For who, though?! I keep seeing articles about this latest round of student loan debt forgiveness, but so far I’ve seen nothing about who this round applies to. Who qualifies and how?
I’m on that already at least. I did see that it’s expected to take a while for it to apply since legal challenges are expected, so whoever it applies to I guess it’s mostly a waiting game for now.
Bidens done more than any other president combined by orders of magnitude.
hahahahahahahahhaha
true W would be free education like every other developed country (and many undeveloped) in the planet, no debt traps.
i dont get why people are so hellbent on defending a genocidal maniac because the alternative is a bit worse. just go and vote for the lesser evil if you will.
The Government of the United States of American is not a parliamentary system, where a party with a majority can do pretty much whatever the prime minister wants.
Instead, the US government is designed to distribute power, with each house of congress, the President, and the Courts, each having significant power to block change. This is an example of that — actually getting the kind of change we need is going to mean sustained Democratic supermajorities for multiple election cycles.
Ok, so if you want to know why leftover leftists like me are complaining bidens not doing enough to get reelected Even though he's forgiven 153 billion in debt, i wanna talk just a bit about the ridiculous scale of student debt.
Total student debt in the US is 1.77 Trillion dollars. 92% of that debt is federal student loan debt. Not private corps that's would have to take a hit (that's the 8%), federal loans. Now Biden has provided some access to loan relief (with means testing of course, a commenter here can't even get the money but i digress) to the time of 153 billion usd all told. That might sound like a lot as those numbers are more than we can naturally conceive (anyway i can't) but subtract 153 billion from 1.77 trillion and you get... 1.616 Trillion.
Do we need to do anything to receive the credit? Is it income based, and if so, is it retroactive? I've been a broke ass for most of my life, but I'm finally after an entire career's worth of busting my ass making pretty good money. I'd be pretty bummed out if I didn't receive assistance just because it took a long time to push this through.
The press release makes it sound like you don't need to take any action if you're still enrolled in the SAVE plan. With other debt cancellations, they sent people letters saying that their debt is now discharged.
Edit 2: it's income driven based on your current income. Well that sucks for people like me who scratched and clawed their way up the ladder for two decades.
Is the save plan the original registration? I wasn't able to register for that. They shut registration down by the time I heard of it.
