See how much student loan debt Biden has canceled | CNN Politics
See how much student loan debt Biden has canceled | CNN Politics
Biden Has Canceled Student Debt for Nearly 4 Million
4 out of 45 million, it's way past time for him to have another universal plan forgiveness plan ready to present because these little individualized efforts are not going to dig us out of this mess
The court said the House has to do it. They control the purse-strings. Whether that plan is in the works or not, Johnson won't let it anywhere near the floor.
The Biden administration made one argument with one executive order the court shot down one time. If they cared about this issue they could issue a new executive order citing different statutory or constitutional authority or a reinterpretation of the same authorities they cited before.
Biden can and should fight as hard for this as Trump did for his Muslim ban.
Friends said they had really old original ones, that they at some point consolidated w the newer ones, rendering the whole mass of them old or big enough to qualify. Didn’t even have to apply, just they got notified it was done
This is the best summary I could come up with:
As the November election gets closer, Biden’s team is eager to tout what he’s done to address student loan debt – with the administration recently sending congratulatory emails to 153,000 debt-relief recipients – even if his actions fall short of some Democrats’ expectations.
The Supreme Court ruled that the executive branch does not have the authority to implement Biden’s broad forgiveness program, which would have canceled up to $20,000 for borrowers who make less than $125,000 a year.
The one-time cancellation program would have benefited millions of people, but it drew some criticism because it would not have helped future borrowers or addressed the larger issue of the rising cost of college.
In a Reuters/Ipsos poll conducted in January, 46% of US adults said Biden has the “best approach” to lowering student debt burdens, compared with 22% who said Donald Trump does.
They wanted the president to cancel $50,000 of student loan debt per borrower – an amount Biden argued was too high.
Still, the Biden administration is working on implementing another path toward a broad student loan forgiveness program, this time relying on a different legal authority in hopes that this attempt holds up in court.
The original article contains 681 words, the summary contains 195 words. Saved 71%. I'm a bot and I'm open source!
Consider that student loan debt is over $2 TRILLION. Source: Student Loan Debt Clock
$138 billion canceled, according to the CNN article posted by OP. The article also claims $1.6 Trillion, which is low compare to multiple other sources, including the debt clock above.
So $138 billion from $2 Trillion is 6.9%, not the optimistic 9% the article claims.
Drops 💧 in the bucket. 🪣
Edit: for those downvoting me, I’m a Biden supporter, and will still vote Biden. I’m just someone who got reamed from student loans. Just because I disagree with how the student loans issue has played out doesn’t make me a Trump supporter. FFS! You can’t even have a negative opinion on a single thing without being lumped into being a Trumpthumper. 🙄🙄 Further was I really criticizing Biden? I didn’t even mention his name. I pointing out that the article skewed facts and it wasn’t as rosy as it looked. I have been assfucked by student loans and predatory lending and I’ve gotten zero help.
One drop more, I reckon, than you would have ever gotten out of a Republican President.
"You criticized Biden, therefore you must be a trumpist!" is the only defense centrists have anymore.
One drop more, I reckon, than you would have ever gotten out of a Republican President.
You reckon wrong. Did you forget Trump gave out stimulus checks? He even wanted his name on them.
In 2008, George W Bush, to counter the financial crisis, signed the Economic Stimulus Act, which provided tax rebates to Americans.
There you go. Two recent examples where we got drops from Republican Presidents.
on top of that Biden failed to raise the minimum wage, reign in the militarized police force, or set up a national healthcare plan as was his campaign promises
with all this how could anyone thrive and get ahead
Biden has helped Republicans keep the citizens down since he started being a politician and how either party gets any votes is a paradox
Congress failed to pass minimum wage. Kyrsten Sinema did a courtesy when she cast the deciding no vote.
What is a true paradox is that you didn't know this.
I’m just tired of family members hearing on the news that another couple million in debt was just wiped out, and them calling to ask if it affects me too.
No, you’ll know when it affects me, I’ll be shouting it from the rooftops in between benders.