Did they forgive new debt or are they just discharging debt that legally should already have been forgiven?
Just take the win.
No. I want actual student loan forgiveness.
The specifics are important. There were tens of thousands of people who were eligible for and enrolled in the Public Service Loan Forgiveness program when it launched, did everything right, and still didn’t get their loans discharged, despite that being the purpose of the program.
When the very first round of forgiveness came up, only 96 borrowers out of the 28,000 eligible in that round, actually had their discharge approved. This program was a huge failure at the beginning, and they recently made significant improvements to it, so I’m also curious if this is talking about new debt or existing debt that should have already been discharged.
“Public service workers – teachers, nurses, firefighters, and more – are the bedrocks of our communities and our country,” Biden said in a statement.
It’s true. Its not just a debt forgiveness, but it’s an investment in our own collective futures.
CNBC - News Source Context (Click to view Full Report)
Information for CNBC:
MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
Wikipedia about this sourceSearch topics on Ground.News
https://www.cnbc.com/2024/10/17/student-loan-forgiveness-biden-public-service-debt.html
4.3.2.1…the Supreme Court will come out and reverse this decision, just like all the other times he has canceled debt.
My understanding is that after the Supreme Court overturned a formalized forgiveness application process, Biden has been using a different method and forgiving specific debt in waves, and that method has neither been challenged nor overturned.
The Biden/Harris admin has successfully forgiven $175 billion in student loan debt
Not likely in these cases, public service debt forgiveness programs have been in place for a long time now.
