AOC has argued for student loan cancellation for all and free college education for all. She and Bernie Sanders have put forth proposals to do just that. They’re just fighting an uphill battle.
The Biden administration eventually lost in court. A major campaign promise was to forgive $10k in student loan debt (for those making less than X dollars in income, iirc). Congress couldn’t get a bill for that through, so he tried to use an executive action to order the Department of Education to do it, but a number of (red) states fought it and won in the Supreme Court.
He also tried to restructure existing loan forgiveness programs, like the public service loan forgiveness program that I am in, to make them have shorter terms. This also lost in court eventually. My loans are still in forbearance due that that litigation, but only for a few more weeks.
I still don’t understand why the paycheck loans could be forgiven but not student loans.
I still don’t understand why the paycheck loans could be forgiven but not student loans
Let me try to steel man it:
You can reposes physical assets, but not the knowledge that it supposedly worth tens of thousands.
If I was possible everyone would default the day after they leave collage.
The first one is stupid because you can’t reposes an eaten meal and burned petrol.
On the second isn’t realistic either, because not every American defaults after a medical emergency either, because they want to be credit worthy later on.
That case was so fucking dumb and proved the SCOTUS majority is completely partisan. Missouri had zero standing to sue. The loan forgiveness order was probably illegal but they didn’t even wait for a case that made sense.
Another commenter explained how it was stopped, but he was only going to forgive some for people below a threshold. AOC and Sanders are trying to forgive all for everyone and make it free moving forward. AOC was very vocal about Biden not taking it far enough
She’s right – He didn’t take it far enough. By him saying he would forgive $10k for those earning less than blank, meant he believed he had the power to forgive student debt. With that power, he was like, “nah fuck most of 'em. Drown in your debt.” I’ve said it before and I’ll say it again – Biden was a huge disappointment.
Biden also was the one who made loan non-forgiveness his signature piece of legislation in the 2000s. Maybe realized the folly of his ways but his offset was a drop in the fucking ocean.
AOC has argued for student loan cancellation for all and free college education for all. She and Bernie Sanders have put forth proposals to do just that. They’re just fighting an uphill battle.
Didn’t Biden start implememting that? Or am i misremembering
The Biden administration eventually lost in court. A major campaign promise was to forgive $10k in student loan debt (for those making less than X dollars in income, iirc). Congress couldn’t get a bill for that through, so he tried to use an executive action to order the Department of Education to do it, but a number of (red) states fought it and won in the Supreme Court.
He also tried to restructure existing loan forgiveness programs, like the public service loan forgiveness program that I am in, to make them have shorter terms. This also lost in court eventually. My loans are still in forbearance due that that litigation, but only for a few more weeks.
I still don’t understand why the paycheck loans could be forgiven but not student loans.
Because the paycheck loans were being abused by members of congress and wealthy business owners…
Let me try to steel man it:
You can reposes physical assets, but not the knowledge that it supposedly worth tens of thousands.
If I was possible everyone would default the day after they leave collage.
The first one is stupid because you can’t reposes an eaten meal and burned petrol.
On the second isn’t realistic either, because not every American defaults after a medical emergency either, because they want to be credit worthy later on.
Mohela. Missouri argued theyd disproportionately lose out on profits
That case was so fucking dumb and proved the SCOTUS majority is completely partisan. Missouri had zero standing to sue. The loan forgiveness order was probably illegal but they didn’t even wait for a case that made sense.
Another commenter explained how it was stopped, but he was only going to forgive some for people below a threshold. AOC and Sanders are trying to forgive all for everyone and make it free moving forward. AOC was very vocal about Biden not taking it far enough
She’s right – He didn’t take it far enough. By him saying he would forgive $10k for those earning less than blank, meant he believed he had the power to forgive student debt. With that power, he was like, “nah fuck most of 'em. Drown in your debt.” I’ve said it before and I’ll say it again – Biden was a huge disappointment.
Biden also was the one who made loan non-forgiveness his signature piece of legislation in the 2000s. Maybe realized the folly of his ways but his offset was a drop in the fucking ocean.
I hope she gets that golden email, I really do.