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[-] Mac@mander.xyz 17 points 21 hours ago

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

[-] brandon@piefed.social 35 points 21 hours ago* (last edited 21 hours 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 18 points 20 hours 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.

[-] wonderingwanderer@sopuli.xyz 11 points 19 hours ago

Because the paycheck loans were being abused by members of congress and wealthy business owners...

[-] Funkt4st1c@lemmy.world 6 points 19 hours ago

Mohela. Missouri argued theyd disproportionately lose out on profits

[-] onlyhalfminotaur@lemmy.world 4 points 14 hours 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 20 hours 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 6 points 18 hours 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 2 points 16 hours 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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