Posted on 05/08/2023 12:09:59 PM PDT by CFW
The Education Department on Monday said over 615,000 student-loan borrowers have had debts forgiven through the Public Service Loan Forgiveness program since October 2021 due to policy changes made by the Biden administration.
The government has forgiven a total of $42 billion in loans for public servants since October 2021, the department said.
"This is a result of the temporary [Public Service Loan Forgiveness] changes made by the Biden-Harris Administration that made it easier for borrowers to reach forgiveness," the department also said. Under the Trump administration, 7,000 borrowers were approved for the forgiveness program
(Excerpt) Read more at justthenews.com ...
In this case, it is a lawful program that includes a minimum of “public service” employment with promised forgiveness (not a new program). BUT - he changed the internal rules of the existing program to loosen up requirements.
It’s not “forgiveness.” No sin has been committed. It’s a handout from the government (taxpayers) to people whose votes biden wants to get.
He has no right to do that, and so it’s illegal.
Loan forgiveness for PUBLIC servants!
It’s not like they don’t have jobs to pay back the loan. Public servant means government job. This means you will never be fired or laid off. Just another reparations program. /spit
This is a result of the temporary [Public Service Loan Forgiveness] changes made by the Biden-Harris Administration that made it easier for borrowers to reach forgiveness,” the department also said. Under the Trump administration, 7,000 borrowers were approved for the forgiveness program.
The program allows public employees such as teachers and members of law enforcement as well as non-profit workers to pay their student loans for 10 years before being eligible to have the remaining balance forgiven.
Apparently the president has some legal authority regarding this “public service loan forgiveness” policy.
And this is completely separate from the legal cases over the massive loan forgiveness the administration wants to give people.
Don’t see him giving away any of his. How unfair is it for a person who didn’t go to college pay for someone who did?
I put this is the same bucket as the mortgage plan — charge extra to those people with good credit, so that the people with bad credit can get a sweetheart deal.
A college graduate worked and avoided loans? Or managed to pay off their loans? Screw them. They get nothing. But the people who have racked up the big debts? Have we got a sweetheart deal for them!
Bkmk
It’s a government of the government, for the government, and by the government. They want your money and not your opinion.
We are being ruled by the federal government now that they have paid off every state and local public agency. What a horror when I look at my tax bill.
2 can play. Let me take $100k out of my IRA tax free. It’s only fair.
Heck, it’s all about the Deep State...which term means the well distributed administrative state, also meaning that a lot of “peons” have a financial stake in it (their paychecks).
So giving them a few perks at the expense of everybody else to keep them happy is no problem, right?
Pretty sure a forgiven loan amount is considered taxable income so there’s that at least.
Didn’t a Fed judge put the kibosh on this?
Another late and low blow from the liberals.
I got a forgivable loan over 45 years ago. I had to send proof of employment in a covered field to get the loan cancelled. I never had to declare the cancelled loan as income.
I believe SloJo just expanded the covered employment to include Starbucks and Popeye’s Chicken.
Gets me pi$$ed when I read this kind of crap. I had to work 2 jobs to pay for my BS degree. Now I am paying for someone else.
Another 615,000 parasites on the pay roll.
So, they work for the government and they get their college debt forgiven, and those of us who do not work for the government whether we went to college and paid for it or didn’t go to college get to pay for the government worker loan forgiveness.
There is no loan forgiveness, they just moved it off of government workers on to everyone else. Another F-ing taxes raid to buy f^^king votes.
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