U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.

U.S. President Joe Biden plans to announce on Wednesday that his administration has approved an additional $9 billion in student debt relief for 125,000 borrowers, the White House said.

Biden has said he will pursue new measures to provide student loan relief to Americans after the Supreme Court blocked his plan to cancel hundreds of billions of dollars in debt.

The president’s announcement, planned for 1 p.m. EDT at the White House, will bring the total approved debt cancellation by the Biden administration to $127 billion for nearly 3.6 million Americans, the White House said.

  • Fredselfish@lemmy.world
    471·
    9 months ago

    I was approved for relief but thanks to fucking Supreme Court and weak as Biden I am forced to pay student loans. Fuck him. He should of canceled all the debt.

    • Ducks@lemmy.world
      574·
      9 months ago

      This might be the worst part of student loans. You take out all this debt, you get this degree, and yet you still come out ignorant as hell about how the US system of government works. You don’t even know who to be mad at, so you blame Biden.

    • ImFresh3x@sh.itjust.works
      362·
      9 months ago

      How is it the result of “weak” Biden? How does a “stronger” president overrule the Supreme Court?

      • Fredselfish@lemmy.world
        517·
        9 months ago

        He could’ve issued executive order to cancel all student debt. He didn’t he sat on his hands and shurg said fuck you to millions of young people and allow the corrupt Supreme Court overule him.

        • phillaholic@lemm.ee
          144·
          9 months ago

          He could’ve issued executive order to cancel all student debt

          This isn’t universally true, and he’s said as much in many statements. Unlike the last administration, he’s having his lawyers review what can and can’t be done knowing that the courts are going to challenge everything he does and given their current slant won’t be kind to anything he does.

          https://sc.edu/uofsc/posts/2023/03/conversation_loans.php

          https://www.politifact.com/article/2021/jun/14/can-student-loan-debt-be-canceled-presidents-execu/

          • TheAndrewBrown@lemm.eeEnglish
            111·
            9 months ago

            Also, aren’t executive orders still subject to Supreme Court rulings? What would stop them from just overruling it again?

            • phillaholic@lemm.ee
              101·
              9 months ago

              Nothing would stop them. He’s an experienced Politician that’s not giving up. He doesn’t get enough credit where it’s due.

              • whofearsthenight@lemm.eeEnglish
                3·
                9 months ago

                This is democrats since I’ve been alive. Reagan and Bush create wars and economic disasters, Clinton turns it around. Repeat for Bush Jr and then Obama who had to turn us around from the financial crisis beta. Trump comes in, completely mismanages a pandemic even though there was a literal playbook left for him, tanks the economy, and now Biden has to get it back on track and by objective measures is doing so. And then we have the continued pain points of things like high grocery prices that we’re all still really feeling that are again the result of Trump’s disastrous handling of the pandemic which basically gave these people an excuse to jack prices up as high as they wanted. Note how very few things have rebounded to pre-pandemic, and corp profits are at an all time high.

                There is legitimately not an economic argument to be made for republicans unless you’re a billionaire.

                • phillaholic@lemm.ee
                  3·
                  9 months ago

                  Not to mention intentionally creating legislation that falls apart financially after they assume a Democrat will come into power that they can immediately blame.

    • dangblingus@lemmy.dbzer0.com
      122·
      9 months ago

      Terrible take. Biden was poised to cancel student loan debt, and the Supreme Court said no. You know how the branches of government work, right?