The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration.
President Joe Biden announced Thursday that the White Househas approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers.
The 78,000 eligible public service workers include teachers, nurses and firefighters, according to the White House.
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It’s the latest student debt cancellation move through Public Service Loan Forgiveness programs, which allow eligible borrowers to have their remaining debt forgiven if they have made a certain number of payments and are working for approved employers.
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Last year, the Supreme Court invalidated Biden’s more far-reaching student loan debt relief plan, arguing that it was unlawful because Congress did not explicitly approve the move.
From personal experience, refunds aren’t off the table. My wife has been a nurse for over 10 years. She just got a refund check from the Treasury stating that she over paid on her student loans. It wasn’t an insignificant amount.
My issue is that these are years overdue, how does this man have a press conference every month about student loans, and every time its loans that would have been cancelled without him or should have been cancelled years ago. Which begs the next question, is it a win that it took three years in office to fix this? And next month when a new student loan press release comes out, what will be different?
Edited to Add because I already see downvotes and people think I am being excessive: March: https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/21/statement-from-president-joe-biden-on-nearly-6-billion-in-student-debt-cancellation-for-78000-public-service-workers/
Feb: https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-sheet-president-biden-cancels-student-debt-for-more-than-150000-student-loan-borrowers-ahead-of-schedule/
Jan: https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/19/statement-by-president-joe-biden-on-nearly-5-billion-in-additional-student-debt-cancellation-for-74000-borrowers/
Dec: https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/06/statement-from-president-joe-biden-on-another-nearly-5-billion-in-debt-relief-for-over-80000-student-loan-borrowers/
No comment for November, I guess to avoid reminding people their loan repayments started.
Oct: https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/04/president-biden-announces-an-additional-9-billion-in-student-debt-relief-for-125000-americans/
Sep: https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/what-they-are-reading-in-the-states-more-than-4-million-student-loan-borrowers-enrolled-in-new-biden-harris-administration-save-plan/
Aug: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/22/fact-sheet-the-biden-harris-administration-launches-the-save-plan-the-most-affordable-student-loan-repayment-plan-ever-to-lower-monthly-payments-for-millions-of-borrowers/
Jul: https://www.whitehouse.gov/briefing-room/statements-releases/2023/07/14/statement-from-president-joe-biden-on-new-student-debt-relief-actions/
Yeah, everything I’m seeing is we’re catching up to where we should have been years ago.
Which is better than ignoring it for another decade.
But it’s like being grateful some guy stopped kicking you in the nuts every five minutes and is only kicking the other 9 people in the nuts now.
Like, sure, I’d be happy it stopped. But still pissed it was happening to me and still happening to other people.
Plus it just feels like Biden is intentionally misrepresenting what is happening so he gets the best optics going into an election. He’s doing pretty much the bare minimum of the right thing for the wrong reasons.
Which again, is better than nothing.
But it’s not enough for him to be doing victory laps and calling himself the most progressive president ever.
All he did was stop kicking a few of us in the nuts every five minutes.
So she got forgiveness, and then got the refund?
Yeah, I figured with the forgiveness aspect they’d just be canceling the remaining
That’s awesome they’re making it right if that’s the case