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    Biden hat nun über 1 Million Kreditnehmern die Studentenschulden erlassen


    Biden hat nun über 1 Million Kreditnehmern die Studentenschulden erlassen

    https://www.bloomberg.com/news/articles/2024-10-17/student-loan-forgiveness-over-1m-borrowers-get-relief-under-biden

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    14 Comments

    1. bloomberg on

      From Bloomberg News Akayla Gardner:

      President Joe Biden marked a new milestone in his effort to forgive student loans, as the total number of public servants who have received relief exceeded 1 million since he took office.

      The administration on Thursday announced that it has approved $4.5 billion in student-debt cancellation for around 60,000 of the workers. While court challenges have left other debt-related programs in limbo, these borrowers have benefited from reforms to the government’s public service loan forgiveness program, which was previously riddled by poor management and low acceptance rates.

      “Public servants saw their applications fall victim to fine-print technicalities, red tape, accounting errors and a wall of indifference from the Trump administration,” Education Secretary Miguel Cardona told reporters. “The process is fixed and will continue providing forgiveness to public servants for years to come.”

      More than $73 billion in loans have been forgiven through the 2007 initiative under Biden, according to an Education Department press release. Borrowers eligible for the latest round of relief are expected to see their debt cleared in the coming days and weeks.

    3. LengthinessMajor1635 on

      1 Million Public Servants Get Student Loan Relief! Bidens administration has approved 4.5 billion in debt forgiveness for 60,000 workers! After years of red tape its time to honor those who serve our communities. Every dollar forgiven is a step toward a brighter future!

    4. weliveintrashytimes on

      Idk bout yall, but for your average guy the Biden administration has done so fucking much man.

      so much unnecessary hate, when history looks back his legacy is gonna pretty high up compared to other presidents.

    5. MrIrrelevantsHypeMan on

      I love people telling me I don’t deserve student loan forgiveness. I didn’t get my GI Bill because of expiration dates that no longer exist. If I had that option I wouldn’t need loans

    8. abstract-pigeon on

      I love that Biden is cancelling student debt, but I also think we should focus on making higher education affordable for everyone so people DON’T need to take out these massive student loans. I wonder how many people are forced into different careers because they didn’t want to be burdened by massive student debt.

      Student loan forgiveness is wonderful for the people who get it, but we need to solve the issue of why higher education is so crazy expensive.

    9. thisisnahamed on

      Biden is underrated. He gets a lot of shit for his age and his speech. But despite the fact he acquired the country in a shitty state from Trump — the administration has done a good job in the US

    11. GalacticMe99 on

      How many new students with cripling student debt have taken their place in the time it took to get to this number?

    14. ausmankpopfan on

      Lord I see what you’re doing for Americans with student debt please think of us Australians to

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