Comment on It's great to see a politician that's progressive and Not a Millionaire.
tanisnikana@lemmy.world 2 days ago
I wish I had $66k. Could squash my wife’s student loans with that.
Comment on It's great to see a politician that's progressive and Not a Millionaire.
tanisnikana@lemmy.world 2 days ago
I wish I had $66k. Could squash my wife’s student loans with that.
mushroommunk@lemmy.today 2 days ago
AOC has argued for student loan cancellation for all and free college education for all. She and Bernie Sanders have put forth proposals to do just that. They’re just fighting an uphill battle.
Mac@mander.xyz 2 days ago
Didn’t Biden start implememting that? Or am i misremembering
brandon@piefed.social 2 days ago
The Biden administration eventually lost in court. A major campaign promise was to forgive $10k in student loan debt. Congress couldn’t get a bill for that through, so he tried to use an executive action to order the Department of Education to do it, but a number of (red) states fought it and won in the Supreme Court.
atomicbocks@sh.itjust.works 2 days ago
He also tried to restructure existing loan forgiveness programs, like the public service loan forgiveness program that I am in, to make them have shorter terms. This also lost in court eventually. My loans are still in forbearance due that that litigation, but only for a few more weeks.
I still don’t understand why the paycheck loans could be forgiven but not student loans.
Funkt4st1c@lemmy.world 2 days ago
Mohela. Missouri argued theyd disproportionately lose out on profits
mushroommunk@lemmy.today 2 days ago
Another commenter explained how it was stopped, but he was only going to forgive some for people below a threshold. AOC and Sanders are trying to forgive all for everyone and make it free moving forward. AOC was very vocal about Biden not taking it far enough
FudgyMcTubbs@lemmy.world 2 days ago
She’s right – He didn’t take it far enough. By him saying he would forgive $10k for those earning less than blank, meant he believed he had the power to forgive student debt. With that power, he was like, “nah fuck most of 'em. Drown in your debt.” I’ve said it before and I’ll say it again – Biden was a huge disappointment.
pdxfed@lemmy.world 2 days ago
Biden also was the one who made loan non-forgiveness his signature piece of legislation in the 2000s. Maybe realized the folly of his ways but his offset was a drop in the fucking ocean.
tanisnikana@lemmy.world 2 days ago
I hope she gets that golden email, I really do.