this post was submitted on 03 Sep 2024
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politics

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[–] mozz@mbin.grits.dev 132 points 2 months ago (2 children)

Start?

He forgave a little over $150 billion so far

[–] Ghostalmedia@lemmy.world 72 points 2 months ago* (last edited 2 months ago)

Mainly through fixes to long-troubled loan relief initiatives, the Biden administration has now approved nearly $169 billion in loan forgiveness for roughly 4.8 million people.

Its new plan is expected to reach at least 25 million more people.

[–] Kroxx@lemm.ee 41 points 2 months ago (1 children)

Most of his reform so far has focused more on making the current paths that existed more obtainable, ex: public service loan forgiveness. So he has made student loan forgiveness where you meet specific qualifications much better, which is very helpful, but not everyone qualifies.

Blanket student loan forgiveness hasn't happened, because it was successfully blocked by the Republicans (after like 4 attempts). I assume this is referring to blanket forgiveness.

Could be wrong on all this, if anyone spots something incorrect just say it.

[–] tiefling@lemmy.blahaj.zone 21 points 2 months ago (1 children)

He should just declare it an official act, then it's immune to prosecution

[–] RippleEffect@lemm.ee 1 points 2 months ago

But the courts can still block it no?