Open Thread | President Biden Continues to Push Forward On Student Loan Forgiveness

He keeps on trying to find ways to help people. And, he has a team around him who have been directed to do the same using the levers of government.

Biden makes another pitch for student loan relief, but challenges loom
By Danielle Douglas-Gabriel
Updated April 8, 2024 at 7:37 p.m. EDT|Published April 8, 2024 at 5:00 a.m. EDT

President Biden on Monday laid out plans to forgive some or all student loans for more than 30 million Americans, trying to expand on his administration’s work to reduce debt burdens but offering a narrower path for forgiveness than a plan struck down by the Supreme Court last year.

One far-reaching component would forgive up to $20,000 in interest for federal student loan borrowers whose balances have ballooned because of unpaid interest, a move that the White House estimates could benefit 25 million people and that could take effect as soon as this fall. Other aspects of the debt plan, which probably will not be finalized for months, would take effect next summer.

“Today, too many Americans, especially young people, are saddled with unsustainable debts in exchange for [a] college degree,” Biden said at an event at a college in Madison, Wis. “The ability for working- and middle-class folks to repay their student loans has become so burdensome that a lot can’t repay it for even decades after being in school.”

Biden’s announcement sought to reaffirm his goal of easing the burden of college debt, an issue that could help energize his base ahead of a tough matchup this fall with former president Donald Trump. Since taking office, the administration has approved $146 billion in loan forgiveness for 4 million public servants, defrauded students, disabled borrowers and other groups already entitled to cancellation by adjusting existing relief programs.

But Biden has faced regular attacks on his debt cancellation policies from conservatives, including a lawsuit filed last week by nearly a dozen state attorneys generals to scuttle the president’s new student loan repayment plan. Critics have challenged Biden’s authority to wipe away debt and denounced his loan cancellation efforts as fiscally irresponsible and unnecessary.

So, I don’t think that this can be pointed out enough.
President Biden and his Administration are doing what they can with what they have. They have studied and are attempting to work within the levers of government that exist in order to help people.
And, the same mofos are there, trying to stop them from helping people. I never thought that they had standing for the case that they brought before the Supreme Court, but, of course, with this right-wing group of hacks, they can invent standing from nothing. Just like they are deciding cases based on hypotheticals.
But, we need people to see -and acknowledge – those who consistently sue to try and stop people from being helped.
AND, to acknowledge those who are pushing forth ideas and policies designed to HELP PEOPLE.
They are not the same group of people. And, it’s not BOTH SIDES.

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2 Responses to Open Thread | President Biden Continues to Push Forward On Student Loan Forgiveness

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  2. rikyrah says:

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