Biden Scales Back Student Debt Relief

[applegrove]

Biden Scales Back Student Debt Relief

September 29, 2022 at 3:28 pm EDT By Taegan Goddard 81 Comments

https://politicalwire.com/2022/09/29/biden-scales-back-student-debt-relief/

"SNIP.......

“The Biden administration is curtailing its sweeping student debt relief program for several million Americans whose federal student loans are owned by private companies over concerns the industry would challenge it in court,” Politico reports.

“The Education Department will no longer allow borrowers with privately held federal student loans to receive loan forgiveness under the administration’s plan… The administration had previously said that those debt-holders would have a path to receive the administration’s relief of $10,000 or $20,000 per borrower.”

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[aocommunalpunch]

1. This is gonna sting. n/t

[Johnny2X2X]

2. It actually only effect less than 800,000 borrowers

And it was down because it wouldn’t hold up in court.

[JohnSJ]

4. Exactly. It was the right thing to do. It should apply only to government loans, because that is

what they have control over

[ripcord]

5. I was honestly suprised they were trying this with private loans