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.

  • 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.