Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

SheltieLover

(57,073 posts)
Thu Sep 16, 2021, 10:39 AM Sep 2021

Yes, the Biden administration has eliminated more than $9B in student debt but that's less than 1% o

https://www.localmemphis.com/mobile/article/news/verify/education-verify/biden-administration-cancelled-forgiven-discharged-eliminated-9-billion-student-debt-1-percent-total-debt/536-2bcd1da7-66f1-408a-9832-244e4a7e9a20

President Biden’s Department of Education has focused on “discharging” student loans for borrowers affected by permanent disability or school closures.

Within the first month of President Joe Biden’s tenure in office, Congressional progressives began pushing for the president to cancel $50,000 in student loan debt for all borrowers. The issue of student debt cancellation has remained salient ever since.

So when news outlets reported in late August that Biden’s administration had canceled over $9 billion in student loan debt since January, people noticed. That led to a viral tweet that asked the question, “For who?”

More at link.
Latest Discussions»General Discussion»Yes, the Biden administra...