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Message
re: Biden announces more college debt forgivness
Posted on 3/21/24 at 7:26 am to RoosterCogburn585
Posted on 3/21/24 at 7:26 am to RoosterCogburn585
quote:
Could you point to the specific law that gives the president the power to do this?
PSLF
quote:
If you’re employed by a government or not-for-profit organization, you might be eligible for the PSLF Program. The PSLF Program forgives the remaining balance on your Direct Loans
after you’ve made the equivalent of 120 qualifying monthly payments under an accepted repayment plan, and
while working full-time for an eligible employer.
Here is a pres release from an hour ago
quote:
The Biden-Harris Administration announced today the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF). Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $143.6 billion for 3.96 million Americans. This action builds on President Biden and his Administration’s efforts to provide debt relief to as many borrowers as possible as quickly as possible.
5
Posted on 3/21/24 at 7:28 am to SlowFlowPro
Man, you sure do work tirelessly defending Pedo-Joe and his Democrat Acolytes....considering you are a hardcore Libertarian and all.... 
Posted on 3/21/24 at 7:38 am to SlowFlowPro
Lol SLOW quoted a govt propaganda website as law......geezus
Posted on 3/21/24 at 7:57 am to SlowFlowPro
quote:
These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF).
If this program already exists and the law is merely working as intended, what did he need to "fix"?
Posted on 3/21/24 at 11:50 am to SlowFlowPro
From reading this article, it doesn’t look like Biden did anything. It looks like the loan servicer finally got caught up and fixed mistakes on peoples PSLF. Even though people weren’t required to make payments for the COVID years, those years still counted toward PSLF if you applied for it.
Posted on 3/21/24 at 12:31 pm to SlowFlowPro
quote:
The Biden-Harris Administration announced today the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers
That works out to about $74,650 per person.
quote:
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $143.6 billion for 3.96 million Americans
This is about $36,250 per person.
My math has to be wrong, someone please correct me. What in the frick are we doing? These people won the lottery.
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