It's not really "The President". He's just taking credit for it, although his admin is the one administering the program.

This is the PSLF program, which was signed into law in 2007.. It takes 10 years of employment in certain sectors, so the first generation wasn't ready for forgiveness until 2017. The DOE was in shambles and fricked up the initial forgiveness and it's been cleaned up since then.

Now there is a constant flow of people with the 120 qualifying payments, so every time a new batch is approved, partisans report it as "Biden" forgiving it. Right-based partisans do it to imply he's breaking the law (violating the USSC ruling on a completely different forgiveness action). Left-based partisans do it to prop up Biden for the election.

quote:
Please cite the law that says that.

LINK

*ETA: self-correction on page 2

This post was edited on 4/12/24 at 8:45 am

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Posted by Bjorn Cyborg

Member since Sep 2016

27214 posts

Posted on 4/12/24 at 8:46 am to SlowFlowPro

quote:
This is the PSLF program

This round of loan forgiveness is based on the Biden "SAVE Plan" which in no way references or is related to the PSLF program, as far as I can find. I've read the entire document.

There is no reference to government or non-profit employment as a requirement for eligibility.

They are trying to forgive 277,000 borrowers. You think that many are reaching their 10 year mark just from government and non-profits?

C'mon Man!

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Posted by Paddyshack

Land of the Free

Member since Sep 2015

8593 posts

Posted on 4/12/24 at 8:48 am to SlowFlowPro

So you have to make 10 years of qualifying payments, and currently be employed by the government or a not for profit?

And there’s 300k+ who qualify for that? To the tune of $7.4 billion?!?

And you believe that is what’s happening?

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