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[-] Mac@mander.xyz 19 points 1 day ago

Didn't Biden start implememting that? Or am i misremembering

[-] brandon@piefed.social 45 points 1 day ago* (last edited 1 day ago)

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.

[-] atomicbocks@sh.itjust.works 22 points 1 day ago

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.

[-] anton 1 points 13 hours ago* (last edited 13 hours ago)

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.

[-] Funkt4st1c@lemmy.world 7 points 1 day ago

Mohela. Missouri argued theyd disproportionately lose out on profits

[-] onlyhalfminotaur@lemmy.world 5 points 1 day ago

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.

[-] mushroommunk@lemmy.today 8 points 1 day ago

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

[-] FudgyMcTubbs@lemmy.world 8 points 1 day ago

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.

[-] pdxfed@lemmy.world 3 points 1 day ago

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.

this post was submitted on 15 Aug 2026
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