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indepndnt ,

Student loan servicers make banks look good.

And banks are generally evil. But at least they can follow an amortization schedule.

AtariDump ,

Republicans be like:

https://lemmy.world/pictrs/image/fc8f6f7b-fd69-4ba8-a853-632775302cf1.jpeg

Linkerbaan ,
@Linkerbaan@lemmy.world avatar

Biden: “Vote for me imma get rid of those student loans 100% no cap on a stack”

Biden after he becomes president : “jk lmao darn republicans amirite?”

tpihkal ,

Based.

tsonfeir ,
@tsonfeir@lemm.ee avatar

More than 45 million borrowers collectively owe approximately $1.6 trillion, according to the Biden administration, which tried to cancel up to $20,000 in student debt for tens of millions of eligible borrowers. The Supreme Court killed the program in June.

We all know this, but it’s important to know who to blame.

mwguy ,

It’s fair to also blame Biden. He gave up the ability to further push back student loan payments for some concessions to keep the government open.

tsonfeir ,
@tsonfeir@lemm.ee avatar

Wouldn’t that be blaming the republicans for making him give it up to keep the government open?

mwguy ,

Biden didn’t have to cave, he chose to. He said this thing that I said was a top priority for my campaign isn’t a top priority for my administration. And politically he’s going to pay a penalty to the faction of his coalition to whom forgiveness was a top priority.

That’s what happens when you lie to gain support.

tsonfeir ,
@tsonfeir@lemm.ee avatar

Well, you’re not wrong. He could have allowed the country to shut down. And maybe he should have. He’s not playing hardball for sure.

mosiacmango , (edited )

The 20k would have forgiven roughly 400 bil in loans. When that was shot down, Bidens admin kept quietly forgiven 5bil here, 8 bil there, which has now risen to 136bil and counting.

It’s not the 400bil we hoped for, but 136bil forgiven is far, far more than any admin has ever done to relieve student loan debt.

That doesnt even take into account how they doubled the minimum income limits that affect how much you have to repay on an income based plan, given a complete and free exit out of default, zero interest while making payments, retoractivly approved people who should have had them forgiven, on and on. They fixed so many bullshit aspects of repaying the debt and have gotten basically zero credit for it because its complicated and not sexy like “20k!”

Read the fuck up on what good they have done and i think you’ll be suprised.

quo ,

deleted_by_author

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    DoomBot5 ,

    Ah yes, the horse blinders approach. Focus on on one issue and pretend the rest of them around you don’t exist.

    mwguy ,

    Read the fuck up on what good they have done and i think you’ll be suprised.

    I understand what they’ve done. But Biden didn’t promise to “do something.” He promised broad forgiveness. And it was clear that many Dems were going to hold him to it. He shouldn’t be surprised he’s not getting credit for half measures, especially when he had the power to keep student loans deferred.

    mosiacmango , (edited )

    Biden did not promise broad forgiveness on the campaign trail, he said he was open to it. He made no promise at all, much to the irritation of progressives.

    What his admin did was 100% pushed for broad forgiveness anyway, in the only way possible. Since he couldn’t get it nby law done due to the GOP in the house and senate, he used the executive power he was granted by law, but the GOP supreme court found a flimsy excuse to stop it. How is that Biden failing in anyway?

    He did have the power to keep them deferred, but he had to give that up to prevent a ugly government shutdown. He made a concession, because in a divided government that is something you have to do to keep the government working.

    Fredselfish ,
    @Fredselfish@lemmy.world avatar

    My loan that should have been forgiven was not I blame Biden because he just shurg and moved on like it never happen. Fuck him. If not for Trump or current gop runners he get my vote.

    mosiacmango , (edited )

    It would have saved me 20k, but I get the realities of the situation. The GOP really did rig it to hamstring him, so its no suprise it worked.

    His admin is still forgiving loans, and they’re working on a harder to fuck with alternative, so lets see how this goes before writing off all hope.

    callouscomic ,

    And for this fiscal year, they STILL don’t have a federal budget, over a quarter of the way in.

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