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How Biden is continuing to cancel student loan debt despite Supreme Court ruling (www.cnn.com)

submitted 1 year ago by [email protected] to c/[email protected]

64 comments fedilink hide all child comments

Although the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program in late June, his administration has found ways to cancel more than $48 billion in debt since then.

The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges, and borrowers who have paid for at least 20 years.

These programs are separate from the rejected forgiveness plan, which would have canceled about $430 billion of the $1.6 trillion of outstanding federal student loan debt all at one time.

The Biden administration has been granting student loan forgiveness through these existing programs on a rolling basis since coming into office and has discharged a total of $127 billion for nearly 3.6 million people to date.

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[–] [email protected] 4 points 1 year ago (1 children)

Schumer is the senate majority leader, he is the person who can bring things to a vote in the Senate. AOC should have focused her lobbying on the chamber of Congress she is a member of to bring a vote on a bill. Or even draft a bill for committee. Not just exhort the president to a course of action that was unlikely to proceed. I'm sure they did it either because they knew they didn't have the votes, or to protect Dems in vulnerable seats. Either way, they shouldn't have pushed their portion of the governments responsibility to the executive.

[–] [email protected] 1 points 1 year ago (1 children)

Schumer is the senate majority leader, he is the person who can bring things to a vote in the Senate.

And he knew that thanks to centrists, he didn't have the votes.

AOC should have focused her lobbying on the chamber of Congress she is a member of to bring a vote on a bill.

Was it Pelosi or AOC who decided which bills come to the floor? I get that you want to blame AOC for centrists' resounding success in blocking loan forgiveness, but it's a stretch at best.

Biden is still trying and not giving up after the very first setback. It's no wonder members of his own party are primarying him from his right.

[–] [email protected] 1 points 1 year ago (1 children)

As far as I'm aware, Pelosi didn't go in front of the media and online and repeatedly tell the public that Biden could use an executive order. If she did, then I feel the same way about that as the others I listed, who I did see out in the media making those claims.

[–] [email protected] 1 points 1 year ago (1 children)

Ok. Well, I guess anything you need to do to blame AOC.

[–] [email protected] 1 points 1 year ago

I don't blame AOC for student debt not being forgiven. I do blame Congress as a whole, and I find fault in Schumer, AOC, and others who shifted blame to Biden. Even at the time numerous independent legal experts had said that it would be unlikely to succeed through executive action, and so all Schumer and AOC did by publicly calling Biden out was fuel misplaced blame like the person I replied to. I think their energy could have been better spent drafting legislation and publicly calling on Congress to bring a vote to the floor, which I think are fair criticisms.