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submitted 1 month ago by MicroWave@lemmy.world to c/news@lemmy.world

The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.

The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.

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[-] partial_accumen@lemmy.world 43 points 1 month ago

The problem with this debt forgiveness by a thousand cuts is spending hours researching it then finding out you arbitrarily don’t qualify because some highly technical reason.

Are you saying because this doesn't help everybody then it shouldn't be allowed to help anybody?

[-] Feathercrown@lemmy.world 20 points 1 month ago

I hate that logic so much, it's taking over this whole platform

[-] gastationsushi@lemmy.world 4 points 1 month ago

Are you defending a politician's fix to a broken system with dozens of highly specific and hard to understand reforms?

If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I'd prefer the broad reform even if I didn't personally qualify. Democrats are our only hope and if they stop tripping over their own feet it will be better for everyone.

[-] partial_accumen@lemmy.world 12 points 1 month ago

Are you defending a politician’s fix to a broken system with dozens of highly specific and hard to understand reforms?

Are you not informed about the political realities and the limits of power of the Executive branch?

If Biden had the choice between one broad fix that was easily communicated vs dozens of micro reforms; I’d prefer the broad reform even if I didn’t personally qualify.

I think we all would, and Biden tried the big broad fix. The Supreme Court shot it down in June of last year:

Supreme Court strikes down Biden student-loan forgiveness program

"By a vote of 6-3, the justices ruled that the Biden administration overstepped its authority last year when it announced that it would cancel up to $400 billion in student loans. The Biden administration had said that as many as 43 million Americans would have benefitted from the loan forgiveness program; almost half of those borrowers would have had all of their student loans forgiven."

source

So instead of doing nothing, Biden is working within the limits of the power he does have to provide student loan forgiveness. Yes its patchwork, yes we'd like a broader application of student loan forgiveness. He tried. Its not in his power.

[-] gastationsushi@lemmy.world 1 points 1 month ago

The president is the most powerful person in this country. He is explicitly empowered by Congress to forgive student debt. The only actor here that is limited in power is our SCOTUS who constantly over step their bounds, make up judicial theory out of whole cloth, or ignore their own rules.

How come I never hear the experts say they are limited power in these executive vs judicial debates?

[-] partial_accumen@lemmy.world 8 points 1 month ago

The president is the most powerful person in this country.

The office is, yes. It still doesn't mean he's an all powerful king. We have power divided into 3rds to provide checks and balances. The Executive is only 1/3rd.

He is explicitly empowered by Congress to forgive student debt.

I'd like a citation on that claim.

The only actor here that is limited in power is our SCOTUS who constantly over step their bounds,

Then why are you complaining that Biden isn't doing enough?

[-] Zaktor@sopuli.xyz 3 points 1 month ago

He is explicitly empowered by Congress to forgive student debt.

I’d like a citation on that claim.

That part is correct, but the Supreme Court will probably make up some fake "major questions" to deny it.

https://www.warren.senate.gov/imo/media/doc/Ltr%20to%20Warren%20re%20admin%20debt%20cancellation.pdf

Amongst the general powers conferred by Congress to the Secretary in the HEA is the power to “enforce, pay, compromise, waive, or release any right, title, claim, lien, or demand, however acquired, including any equity or any right of redemption.” 20 U.S.C. § 1082(a)(6)

[-] gastationsushi@lemmy.world 2 points 1 month ago* (last edited 1 month ago)

Funny you bring up a king. Biden is empowered by congress to forgive debt, people broadly support student debt relief. How is forgiving debt acting like a king in this circumstance?

I think you are confusing the actions of the unelected SCOTUS who routinely takes actions against the will of the people. If Biden wants to stop unilateral actions, he literally needs to fight against this far right SCOTUS.

Why are you arguing about student debt relief if you don't know the law that empowers POTUS? It's cited by Biden himself, but you can google yourself, you might learn something.

[-] partial_accumen@lemmy.world 7 points 1 month ago

Biden is empowered by congress to forgive debt

I asked for a citation on this. Show me where you're seeing that please.

It’s cited by Biden himself, but you can google yourself, you might learn something.

You make the claim, you've got to back it up.

I think you are confusing the actions of the unelected SCOTUS who routinely takes actions against the will of the people.

I'm not a fan of the current make up of the SCOTUS, but its never been their job to represent the "will of the people". Their job is to interpret laws written by the Legislative Branch and signed into by the Executive.

I don't think you have a good grasp of the basics of our system of government.

If Biden wants to stop unilateral actions, he literally needs to fight against this far right SCOTUS.

If you're looking for insurrectionists, you'll find them on the Conservative side.

[-] gastationsushi@lemmy.world 2 points 1 month ago

When the trifecta of the president, congress, and the voters all disagree with the courts, why can't they act against them? And who exactly can act against SCOTUS?

No liberal or progressive should spend time defending this deeply undemocratic judicial branch.

[-] partial_accumen@lemmy.world 3 points 1 month ago* (last edited 1 month ago)

When the trifecta of the president, congress, and the voters all disagree with the courts, why can’t they act against them? And who exactly can act against SCOTUS?

Congress disagrees, specifically the House of Representatives, and "all the voters" currently disagrees with SCOTUS? Huge citation needed.

No liberal or progressive should spend time defending this deeply undemocratic judicial branch.

"No true Scotsman", eh? I'm pointing out the rules in our Constitution for how our government works.

We have a peaceful transfer of power during administration changes. I don't understand how you are so quick to try and throw that away. Thats what Trump tried to do on Jan 6th. Why are you suggesting following his playbook?

[-] gastationsushi@lemmy.world 2 points 1 month ago

As I said before, congress passed a law that allowed presidents to forgive debt, are you saying congress didn't support that?

Go read Biden's own citations, on where he gets power if you are interested.

Stop ignoring SCOTUS, where did they get their power, it certainly wasn't our constitution. You are out here with a white glove looking for faults in everything but the Roberts court. The most corrupt court we've had in my lifetime.

[-] partial_accumen@lemmy.world 3 points 1 month ago

As I said before, congress passed a law that allowed presidents to forgive debt, are you saying congress didn’t support that?

For the third time point to valid source.

"what can be asserted without evidence can also be dismissed without evidence" -Hitchens

Consider yourself dismissed. You're dancing from point to point as soon as your current point is too weak. I'm guessing you'll just do that forever because your arguments are too weak to defend. Feel free to reply to oblivion. I won't be replying. Have a nice day.

[-] gastationsushi@lemmy.world 1 points 1 month ago

Just look up the law the Biden administration cited in his original debt relief and his response to SCOTUS.

Why would you argue with someone online about student debt forgiveness when you don't even know basics like the law Biden cited.

this post was submitted on 22 May 2024
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