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Biden administration forgives $39 billion in student debt for more than 800,000 borrowers (www.cnbc.com)

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

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[–] [email protected] 30 points 1 year ago (18 children)

It is great but as long as new debt will be immediately acrued by current students this is just a temporary fix. Or is there anything planned how to deal with that?

[–] [email protected] 5 points 1 year ago

If you guys would take the time to read the article you would see that this is not the same debt forgiveness plan as before. The plan cancels the debt remaining for students who have been making payments for 20 years. It's not a one time action but will be available to anyone in the future under the same circumstances.

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