Biden is withdrawing his broader student-loan forgiveness plans that were set to cancel debt for over 38 million borrowers

IIVI

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Biden’s last year was a mess honestly. The Kamala loss and all the news coming out after that, the shade, etc. now this stuff.

Still will be miles better than what Trump is about to do, but with companies and big money owning both aisles of government, what do you expect?
 
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Anything that could benefit nikkas or the working class in general won’t get passed by Dems and they will blame the conservative side of the government for blocking their efforts……. While Trump on the other hand has sidestepped certain protocols and used unorthodox methods to get shyt to go his way……. :smh: If you voting Democrat right about now, you can effectively say you might be voting for a candidate that’s not willing to fight for their voting demographic and constituents
 

#BOTHSIDES

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Wasn’t that supposed to be the case for like 20 years already? I remember states/gov having programs for if you taught (usually in an inner city school, etc) they’d forgive your loans… not only education but some other industries too… but I heard a lot folks weren’t getting their loans forgiven… is he finally following thru? I think this kinda goes with @Pazzy ’s post..
 

Afro

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Didn't they only forgive Government employees? Or did I miss something?
 
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Wasn’t that supposed to be the case for like 20 years already? I remember states/gov having programs for if you taught (usually in an inner city school, etc) they’d forgive your loans… not only education but some other industries too… but I heard a lot folks weren’t getting their loans forgiven… is he finally following thru? I think this kinda goes with @Pazzy ’s post..
The PSLF program? Yes, it already existed, but its flawed implementation lead to most borrowers being denied forgiveness for various reasons. That changed under this administration. They actively worked to fix those systemic issues. They expanded access after facing roadblocks trying to get broader forgiveness in place after GOP-led obstruction. They also simplified the PSLF program and introduced initiatives that gave waivers to people who applied in the past but didn't get relief. The process was streamlined to make is easier for people to meet the requirements too. The concept might not be new, but this administration shifted the system to make forgivness a tangible reality for over 5m people.

Didn't they only forgive Government employees? Or did I miss something?
Pretty much, yeah. Most of the forgiveness so far has been for public service workers like government employees, teachers, healthcare workers, and so on.
 

Htrb-nvr-blk-&-ug-as-evr

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Loan forgiveness is one of those “tangibles” y’all negroes keep yapping about not getting. Mostly minorities with no money to attend school have loans and a lot of those folks got relief.
 

™BlackPearl The Empress™

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Are you a federal employee? Teacher? Etc?
Nope. Nope. Nope.

I just deferred that shyt for years.

Literally took a tax course and took the test to be a tax preparer with the IRS. Learned how to use my business to reduce my taxes and deferred.:pachaha:

I did battle with Navient like 10 years ago and got 15k discharged. Got an almost free education between that and the forgiveness.

I just changed my plan to the plan Biden created for forgiveness, and shortly after, it was forgiven. All the deferred years counted towards forgiveness.

The American public doesn't read shyt. I got probably 80k in legal (I don't scam) benefits from the last 5 years because I took time to read the programs and apply.

Between being educated on taxes and just applying to programs or educating myself on certain aspects of the law, I probably received/saved over 150k over the years.

But people will sit on this forum and call me stupid, though.

:mjlol:
 
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No Ma’am

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: "fukk them kids."
 

the cac mamba

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Didn't they only forgive Government employees? Or did I miss something?
i think they tried to forgive people who had been paying for 10 years, and there's already a program where gov employees who pay on time for a while get them forgiven

republicans are always crying about people not having kids. if dems were smart, they'd talk up that angle more
 

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Nope. Nope. Nope.

I just deferred that shyt for years.

Literally took a tax course and took the test to be a tax preparer with the IRS. Learned how to use my business to reduce my taxes and deferred.:pachaha:

I did battle with Navient like 10 years ago and got 15k discharged. Got an almost free education between that and the forgiveness.

I just changed my plan to the plan Biden created for forgiveness, and shortly after, it was forgiven. All the deferred years counted towards forgiveness.

The American public doesn't read shyt. I got probably 80k in legal (I don't scam) benefits from the last 5 years because I took time to read the programs and apply.

Between being educated on taxes and just applying to programs or educating myself on certain aspects of the law, I probably received/saved over 150k over the years.

But people will sit on this forum and call me stupid, though.

:mjlol:
Wow!!! 🤯 :salute: :blessed: :blessed:
 

richaveli83

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You're right that Biden contributed to this current system with his support for the Bankruptcy Abuse Prevention Act, and he should be condemned for it, but his administration has also taken significant steps to alleviate the burden by canceling student loan debt for over 5 million borrowers, and to the tune of $127 billion in relief through these programs. Your critique is justified, but your lying about the current loan forgiveness attempts, is not. Acknowledging one aspect, while dismissing the other, just comes off as partisan. 🥁

Claiming the current relief efforts were a "cruel joke" ignores how the GOP-led opposition actively obstructed these plans in court, too. Despite that, they still pursued multiple avenues for relief and actually succeeded in some. If anyone is responsible for the failures of broader relief, it's the GOP-led states and lawmakers who actively obstructed these efforts through lawsuits and partisan resistance. Where's the smoke for Andrew Bailey, Leslie Rutledge, Christopher Car, Steve Marshall, Ashley Moody, Drew Wrigley, Dave Yost and the rest of the red state Attorney Generals and Governors? And the incoming administration? It's like y'all are afraid to acknowledge the opposing force that's responsible for why we're here.

As far as this article, this withdrawal is a a precautionary move to avoid leaving an incomplete framework in place that could be misused or reinterpreted. Remember, Trump already said he was going to go after these programs to force people who had their loans forgiven to reverse them.
Could he legally do that?
 
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