President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.

From Bloomberg News reporters Justin Sink and Akayla Gardner:

President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.

The move — which represents the cancellation of $4.28 billion owed on federal loans — pushes the total number of individuals who have received relief under Biden administration programs to nearly 5 million, the White House said. In total, about $180 billion has been forgiven.

  • Zaktor@sopuli.xyzEnglish
    0·
    3 days ago

    He announced a broad cancellation that was going to happen months in the future, and the courts paused and then later said it wasn’t allowed. If it had progressed very quickly it would have been harder to block. One could argue it was intended to give the court a chance to block it.

    This current forgiveness is an executive order, so if it’s not completed by the time Trump is the executive he can stop it easily.

    • Midnitte@beehaw.orgEnglish
      0·
      3 days ago

      Also even his repayment plan was sued and blocked :/

      Blocking the SAVE plan is an absolute scam. “Sorry, not scamming students is unconstitional”