Official Student Debt Cancellation Watch Thread

A.R.$

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Chuck Schumer supports wiping out $50,000. I would prefer all student loan debt be forgiven, but I will take it. This is something that will make a real difference in people lives. We will more than likely have a Republican senate, so this is probably one of the best policies that we can realistically hope for during Biden first (and probably only) term. Also shoutout to all the progressive activists/candidates that helped to make this a mainstream policy agenda for the Dems.
 

A.R.$

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I’m in the 30s

Grad school debt.
That grad debt is a bytch. It was a catch 22. Either don’t go to grad school and be stuck at a dormant position/salary, or go to grad school and make more money, but be saddled with a ridiculous amount of debt. I choose the latter:manny:
Joe/Dems might actually get more young people to the polls if they do this.
 

AquaCityBoy

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I saw a thread on r/Enough_Sanders_Spam where they were mad Chuck Schumer said this. Talmbout, "How dare you talk about executive orders without checking with Biden first, a$$hole?" :mjlol:

Of all the reasons to hate Chuck Schumer (of which there are many), this ain't it. :mjlol:
 

hashmander

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If Biden used executive action to cancel student loans, there would likely be legal challenges (based on a Separation of Powers argument), which could delay any such student loan forgiveness for borrowers.
got to start playing this politics game at the pro level.

do it via executive action and when the republicans take it court to stop it, you have an argument in the mid-term of why republicans need the boot.
 

FAH1223

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got to start playing this politics game at the pro level.

do it via executive action and when the republicans take it court to stop it, you have an argument in the mid-term of why republicans need the boot.
Trump via executive order suspended student loan payments in August through end of this year.

A Dem POTUS could argue that authority plus Trump canceling debt for 25,000 vets is one and the same.
 
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