The latest tranche of debt forgiveness brings the total number of people benefiting from student loan cancelations to more than 5 million, the president said.

Summary

President Biden announced student loan forgiveness for 150,000 additional borrowers, raising the total to over 5 million under his administration.

The latest beneficiaries include borrowers defrauded by schools, individuals with disabilities, and public service workers.

Biden emphasized his focus on expanding pre-existing forgiveness programs after his broad plan was struck down by the Supreme Court in 2023.

Conservatives and Trump argue the efforts overstep executive authority and unfairly shift costs.

Biden called the initiative a fulfillment of his promise to reduce financial barriers to education.

  • I_Has_A_Hat@lemmy.world
    4044·
    2 days ago

    I mean, he’s not. The vast majority of the loans being forgiven are ones that should have been forgiven anyways. Like ones where the people went into the public sector and paid their loans for 20+ years. These loans were supposed to be discharged. That was the arrangement these people signed up for. Bureaucracy essentially held them hostage.

    Sorry, but I don’t give credit for finally agreeing to a broken promise and then treating it like it was done out of the kindness of their hearts. They should have been discharged years ago.

    • BarqsHasBite@lemmy.world
      376·
      2 days ago

      Op posted:

      The Biden administration has focused on revising and expanding federal student loan forgiveness programs that existed before Biden took office. That approach allowed the administration to expand loan forgiveness options despite its failure to implement new federal forgiveness programs after the Supreme Court struck-down Biden’s initial plan in 2023.

      • hark@lemmy.world
        1829·
        2 days ago

        federal student loan forgiveness programs that existed before Biden took office

            • BarqsHasBite@lemmy.world
              22·
              17 hours ago

              Do I really need to pull up the definitions of revising and expanding? No it’s not just applying, it’s revising and expanding.

              • Eugene V. Debs' Ghost@lemmy.dbzer0.comEnglish
                32·
                17 hours ago

                No expansion, its applying what’s meant to be covered. If the law says 100 of 150 should be covered, and the law covered 15 out of 150, and is now covering the 100, it’s not an expansion, it’s doing what the law is said.

                An expansion would ensure 101 or more.

                • BarqsHasBite@lemmy.world
                  21·
                  17 hours ago

                  revise /rĭ-vīz′/ intransitive verb

                  To alter or edit (a text). To reconsider and change or modify: synonym: correct.
"I have revised my opinion of him."

                  expand /ĭk-spănd′/ intransitive verb

                  To increase the size, volume, quantity, or scope of; enlarge: synonym: increase.
"expanded her store by adding a second room."
Similar: increase
To express at length or in detail; enlarge on.
"expanded his remarks afterward."
To open (something) up or out; spread out.
"The bird expanded its wings and flew off."

                  Have a good day.

          • grue@lemmy.worldEnglish
            139·
            2 days ago

            He “focused” on fuck-all because this is not an expansion! No expansion happened. The claim that anything was expanded is a LIE.

            The debt always supposed to have been forgiven under policy that has existed for more than a decade. Biden did his job and nothing else. It’s only notable because his predecessor didn’t.

            How much clearer do we have to make it? Why are you liberal apologists acting like MAGAs?

          • Anamnesis@lemmy.world
            1724·
            2 days ago

            How? He’s just forgiving the shit he was supposed to forgive. He’s not revising and expanding with this new round of loan forgiveness.

              • grue@lemmy.worldEnglish
                1910·
                2 days ago

                From the article:

                The 150,000 new beneficiaries announced Monday include more than 80,000 borrowers who were cheated or defrauded by their schools, over 60,000 borrowers with total and permanent disabilities and more than 6,000 public service workers, Biden said in the release.

                These are all loans that were ALWAYS SUPPOSED TO HAVE BEEN FORGIVEN under existing law.

                • Anamnesis@lemmy.world
                  104·
                  1 day ago

                  So hilarious that people are just down voting you without providing any evidence of new student loan action on Biden’s part. Libs will do anything to justify the status quo.