Biden Has Cancelled $8.7 Billion Of Student Loans, But Here’s What It Means For Wide-Scale Student Loan Cancellation

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Here's what this means for wide-scale student loan cancellation.

, but this is the most popular in Congress. That said, even Warren and Schumer would limit student loan forgiveness only to federal student loan borrowers who earn less than $125,000 per year. What do Biden’s actions imply about wide-scale student loan forgiveness? While Biden wants Congress to cancel $10,000 of student loans for student loan borrowers, Biden has resisted taking executive action on student loan forgiveness.

Biden has repeatedly said he doesn’t believe he has unilateral authority to enact wide-scale student loan cancellation . Warren and Schumer say the Higher of Education Act of 1965 provides such broad power to cancel everyone’s student loans, but Biden has implied that the text is vague. Every time Biden pursues targeted student loan cancellation, it’s less likely that he will pursue wide-scale student loan cancellation. Why? There’s no indication from his actions or public statements that he intends to enact wide-scale student loan forgiveness.

 

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Not for everyday folks

Full of it

Lol

If you pay taxes you shouldn't have to take out a loan from the gov't to get the $$ you paid into the gov't to go to school so they can make $$ from your $$ that you have to pay back.

Thanks US President Biden

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There is more fatal and urgent thing in Afghan, but Biden only has courage and intelligence to spend others money to buy his own political asset.

Did Biden have the legal authority to do so? O don't think so unless it came out of his own pockets.

Permanent disability cancellation has always been a thing. It’s not new with Biden. BidenisaFailure

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Biden Cancels $5.8 Billion Of Student Loans For Disabled Borrowers Why did they go to college anyway?

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Biden administration to cancel $5.8 billion in student loans for disabled borrowersMore than 323,000 student loan borrowers with a total and permanent disability will have their debt automatically canceled, resulting in more than $5.8 billion of relief. “This process is going to be a smooth process for our borrowers.' This Administration needs to be fucking stopped I'm waiting for the government to pay off my mortgage. Even though I agreed to pay it, I just dont feel like it anymore....kinda like taxes
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Biden Cancels $5.8 Billion Of Student Loans For Disabled BorrowersBiden Cancels $5.8 Billion Of Student Loans TheAndyCortez Aww the poor hungry students - you promised Wow
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The Department of Education just approved $5.8 billion of student debt relief for over 300,000 borrowers with disabilitiesThe Department of Education just approved $5.8 billion of student debt relief for over 300,000 borrowers with disabilities (via CNBCMakeIt) MakeIt Anyone with their debt cancelled should have this noted on any job application. Responsibility, making good choices, and honesty matters.
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Progressives demand more student debt relief as Biden cancels nearly $6 billion'Today would be a great day for POTUS to finally cancel at least $50,000 of student loan debt per borrower,' Representative Pramila Jayapal tweeted. POTUS why? You signed up for student loans now be responsible adults and pay it back. POTUS Biden can cancel ALL student debt. He won’t though. He wants BlackRock to buy up all the houses first. POTUS Today😂. He’s overwhelmed as it is.
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