Biden forgives more than $6 billion in loans for 317,000 Art Institutes students

npr.org ^ | MAY 1, 202412:55 PM ET | By C Mandler

[airdalecheif]

Biden announced on Wednesday that the White House would forgive more than $6.1 billion on student loan debt for 317,000 borrowers who attended The Art Institutes, a private art school system in the U.S. that shuttered last year

[vpintheak]

Must be that these people get checks that “we” give them, and they use it to pay their debt. So we pay, banks get their money, the thievery continues.

[woweeitsme]

My wife went back to a technical school to become a nurse at 39 years old. She busted her tail studying AND working part time while we had 3 kids who were 8/10/12 years old. We took out a loan for her schooling and PAID IT BACK.

Why should WE have to pay for people to go to the Art Institutes??? Anyone going to the Art Institutes should have known what they were getting into.

[Fresh Wind]

More vote buying by the Buydung regime, this time bailing out idiots who fell for a scam. Will they also bail out fools who sent money to phone scammers in India?

[ronnie raygun]

Useless individuals that will contribute nothing to the economy or society, perfect

[yldstrk]

Buying votes.

[Sacajaweau]

The government shouldn’t be in the school loan business. Kill it once and for all.

[Keyhopper]

Trades don’t need loan forgiveness

[AbolishCSEU]

He’s going for the Ira Einhorn Class vote.

[Shady]

Where they always are, at Lunch.

[Eleutheria5]

What about the Devry Institute of Technology? And Joe Scaramuccibambino’s plumbing apprenticeships? He promised to “hook me up wit da boss”.

[Mouton]

I believe it was pelousy who when chirping on about people should get guaranteed income so they would be free to do the things they wanted to do rather than working. This is an extension of that concept.

[Eleutheria5]

You just landed on Boardwalk, and I got a Monopoly and five hotels there. So pay me a trillion bazillion dollars.

[Vermont Lt]

Banks don’t do student loans any more. The Feds took over the program after the 2008 financial crisis. Obviously, the Feds cannot forgive private loans. They are forgiving the Federal Loans.

[Reno89519]

Forgiving valid loans. That is wrong. If they were simply forgiving the interest, making these interest-free, that would be supportable, but to simply forgive them overall, no way.

[whitney69]

This must have pleased Pelosi to an “O”

wy69

[Vermont Lt]

I am just explaining. Don’t interpret that as support.

[Reno89519]

Understood. I can’t imagine anyone on FR supporting blanket loan forgiveness.

[Nuocmam]

Maybe he’ll figure out a way to reimburse me for the tuition I paid in the 60s when I worked the midnight shift so that I could go to college.

[logi_cal869]

[chopperk]

Thought it was The Congressional branch of gov’t to manage money. Seems Obozo is running things.