Biden Has Canceled Student Debt for Nearly 4 Million

  • gAlienLifeform@lemmy.world
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    9 months ago

    4 out of 45 million, it’s way past time for him to have another universal plan forgiveness plan ready to present because these little individualized efforts are not going to dig us out of this mess

    • 👍Maximum Derek👍@discuss.tchncs.de
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      9 months ago

      The court said the House has to do it. They control the purse-strings. Whether that plan is in the works or not, Johnson won’t let it anywhere near the floor.

      • gAlienLifeform@lemmy.world
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        9 months ago

        The Biden administration made one argument with one executive order the court shot down one time. If they cared about this issue they could issue a new executive order citing different statutory or constitutional authority or a reinterpretation of the same authorities they cited before.

        Biden can and should fight as hard for this as Trump did for his Muslim ban.

        • 👍Maximum Derek👍@discuss.tchncs.de
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          9 months ago

          You mean exactly what they’re doing? It’s mostly a job for Whitehouse lawyers now, deciding just how much they can get through (each time they chip away) without ending up in from of judges again. That’s why every few weeks there another segment of cancellations happening.

          • gAlienLifeform@lemmy.world
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            9 months ago

            No, nothing at all like what they’re doing here, what I’m talking about is completely separate from these individualized cases. We need universal student debt relief that addresses everyone who was victimized by this predatory system. The vast majority are not getting any help and there’s no indication the Biden administration is doing anything about that problem.

              • gAlienLifeform@lemmy.world
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                9 months ago

                Issuing an executive order isn’t a law + the court hasn’t considered other arguments the administration could and should make = Biden isn’t even trying

                Guess that’s day two civics class stuff

                e; better phrasing

                  • gAlienLifeform@lemmy.world
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                    9 months ago

                    Wow, I missed the supreme Court case or legislation that stripped the president of the power to issue executive orders, surely you’ve got a link to that momentous development?

                    e; actually, I think that would take a constitutional amendment

        • Ranvier@sopuli.xyz
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          9 months ago

          https://www.ed.gov/news/press-releases/biden-harris-administration-prepares-third-student-debt-relief-negotiation-session

          Literally what they’re doing right now. Stop spreading misinformation saying they’re not.

          It’s a new rule though, so has to go through the rule making process including public comments and wait period, again. Also has to be more specifically tailored so there isn’t a repeat of the supreme court just striking it down again. If they don’t go through the proper rule making process as laid out by law it’ll also get struck down by the courts (just like all of trump’s stuff did that didn’t follow these rules, mostly because he appointed a bunch of hacks who don’t know how any of this works).

          And saying he only did one thing for student loans that got shot down is very wrong. Besides extending the student loan pause for quite some time, made changes from top to bottom including multiple rounds of new forgiveness and new policies for forgiveness, making pslf forgiveness easier and apply to more people, creating new payment plans that effectively lower interest (without technically changing the rate since that would have to be changed by law), lowering monthly payments, and even automatic granting of forgiveness people are owed but don’t realize (instead of having to sometimes sue to get forgiveness like many people were under the Trump admin).

          https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-sheet-president-biden-cancels-student-debt-for-more-than-150000-student-loan-borrowers-ahead-of-schedule/

          https://www.ed.gov/news/press-releases/us-department-education-announces-transformational-changes-public-service-loan-forgiveness-program-will-put-over-550000-public-service-workers-closer-loan-forgiveness

          • gAlienLifeform@lemmy.world
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            9 months ago

            Literally what they’re doing right now. Stop spreading misinformation saying they’re not.

            From your post

            The text proposes to provide relief in the following circumstances:

            [List of certain kinds of borrowers who will be eligible for relief, excluding many borrowers]

            So, no, the idea that they’re doing universal student debt relief is misinformation. Sadly typical for a lot of Biden supporters to fall for it and then share it around online, we really need more people to read past headlines and push back on propaganda from untrustworthy sources like this.

            • Ranvier@sopuli.xyz
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              9 months ago

              The supreme court said no to the universal plan. The reasoning they cited was that congress did not intend for him to have the power to do that. Dubious reasoning or not, trying the same blanket loan forgiveness again is not going to work. And they were literally before the supreme court, do you honestly think they made “one argument?” There are hundreds of pages of arguments spanning multiple filings, not to mention the oral arguments. Get to reading:

              https://www.scotusblog.com/case-files/cases/biden-v-nebraska-2/

              And yes it is misinformation to pretend this was the one and only thing the Biden admin has done or attempted to do for student loans and ignore everything else that has been done. It’s misinformation to say there’s been “one executive order,” demonstrably very false.

              What the Biden admin is doing right now is exactly what you’re suggesting, seeing what kinds of forgiveness they might be able to get squeaked past the courts since the broad powers in the heroes act have been cut off by the court. The rules aren’t finalized so it’s not clear exactly how broad that new plan will be or what the criteria is. If they re-attempted the same thing with the same terms there’s no way it would stand with the court. If you just want hollow regulations passed that will never actually be implemented to pay lip service before a court strikes them down again, fine. I’d prefer things that will actually get through and have a chance to help people.

              And try and save at least a drop of vitriol for the Republicans who were the ones who stopped the plan in the first place.