You paid off YOUR student loan and now you get to pay off theirs, too!

[Eyebee Teepee]

Originally Posted by Lillie767

Well, let's get the right numbers. The $500 billion overstated the total loan forgiveness, but $500 million grossly understates the total loan forgiveness.

"Since becoming president in January, President Joe Biden has cancelled $2.3 billion of student loans for more than 110,000 student loan borrowers. America already has reacted in different ways to Biden cancelling student loans. Biden may not stop here—it’s possible that he cancels more student loans, either on a piecemeal basis for targeted groups of student loan borrowers, or on a wide-scale basis as progressive Democrats have hoped. The good news is that Biden already has approved student loan cancellation today. "

https://www.forbes.com/sites/zackfri...h=796e3b241a14

which other student loan debtors were cancelled?

I believe I saw "those were permanently disabled" on the list. Of course, even if I'm right, we don't know what is required to be disabled under that decision.

[Oldgorilla]

Originally Posted by BaptistFundie

Why is it the government bailing out the students? They got scammed. It's not my fault.

Or does the government plan to pay me back for the truck I bought last year that ended up being a lemon?

I can tell you are new to the US. You may want to learn about how the student loan program works.

What program exists for your poor choice in purchasing a lemon? Or are you just trying to scam taxpayers?

[Vlajos]

Originally Posted by Oldgorilla

I can tell you are new to the US. You may want to learn about how the student loan program works.

What program exists for your poor choice in purchasing a lemon? Or are you just trying to scam taxpayers?

The student loan program works to cancel itself? I am not following.

[Oldgorilla]

Originally Posted by Vlajos

The student loan program works to cancel itself? I am not following.

The Student Loan program has had protections built in for students who have been defrauded by institutions. This is not new and has nothing to do with Biden.

This is completely different than student loan forgiveness programs Trump had argued for and those of which members of congress (on both sides) have discussed in the past.