Biden Administration Trying to Expand Student Loan Forgiveness Plans
“Whether any of the relief will materialize is a looming question as conservatives vow to challenge any attempt at mass student loan cancellation.”
Didn’t the United States Supreme Court tell him that he couldn’t do this? Why does the media never bring that up?
The Associated Press reports:
Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness.
Several categories of borrowers would be eligible for relief under Biden’s second try at widespread cancellation after the Supreme Court rejected his first plan last year. Those with older loans or large sums of interest are being targeted for relief, for example. On Thursday, the Education Department expanded its proposal to include those who face financial hardship.
The plan was expanded amid pressure from advocates and Democrats who said the proposal didn’t do enough for struggling borrowers who don’t fit into one of the other cancellation categories.
Whether any of the relief will materialize is a looming question as conservatives vow to challenge any attempt at mass student loan cancellation. The proposal is now going through a rulemaking process that’s expected to take months to finalize, and a legal challenge is almost certain.
Biden initially attempted to cancel up to $20,000 for an estimated 43 million people with incomes under $125,000. After the Supreme Court ruled he overstepped his authority, Biden asked the Education Department to craft a new plan under a different legal basis.
The new proposal is narrower, focusing on several categories of borrowers who could get some or all of their loans canceled.
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Comments
Pay your own fu*king debts you freeloading pieces of sh*t.
I don’t think this is about debt relief. It’s about preventing defection of Democrat voters. Keep them angry at the GOP for blocking it, and when the election is over quietly forget the whole idea.
“Didn’t the United States Supreme Court tell him that he couldn’t do this? Why does the media never bring that up?”
Because Swamp Whores do what Swamp Whores gotta do.
“Bitch better have my 10%.”
If the Biden administration actually wanted to “help” people with student loan debt, the Biden administration would ask Congress to set the Student Loan interest rate to 0% on student loans.
But then…. that would result in other consequences, wouldn’t it?
*on existing student loans
This is a simple case of buying votes by taking tax money from the less wealthy who didn’t go to college and giving it to the more wealthy who did.
not just about “buying” votes
its about showing who is in control over your money >>>life
THATTT IS WHAT monetary slavery is alll about