President Joe Biden’s plans to deliver widespread student debt relief were dealt a serious blow last year when the Supreme Court struck down his one-time student loan forgiveness program. But he has still managed to cancel more federal student loan debt than any other president.

TLDR: Totalling roughly $144 billion for about 4 million borrows.

Article is from March 29th, 2024

  • @BigMikeInAustin@lemmy.worldEnglish
    21•8 months ago

    Good!

    Now do that much again!

    Get people spending their limited paychecks on goods the economy is producing, instead of paying interest to some misers. In the 1%-er’s bank, it will just sit and effectively be taken out of circulation and the economy.