Biden administration cancels student loans of more than 150k borrowers

https://www.nbcnews.com/politics/white-house/biden-administration-cancels-student-loans-150000-borrowers-new-plan-rcna139731

by mikhael • 2 years ago

18 24 2 years ago

nbcnews.com

sarcasmatwork• 2 years ago

So he's going against SCOTUS?

"Supreme Court strikes down Biden student-loan forgiveness program. By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans."

https://www.scotusblog.com/2023/06/supreme-court-strikes-dow....

How can he do that?

sickofparadox5• 2 years ago

This is technically a different loan forgiveness program, so it would need to go before the court on its own merits.

Kon-Peki• 2 years ago

How can he do that?

Because the Supreme Court ruled that the executive branch is allowed to cancel student loans, just "not that many all at once".

How many is too many? They didn't say.

krapp• 2 years ago

They'll know it's too many when the ghosts of the founding fathers get riled up and start throwing sugar packets around the Supreme Court breakroom.

camdenlock• 2 years ago

This is one of the most brazen (and reprehensible) attempts to court votes that I’ve ever seen in the USA.

foofie6• 2 years ago

Why do you think that cancelling student debt is reprehensible?

Edit: is this question worth this many down votes?

sickofparadox5• 2 years ago

Because subsidizing the top 25% of earners in the country with the taxes of everyone else seems fundamentally unjust, especially when they voluntarily took on the debt.

somedude895• 2 years ago

Clientelism in its purest form. The elite giving handouts to the elite.

foofie6• 2 years ago

The elite giving handouts to the elite.

Families struggling to pay off a <10k loan for years are now the elite.

This is the extend of the ridicule these discussions succumbed to. Pure despair straight from the firehose of falsehood.

darthrupert• 2 years ago

Does this mean that the debts are practically moved to being US debt? And universities get to keep all the money they swindled with all these schemes?

I don't know, man. Doesn't sound right exactly.

mancerayder2• 2 years ago

How is that fair to those that repaid?

squigz2• 2 years ago

How is curing a disease fair to those who already died from it?

mancerayder2• 2 years ago

Doesn't that completely miss the point? No one has died and it's not a disease. People took loans, some have repaid and some not, and you're rewarding the latter at the expense of the former. You don't see any moral issues whatsoever, even if you played devil's advocate?

fortyseven• 2 years ago

Amazing how many hateful people require others to suffer just as they did.

foofie6• 2 years ago

It reeks of ladder-pulling.

infamouscow• 2 years ago

I look forward to whatever US states decide to interpret the Sixteenth Amendment like D.C., California, and New York interpret the Second Amendment.

Biden administration cancels student loans of more than 150k borrowers

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