President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
Well, I’d imagine the people who went to cheap colleges are probably the ones who are in shitty situations.
You’re basically telling me that I shouldn’t be allowed to have relief payments, even after I had to forfeit having a real college experience? Guess I could’ve just went to a expensive college and begged for the government to save my ass.
Choosing to go to a expensive college is 100% that persons choice, why should we be obligated to pay their debt? What are you on about?
What are you on about? They’ve paid their debt, they’re still paying the interest on the debt. These are people in the public sector, went into debt to help make society better, and the people profiting off that debt are profiting a little less.