President Joe Biden may try to forgive student debt again as early as next month, in a sweeping redo effort that could impact tens of millions of Americans.
    • Ghostalmedia@lemmy.worldEnglish
      66·
      16 days ago

      Mainly through fixes to long-troubled loan relief initiatives, the Biden administration has now approved nearly $169 billion in loan forgiveness for roughly 4.8 million people.

      Its new plan is expected to reach at least 25 million more people.

    • Kroxx@lemm.ee
      40·
      16 days ago

      Most of his reform so far has focused more on making the current paths that existed more obtainable, ex: public service loan forgiveness. So he has made student loan forgiveness where you meet specific qualifications much better, which is very helpful, but not everyone qualifies.

      Blanket student loan forgiveness hasn’t happened, because it was successfully blocked by the Republicans (after like 4 attempts). I assume this is referring to blanket forgiveness.

      Could be wrong on all this, if anyone spots something incorrect just say it.

      • KoboldCoterie@pawb.socialEnglish
        551·
        16 days ago

        Nah, they’re just proving their own point. They have goldfish memory and can’t remember far enough back to recall the prior loan forgiveness efforts.

      • Jesus@lemmy.world
        9·
        16 days ago

        After the court slap down, he was only able to help about 1/5th to 1/6th of the original audience.

        That’s a lot of people who could stand to be reminded about what the GOP has blocked and what Harris would continue to push for.

        • TransplantedSconie@lemm.ee
          3·
          16 days ago

          Yep. That’s the point I was making. You do something like this right up to the election so you can push out last-minute ads to remind the public what the democrats have done and what was taken away by the Republicans.

      • TransplantedSconie@lemm.ee
        612·
        16 days ago

        No I have and I know all the republican AGs and republican SCOTUS blocked him at every turn.

        But I also know as an american how quickly we forget things because of our news cycle and him announcing this in October keeps it fresh in people’s minds

        • empireOfLove2@lemmy.dbzer0.comEnglish
          25·
          16 days ago

          So he’s gonna… remind people of his committment to a campaign promise that he’s actually been working on for most of his presidency?

          Ya, that’s kind of how campaigning is supposed to work.

        • mosiacmango@lemm.ee
          201·
          16 days ago

          Hes forgiving 169 billion already, which is roughly 40% of the 400 billion that supreme court blocked. It’s drastically more than any other admin has ever forgiven.

          He already succeeded in forgiving student loans. Hes now attempting to forgive even more of them right before election to yes, keep the issue in peoples minds.