this post was submitted on 13 Jan 2025
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politics

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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.

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You're telling me that before this, borrowers defrauded by schools were just told "lol, sucks to suck?"

[–] SatansMaggotyCumFart@lemmy.world 68 points 4 days ago (2 children)

I can't wait for Trump to get in and really make America better again!

[–] thefartographer@lemm.ee 49 points 4 days ago (1 children)

"Trump uses resources for reuniting immigrant children with their parents to instead reunite students with their debts."

[–] TachyonTele@lemm.ee 26 points 3 days ago (1 children)

Takes out loans in everyones name, even if they never went to college.

[–] WhatAmLemmy@lemmy.world 14 points 3 days ago* (last edited 3 days ago)

That's what they do every time they cut taxes for the wealthiest.

[–] CharlesDarwin@lemmy.world 3 points 2 days ago

Most likely donvict will make Elon a trillionaire and the dipshits are here for it. Oh and make a few other broligarchs that are already billionaires (which should not even be a thing in this country) even more billions.

What we should really do is make America great again like the 1950s - very narrowly. Meaning, the top tax rate is 92% for the likes of donvict and his billionaire boyfriends.

[–] adhdplantdev@lemm.ee 38 points 3 days ago (1 children)

Out of 43 million. Drop in the bucket.

Hope the people who get it treasure it.

[–] SoftTeeth@lemmy.world 3 points 2 days ago

I wonder when we'll get a president who campaigns on doubling everyone's lottery odds?

[–] someguy3@lemmy.world 37 points 3 days ago (22 children)

"But but but, Biden's not doing anything!"

[–] Iceman@lemmy.world 4 points 2 days ago (7 children)

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.

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[–] HubertManne@moist.catsweat.com 15 points 3 days ago (2 children)

this guy is a saint the way he keeps going despite the crap he gets for not doing more even knowing each bit of more is not enough for many folks.

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