Biden may start forgiving student debt in October
Biden may start forgiving student debt in October
President Joe Biden may try to forgive student debt again as early as next month, in a sweeping redo effort that could impact tens of millions of Americans.
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He forgave a little over $150 billion so far
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.
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.
He should just declare it an official act, then it's immune to prosecution
But the courts can still block it no?