The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt, for 80,300 borrowers.

The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt, for 80,300 borrowers.

The relief is a result of the U.S. Department of Education’s fixes to its income-driven repayment plans and Public Service Loan Forgiveness program.

“Before President Biden took office, it was virtually impossible for eligible borrowers to access the student debt relief they rightfully earned,” U.S. Secretary of Education Miguel Cardona said in a statement. “This level of debt relief is unparalleled and we have no intention of slowing down.”

  • cheese_greater@lemmy.world
    1791·
    11 months ago

    Can’t wait to hear the businesses who received and were forgiven for PPP “loans” bitch en masse about the unfairness of it all

    Edit: nonetheless, this is good news everyone

      • cheese_greater@lemmy.world
        221·
        1 year ago

        In what goddamn world do they have ANY fucking standing? So silly lol, and I’m not yelling at you, just the sky with this entire conceit in mind

        • meco03211@lemmy.world
          381·
          1 year ago

          Since when do they need standing? They killed the original student loan forgiveness without having standing.

          • cheese_greater@lemmy.world
            151·
            1 year ago

            It was bullshit then its bullshit now but they must have many executive tricks they can use to find a way to insulate it, or just pay it out and let the SCOTUS enforce their stupid ruling

      • RvTV95XBeo
        152·
        1 year ago

        Yeah, seriously, fuck Sue, she complains about everything!

    • hibsen@lemmy.world
      293·
      1 year ago

      Their tears sustain me. God forbid someone actually help people instead of corporations pretending to be people.

    • Cerbero@lemmy.world
      4·
      11 months ago

      It’s even worse the IG thatbwas over it said that we probably lost 500 billion that we will never know where it went.

    • Empricorn@feddit.nlEnglish
      3·
      11 months ago

      Sometimes good news can just be good news. We don’t have to be cynical about absolutely everything…

    • Ann Archy@lemmy.world
      43·
      11 months ago

      It’s socialism! And socialism is bad, in case we weren’t clear on that. Under socialism, healthcare doesn’t work, infrastructure crumbles, power and money is concentrated among a few oligarchs, people can’t afford to pay for rent or food, crime and corruption is rampant, police systematically abuse their powers, the courts are overwhelmed, prisons are overcrowded, there’s violence in the streets, and you don’t have any real voice and your vote doesn’t matter.

      How would you like living under THOSE conditions, huh? Exactly. Vote R!

    • doingthestuff@lemmy.world
      36·
      1 year ago

      Those loans weren’t really presented as loans through. It was literally “hey if you meet the requirements take this money and you won’t have to pay it back”. My small nonprofit got about $56k total and it was really helpful with all the restrictions they were mandating.

      • cheese_greater@lemmy.world
        81·
        1 year ago

        I don’t get why its only companies that deserve a hand. The amount of wastef life and time and effort do to student loans is beyond unproductive and punitive