If people want 50k or even all of their student debt forgiven

[DemocracyWins202]

then reelect a Democratic majority in Congress in 2022 so they can get rid of filibuster and pass a student relief bill that won't be struck down by the courts. It's that simple folks. I see some people on DU attacking Biden on this he promised 10k that was it and you got it.

[Johnny2X2X]

1. No need anymore

Biden has fixed the student loan debt crisis with his repayment rules announced today. Making the income based repayment plans 5% of discretionary income versus the old 10% halves peoples payments. And redefining discretionary income as 2.25 times the poverty rate income vs the old 1.5 times subtracted from your adjusted gross income means payments are more than halved.

It's a total game changer and a permanent solution.

[ColinC]

3. I disagree that it is a permanent solution

If people die with enormous levels of debt, it doesn't just go away. It becomes their family's problem. On top of that, having the debt on your credit report effects numerous other life opportunities like buying a house or car. It is by far a temporary solution until a bill is passed that fully addresses the problem.

[MissB]

5. pretty sure that individually signed student loan debt doesn't pass down

to family members after death. For loans that are cosigned, that would be a different story. But for basic fed student loans, I don' think the debt passes along. How could it if the student was the only one signing for the loan?

[ColinC]

8. I stand corrected

https://www.thebalance.com/student-loans-after-death-4777625#:~:text=Federal%20student%20loans%20are%20not,get%20it%20discharged%20after%20death.

Federal student loans are not passed on to anyone in your family or even your estate. If you die, your federal student debt is instead fully forgiven and is no longer owned or owed by anyone. Someone will need to provide proof of death to the student loan servicer managing the debt to get it discharged after death.

[JoanofArgh]

6. Executive orders are all temporary. Thenext President could wipe everything out with the stroke of

a pen. There need to be laws passed.

[ColinC]

9. This would likely be tough to reverse, and enormously unpopular

But I agree, a law MUST be passed ASAP.

[CentralMass]

2. Attacks ? I guess I missed them. I have seen some discussion of the bill.

[Handler]

4. The bill seems fair to me. What seems unfair is the outrageous cost of higher education.

[mvd]

7. I do support more debt relief, but..

you’re right that it will likely only happen with a bigger Democratic majority. The President only promised 10K, so agree or disagree, we got what he campaigned on.

[Johnny2X2X]

10. The repayment changes are a bigger deal than the forgiveness

This is a Biden special. Let the $10K grab the headlines while the real story is that the loan payments of millions are being reduced by 50-65% a month.

[mvd]

11. I agree that it's a nice change

I wonder what happens though if your current income is $0.

[Johnny2X2X]

12. If your current income in less than 2.25 times the poverty

You pay zero a month. So for a family of 3, they’d have to make over $45K a year or so to have e a payment at all.

[mvd]

13. That's good

Thanks for the info.

[Sogo]

15. If you sign up for the Income Based Repayment Plan,

it would be $0. Anything below the poverty line by a certain multiple (I don't remember what that is), is also $0.

[Traildogbob]

14. Sick of

All the whining about student debt. Pull yourself up by your own stripper knee high boots. You spoiled wealthy college brats need to pay for your own 4 year party. Lauren Boebert did not need no stinking brainwashing college education to become successful and reach the AmurKKKan dream. She did it on her own, now she works tirelessly to make damn sure her constituents can reach for the stars with a GED after 3 attempts. Her persistence in her education is the same she uses to fight for the people of Colorado to be able to reach their own pinnacle of success. And she has zero college debt. A successful business woman, that went to school while working and managing a business while raising a lot of children. Then she fought like hell on her own and paid out of pocket to win a congressional seat to Save AmurKKKa. And still runs the Amazing small business while working 24/7 for her constituents and making their lives great.
Screw College. It’s a money making scam. GED’s are free, no matter how many attempts you need to get your certificate. Then you can become a successful Historically loved Congresswomen with a platform to passionately articulate your endless efforts to Make America Great Again. And stand proud with Donald J Trump and the radical left that attacks him viciously, like the warrior she is, after all he did for the people of USA. USA, USA!!
“Stop The Steal” of tax dollars to pay loans for Democrat elitists.