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?
Biden Wipes Out Another $7.4 Billion in Student Loan Debt
Submitted 8 months ago by silence7@slrpnk.net to nyt_gift_articles@sopuli.xyz
Comments
Confused_Emus@lemmy.world 8 months ago
notannpc@lemmy.world 8 months ago
Hell yeah. Congrats to the folks who have one less burden to carry!
umbrella@lemmy.ml 8 months ago
headline: biden does bare minimum ahead of election
silence7@slrpnk.net 8 months ago
umbrella@lemmy.ml 8 months ago
funny how democrats can never stop the republican atrocities.
sounds like a crappy excuse, they had a blue wave going for them.
cybersandwich@lemmy.world 8 months ago
Bidens done more than any other president combined by orders of magnitude. JFC what is wrong with people.
This is a great thing. Take the W. Give credit where it’s due. If he has a Congress that functioned, he’d have made even more progress.
Go vote.
But quit whining and saying stupid shit like this.
the_post_of_tom_joad@sh.itjust.works 8 months ago
Bidens done more than any other president combined by orders of magnitude. JFC what is wrong with people.
How can you make this statement and not laugh at yourself? Support of your candidate is great but this comment is hysterically objectively unjustifiable. Like i won’t even ask you to defend it, its impossibly silly.
Lay off the rhetoric my man and take a breath. fuck’s sake.
keyez@lemmy.world 8 months ago
You should go outside and get some air
Anticorp@lemmy.world 8 months ago
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.
silence7@slrpnk.net 8 months ago
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.
Anticorp@lemmy.world 8 months ago
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.
cavemeat@beehaw.org 8 months ago
It doesn’t make up for Gaza, but it’s good news
the_post_of_tom_joad@sh.itjust.works 8 months ago
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 did 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.
That… objectively is not much.
Princeali311@lemm.ee 8 months ago
Yeah fuck him for actually trying to do something.
Isoprenoid@programming.dev 8 months ago
That objectively is progress.
FTFY
Bremmy@lemmy.ml 8 months ago
So then don’t even try?
silence7@slrpnk.net 8 months ago
He tried doing a single big plan which would have done much more. The Republicans on the Supreme Court blocked it
Jerkface@lemmy.world 8 months ago
I wonder what it is that you imagine has to happen to get the other 1.616 T cancelled.
the_post_of_tom_joad@sh.itjust.works 8 months ago
I’m just as curious about what you think does. Care to share how your vision on how that shining day might come?
MisterD@lemmy.ca 8 months ago
He did try to wipe it all out but the Republicans stopped him. Just be happy he’s able to wipe a few billion here and there. Meanwhile Mr. 91 indictments only help those with money.
mosiacmango@lemm.ee 8 months ago
Its a fucking huge amount of forgiveness, and has been life changing for millions of Americans.
But besides wiping debt outright, they also made tons of changes to the loan repayment system. How about doubling the minimum income before you have to pay anything on your loan from 16k to 32k? How about freezing any interest if you are paying on your loan? How about letting anyone delinquent true up instantly just by enrolling? How about letting spouses who are married but file separately maintain income based based payment ileven if the household income is too high? How about actually forgoving loans after the 10 years in the public service program, instead of “just not doing it” for 4 years like the trump admin did? How about forgivening 1k/yr of loans after 10 years even of you dont qualify for the full forgiveness program?
They have made paying back the loans much, much less painful for the people that haven’t had their loans outright forgiven, often dropping payment amounts by half and making everything about the process less brutal
qjkxbmwvz@startrek.website 8 months ago
As someone who paid off student debts as quickly as possible 10+ years ago…am I supposed to feel a great sense of unfairness? Because I don’t 🤷
Mog_fanatic@lemmy.world 8 months ago
I mean I do. I’m not gonna lie about it. It would be prettttty sweet if I could have the depressingly gross amount of money I dumped into paying off my loans. But I also have no problem whatsoever with this move. I’m all for it. This whole “things sucked for me so it must suck for you too” thing I’ve seen too much of recently is exhausting as hell.
We can improve. It may not be super fair or feel great to those who already got screwed over by things in the past but that certainly doesn’t mean we can’t fix things so future people aren’t screwed in the same way.
madcaesar@lemmy.world 8 months ago
Same. I don’t feel unfairness when they help students. I feel unfairness when they give tax breaks to corps and billionaires.
Septimaeus@infosec.pub 8 months ago
No! Any less suffering is deprives the young of their birthright. We must ensure the heritage of adversity is preserved!