Open Thread | More on President Biden’s Student Loan Forgiveness Program

Going to say this again:

IT MATTERS who is President and their experiences and their viewpoint.

President Biden respects the PROCESS.
And, he’s also enough of a political nerd to understand that getting into the weeds, you can do a lot for people – IF YOU WANT TO.

Will not stop bring this up.

That Public Service Loan Forgiveness Program.

From 2007-the Biden Administration:

7,000 People had their loans forgiven.


During Dolt45’s Term…99% WERE REJECTED

During President Biden’s Administration

600,000 people and counting have had their loans forgiven.

600,000 +

Biden’s new student loan plan is a BFD
Automatic renewals can vastly expand the reach of more generous income-driven repayment plans

AUG 24, 2023

When you are living through a policy moment it is sometimes clear what is, as President Biden once put it, “a big fucking deal.” And sometimes it is not. For the past couple of years almost all of the headlines and energy around student loan reduction centered on Biden’s plan to forgive $10,000 to $20,000 worth of loans, a plan that the Supreme Court shot down.

But what if another part of the plan, income-driven repayment (IDR), ends up being the BFD At the time, I remember chatting with others about how IDR had the bigger longer term potential, but policy scholars, like everyone else, tend to focus on the short-term rather than long-run change.

What the SAVE plan would do

The Biden administration unveiled SAVE (Saving on a Valuable Education) earlier this year, but more details became clear this week as it opened for enrollment. The Biden administration will invite 30 million borrowers to benefit from the initiative.

SAVE has a number of features. It limits loan balances from growing if borrowers fail to make interest payment. If they keep making payments, their balance will not grow due to unpaid interest growth.

But the heart of SAVE is expanding IDR, which ties repayment to a percentage of income and number of dependents. The SAVE plan improves these terms of IDR, limiting payments on to just 5 percent of discretionary income for undergraduate loans and 10 percent for graduate loans. SAVE also expands the dollar amount of income protected from repayment. This is expected to save the average borrower about $1,000 per year, but the effects are greater for borrowers with less money to spare. The New York Times notes that “a single person who makes less than $32,805 a year would make $0 monthly payments. The same goes for someone in a household of four with income below $67,500.” Low balance borrowers will seee their loans forgiven after 12 years rather than 20.

I asked Professor Dominique Baker, an expert on educational access if SAVE has the potential to to eclipse student loan forgiveness.

I think it will definitely be as big of a deal. One of the “big” pieces about SAVE is that it is reshaping how student loan repayment happens. That, paired with one-time debt cancellation and reforms to the price of college is how we both fix the harms of the past and change the system so that it doesn’t happen again. I think of it as part of a larger scale project to reorient higher education back to being a public good, with public institutions primarily funded by public dollars (a fun mix of federal, state, and local monies).

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16 Responses to Open Thread | More on President Biden’s Student Loan Forgiveness Program

  1. rikyrah says:

    A few questions for Harrison Floyd down in Fulton County JAIL 😂🤣🤣🤗

  2. rikyrah says:

    No lie told

    Skeptical Brotha 💛🐝🌈 (@skepticalbrotha) posted at 11:31 AM on Wed, Aug 30, 2023:
    Investigative work on Native American boarding schools and their federally sanctioned institutionalized abuses destroys any criticism that systemic racism isn’t a thing. Slavery and Native American genocide are two halves of a whole white supremacy.

  3. rikyrah says:


    Hope Restored In DFW (@Kennymack1971) posted at 0:42 PM on Wed, Aug 30, 2023:
    Mitch McConnell is proof that the media is 100% invested in covering for the GOP no matter what.

    Let that be the President.

    • Liza says:

      Video. Looks like the old boy is done. They can’t really hide this anymore.

      Mitch needs to go home.

      Hannah Thomas
      BREAKING NEWS: Sen. Mitch McConnell appearing to have another scary episode in the media gaggle in Covington today. Aides had to step in to help him out and repeat questions. He was eventually lead away. We’ll have the full video on @WLWT
      10:21 AM · Aug 30, 2023 8.5M Views

  4. rikyrah says:

    Bad Faith ✝️🐴🇺🇲🌻🇺🇦 (@Jeffdc5) posted at 10:19 AM on Wed, Aug 30, 2023:
    Wonderful, more people need to start suing these racist right wingers into oblivion. Giuliani loses defamation lawsuit from two Georgia election workers

    • Liza says:

      Rudy isn’t looking so good these days. I wouldn’t be surprised if his legal troubles, all of which he brought on himself, bring on his demise or something similar to what is happening to Mitch McConnell.

  5. rikyrah says:

    I’m gonna say this again:

    This is not our problem. 

    Maggie is screaming because she misses being a stenographer, and so do her cohorts. President 46 and the competency of his Administration is the worst thing ever for dear Mags. 

    I’m waiting for them to start blaming Democrats for who REPUBLICAN BASE VOTERS choose. 

    Not our business, if the rest of the clown car can’t get their voters out in the GOP Primary. Not our business. Not our problem. 

    They knew who that man was when they voted for him the first time. Nobody has hidden the charges against him. If they vote for him again, not our business. 

    Tommy moderna-vaX-Topher (@tommyxtopher) posted at 10:50 AM on Wed, Aug 30, 2023:
    Maggie Haberman Sounds Alarm For GOP — Trump Could Be Nominee Before Republicans ‘Know If He’s a Felon’

    Hope Restored In DFW (@Kennymack1971) posted at 11:07 AM on Wed, Aug 30, 2023:
    This isn’t the GOPs real problem.

    The real problem is that none of the other sad sacks running or anyone else the media has in the bullpen will excite Republican primary voters enough to leave or forsake Trump regardless of his legal situation.

  6. rikyrah says:

    The Washington Post (@washingtonpost) posted at 11:16 AM on Wed, Aug 30, 2023:
    A judge ruled that Peter Navarro, a Trump White House adviser charged with criminal contempt of Congress, cannot argue to a jury that he was barred by executive privilege from providing testimony and documents to the House committee investigating the Jan. 6, 2021, attack on the…

    The Washington Post (@washingtonpost) posted at 11:16 AM on Wed, Aug 30, 2023:
    Navarro, who has written and spoken extensively about his role in efforts to reverse former president Donald Trump’s 2020 election defeat, is set to go on trial in the contempt case next week in U.S. District Court in Washington.

  7. rikyrah says:

    Kyle Cheney (@kyledcheney) posted at 10:46 AM on Wed, Aug 30, 2023:
    NEW: A federal judge has ruled that Rudy GIULIANI is liable for defaming Ruby Freeman and Shaye Moss — and that he flagrantly violated repeated court orders to preserve and produce evidence in the case.

    Details w/ @joshgerstein

    Kyle Cheney (@kyledcheney) posted at 9:45 AM on Wed, Aug 30, 2023:
    NEWS: Judge grants default judgment to Ruby FREEMAN and Shaye MOSS in defamation lawsuit against Rudy Giuliani and grants punitive sanctions as well. Details TK

    Kyle Cheney (@kyledcheney) posted at 9:51 AM on Wed, Aug 30, 2023:
    HOWELL is, as usual, deeply cutting, accusing Giuliani of intentionally violating process:

    “Donning a cloak of victimization may play well on a public stage to certain audiences, but in a court of law this performance has served only to subvert the normal process of discovery.”

  8. rikyrah says:

    Candidly Tiff (@tify330) posted at 4:28 PM on Tue, Aug 29, 2023:
    Not sure how many times we have to say this but maybe if I say it’s SLOW people will understand that we already have a Black Anti-Hate Federal Crimes Bills/Acts on the books.

  9. rikyrah says:

    ABC News (@ABC) posted at 6:10 AM on Wed, Aug 30, 2023:
    The Biden administration will propose a new rule that would make 3.6 million more U.S. workers eligible for overtime pay, reviving an Obama-era policy effort that was ultimately scuttled in court.

  10. rikyrah says:

    Portia ♍️ 🐳McGonagal portiamcgonagal1619 on Insta (@PortiaMcGonagal) posted at 6:57 PM on Tue, Aug 29, 2023:
    The NRA was founded in 1871, six years after the Civil War ended, so which enslaved people did they (GMAFB) free?

    Homeschooling is failing this country.

  11. rikyrah says:

    The worst part about this bill is that those religious folks


    Certified Counselors are REQUIRED BY LAW to do so.

    colorfullstory (@colorfullstory) posted at 6:34 AM on Wed, Aug 30, 2023:
    Today Texas SB 763 which was signed into law is going into effect. Why are these people hell bent on forcing religion into these schools by replacing licensed professionals with unlicensed religious leaders? Everybody isn’t Christian. Even Christian leaders are against this!

  12. rikyrah says:

    Michelle_BYoung (@michelle_byoung) posted at 11:17 PM on Tue, Aug 29, 2023:
    “If Kamala Harris runs for president my chance of becoming the first woman of Indian descent to be president is in SERIOUS trouble & my anti Blackness can’t have me being BESTED by an Indian woman who is also BLACK”

    -Nikki’s thought bubble

  13. rikyrah says:

    Ragnarok Lobster (@eclecticbrotha) posted at 10:54 PM on Tue, Aug 29, 2023:
    Nikki Haley’s dad taught at an HBCU so Nikki Haley could afford to grow up to throw racist dog whistles at the first vice president of Black and Indian descent

  14. rikyrah says:

    Good Morning, Everyone😊😊😊

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