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As someone who has to pay back half of my COVID relief but so many rich people and corporations don't- I feel this deep in my black soul.
$7000 on top of my student loans👍
Quick question? How come you gave to pay half of it back? On what grounds?
I made a $10,000 payment to close out mine a few years ago. Turns out I was right that Biden wouldn't do anything meaningful on that front, and I was tired of being gouged on the interest.
I still support cancellation though. I wish we were spending 200 billion on that instead of another country's war.
You should take a second to look up who is in the way of that happening, because it sure as hell isn't Biden.
It isn’t Biden, who single-handedly struck a deal as a congressman to ensure students couldn’t declare bankruptcy due to crushing student loan debt? Huh.
I don't think the above users meant 1976 when they were talking about Biden's actions on Student Loans. Just a hunch. Also, technically, Student Loans are dischargeable by Bankruptcy starting 5 years into repayment or sooner in the case of undue hardships.
That was a long time ago so it isn't relevant to Biden now /s
well they sure as fuck stopped trying
Nonsense.
They can't help everyone, or even the majority, but they're helping as many people as they can.
Federal student loans were not accruing interest when Biden took office. Now they are. They could have helped everyone by not raising the interest rates.
They weren't accruing interest because of COVID. Do you think Biden could have unilaterally kept it at 0% indefinitely?
He absolutely has that power.
Instead he signed a deal to bring it back if Republicans ratified the budget, and oh look at that - it still isn't ratified yet.
Gotta up hold my end even if they don't up hold theirs.
At minimum he could have tried.
One of the other replies mentioned a recent 5 Bn USD forgiveness of Student Debts, but actually the total amount the Biden Admin has forgiven is 132 Bn USD through various means. They also still plan to go through with the full forgiveness that was initially blocked by Conservative State Attorneys and the Supreme Court on June 30th, in total it will forgive 430 Bn USD.