Chuck Darwin on Nostr: The Biden administration has reached a major milestone in its pursuit of expansive ...
The Biden administration has reached a major milestone in its pursuit of expansive student debt relief,
announcing on Thursday that over one million people have had their federal student debt canceled through a program that offers forgiveness to public service workers.
For President Biden, whose student debt agenda has been repeatedly handicapped by Republican legal challenges,
the announcement marked a modest but undeniable achievement.
With just weeks until the election, the administration has reported approving around $175 billion in total student debt relief for nearly five million borrowers through all the actions taken during Mr. Biden’s presidency.
Those numbers reinforce the central conundrum Mr. Biden faces on student debt.
He has fallen far short of the sweeping $400 billion in loan cancellation for as many as 45 million borrowers he originally sought.
But even as that has left some supporters disillusioned,
he has provided far more debt forgiveness through a variety of smaller measures than any previous president.
https://www.nytimes.com/2024/10/17/us/politics/student-loans-public-service.html?smid=nytcore-ios-share&referringSource=articleShare
announcing on Thursday that over one million people have had their federal student debt canceled through a program that offers forgiveness to public service workers.
For President Biden, whose student debt agenda has been repeatedly handicapped by Republican legal challenges,
the announcement marked a modest but undeniable achievement.
With just weeks until the election, the administration has reported approving around $175 billion in total student debt relief for nearly five million borrowers through all the actions taken during Mr. Biden’s presidency.
Those numbers reinforce the central conundrum Mr. Biden faces on student debt.
He has fallen far short of the sweeping $400 billion in loan cancellation for as many as 45 million borrowers he originally sought.
But even as that has left some supporters disillusioned,
he has provided far more debt forgiveness through a variety of smaller measures than any previous president.
https://www.nytimes.com/2024/10/17/us/politics/student-loans-public-service.html?smid=nytcore-ios-share&referringSource=articleShare