The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.
Announced. They can announce a lot of things they don’t ultimately do because the executive isn’t supposed to make laws and spend money they haven’t been given by Congress.
Yeah this is true but this forces the opposition to be on record being like “no fuck you” and there’s an election coming up where the young vote is very critical
You likely don’t remember the last time that happened, and when the next thing like this comes along you’ll probably completely forget this time. And by the next time, youll definitely have forgotten this time. Politicians rely on abusing this fact. Its how they continue to stay in power.
They announced that they did it, not that they will be doing it. https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs
RTFA.
This already happened. It’s not a plan. It’s not executive action or changing the law, either. It was a clerical cleanup project to get loans off the book. Loans that already should have been properly identified as cleared, but which the DOE had previously mishandled and fucked up, forcing individuals to believe they still owed more payments than they legally should have.
Because the DOE has been an incompetent clusterfuck when it came to these loans for multiple administrations. Likely multiple decades.