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re: Biden announces more college debt forgivness

Posted on 3/23/24 at 2:19 am to
Posted by LordSaintly
Member since Dec 2005
38918 posts
Posted on 3/23/24 at 2:19 am to
He doesn’t, but that’s not what he’s doing. He’s taking credit for something GWB and Congress did years ago.
Posted by LSULaw2009
Baton Rouge
Member since Feb 2008
1696 posts
Posted on 3/23/24 at 2:20 am to
quote:

Show us the law that gives the president the ability to cancel a debt.



college cost reduction and access act of 2007

20 USC 1087e(m)

PSLF is a program set up by Congress and signed into law by President George W. Bush.

Most of the forgiveness claimed is PSLF. Congress also set up some loan discharge programs for those permanently disabled or where the college (shady for profits) in question defrauded it's students.
Posted by Csmims
Orange Beach Alabama
Member since Jan 2019
1845 posts
Posted on 3/23/24 at 4:32 am to
I know numerous people with college loan debt. Don’t know anyone who has received debt forgiveness.
Posted by dafif
Member since Jan 2019
5603 posts
Posted on 3/23/24 at 4:53 am to
quote:

I know a few who have recently via the PSLF. I


Hey idiot- it's a law that allows and requires the loan to be reduced. So Biden has nothing to do with it. His statement on forgiveness is a lie if it is through this program. The people automatically have it done without him doing anything.
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