Biden admin is forgiving $9 billion in debt for 125,000 Americans. Here's who they are.

See BS ^ | October 4, 2023 | AIMEE PICCHI

[ConservativeInPA]

The Biden administration said it is forgiving $9 billion in student debt for 125,000 borrowers, a move that comes as student loan repayments are starting up again this month after a hiatus of more than three years.

The debt cancellation is the latest push from the White House to erase some student loans in the wake of the Supreme Court's June ruling. The 6-3 decision by the court's conservative majority invalidated the administration's plan for broad-based student loan forgiveness, which would have helped more than 40 million borrowers erase up to $20,000 each in debt.

With that debt forgiveness plan struck down, the Biden administration has focused on other methods for relieving student debt, including creating a new income-driven debt repayment (IDR) plan as well as outright forgiveness for some qualified borrowers. Meanwhile, with millions of student borrowers resuming payments this month, there are reports of problems with loan servicers, ranging from long wait times for callers to customer service reps who can't answer questions.

[Magnum44]

How many times is this ILLEGAL relief attempt by Biden going to be tolerated?

[rktman]

I only need about 100k. Where’s my check joe? Oh, NOT for that. Okay.

[null and void]

All of them...

[eyeamok]

This is when the new temporary Speaker forces legislation to Mandate $20 Billion in immediate cuts to the Executive Branch to pay for this.

[cgbg]

The headlines and the fine print do not match.

Borrowers affected by the plan must be current—most of the folks who would be helped by it are not current.

[Vaduz]

Gov. revenue is down 10% and Gov. spending up 10% a 20% spread and Biden squandering money like there’s no tomorrow.

Get out of debt by spending it’s the democrat way.

[texas booster]

Works out to about $72,000 per borrower.

I only favor cancelling student debt for engineers.

Never, ever for any government employee.

[Tell It Right]

For the Dims it's not about whether or not the student debt will be canceled. It's all about the optics about being perceived as trying to do so against the wishes of those dastardly Republicans.

I promise you there are many Dims who are glad the prior attempts at student debt cancellation were shot down so they can keep the topic alive.

[texas booster]

Public servants: About 53,000 borrowers who are enrolled in Public Service Loan Forgiveness programs will get $5.2 billion in forgiveness, according to the Education Department. These programs are open to people who work for the government or nonprofit organizations, with forgiveness available after 120 qualifying monthly payments and while working full-time for an eligible employer. These types of workers include teachers, law enforcement professionals and social workers.

People in IDRs: About 51,000 borrowers enrolled in IDRS and who have $2.8 billion in debt will get relief. IDRs reduce student loan monthly payments by pegging a person's payment amount to their income, but the Biden administration has said some of these programs hadn't accurately tracked payments made under the plans. Because of this, the Education Department said it is reviewing the plans and discharging debt for some borrowers who have been in repayment for more than 20 years but "never got the relief they were entitled to."

Disabled borrowers. Another 22,000 borrowers with $1.2 billion in debt who have a total or permanent disability will get their debt discharged. The Education Department is finding these borrowers through a data match with the Social Security Administration.

I do not accept the premise of the argument that ANY of these borrowers receive any debt forgiveness.

But I notice that there has never been a request to forgive loans for any of the Parent Loans. I know of two families where the mom is on social security and is still having to pay for a good for nothing child.

[Jewbacca]

Engineers are gainfully employed and pay their loans.

[texas booster]

Which is why I mentioned engineers.

I suspect that their loan default rate is even lower than the default rate for doctors.

[AZJeep]

Public Service
_____

Thanks to the big Government public service pays more than average.
So we should support Loans for Bureaucrats?

[Governor Dinwiddie]

An apprentice tradesman starting out in his career has to invest in a boatload of tools—
$6K, $8K, $10K, maybe more in some cases. Where are the checks for these guys? They
have to take loans out to get set up in their trade; why should someone taking "lezbian
wymyn studies" get a free pass, while someone who actually contributes to the economy
and the tax base gets screwed over?

[ncfool]

Biden is destroying America and American confidence in the economic system. He is trying collapse the economy creating a dependent state.

BUYING VOTES

[ncfool]

Biden is destroying America and American confidence in the economic system. He is trying collapse the economy creating a dependent state.

BUYING VOTES

[ncfool]

Biden is destroying America and American confidence in the economic system. He is trying collapse the economy creating a dependent state.

BUYING VOTES

[cgbg]

“with forgiveness available after 120 qualifying monthly payments”

Yup—that is the “catch”—and it is a big one—has to rule out a large number of potentially eligible borrowers.

[lurk]

Congress can just take that $9B out of next year’s White House budget.

[LouAvul]

That settles it. All in Congress are nothing but lazy, self-serving pimps and whores. I'll come out of my cave to vote, if Trump runs. But otherwise, this charade is doomed.

Trump couldn't even get the wall built. But whoever is calling the shots (no, it's not that ghetto fool O'Bummer) has pedo retardo joe signing the bills, no questions asked.