemmy.world
              1122·
              4 days ago

              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.

                • grue@lemmy.worldEnglish
                  1110·
                  4 days ago

                  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.

                  • Anamnesis@lemmy.world
                    54·
                    4 days ago

                    So hilarious that people are just down voting you without providing any evidence of new student loan action on Biden’s part. Libs will do anything to justify the status quo.