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Unless the issue has to do with student loan forgiveness. That can be circumvented despite the Supreme Court decision. Just ask Nancy Pelosi about that .
ElwoodBlues · M
@soar2newhighs Actually, Biden exercised the PSLF (Public Service Loan Forgiveness) program; part of Bush's College Cost Reduction and Access Act of 2007.
All perfectly legal; read about it here,
https://studentaid.gov/data-center/student/loan-forgiveness/pslf-data
What SCOTUS ruling were you referring to??
All perfectly legal; read about it here,
https://studentaid.gov/data-center/student/loan-forgiveness/pslf-data
What SCOTUS ruling were you referring to??
ElwoodBlues · M
@soar2newhighs If you look into the details of Bush's PSLF, you'll see some categories of student loans fall under it; others don't. HINT: the words "public service" are in the title.
SCOTUS stopped the original broad cancellation, but other targeted cancellations went thru. All legal and above board.
Oh, speaking of loan forgiveness, did it trouble you when Trump added $734 billion in PPP loan forgiveness to taxpayer's debt? Or do you agree with free money to business owners??
During the first tRump admin, 10.2 million Paycheck Protection Program loans were forgiven or partially forgiven. With average forgiveness $72,000, that works out to $734 billion in loan forgiveness subsidies to business owners. Compare that with student loan forgiveness, a $300 billion program.
SCOTUS stopped the original broad cancellation, but other targeted cancellations went thru. All legal and above board.
Oh, speaking of loan forgiveness, did it trouble you when Trump added $734 billion in PPP loan forgiveness to taxpayer's debt? Or do you agree with free money to business owners??
During the first tRump admin, 10.2 million Paycheck Protection Program loans were forgiven or partially forgiven. With average forgiveness $72,000, that works out to $734 billion in loan forgiveness subsidies to business owners. Compare that with student loan forgiveness, a $300 billion program.
trollslayer · 46-50, M
@soar2newhighs That program arbitrarily cancelled a certain amount of debt using "emergency powers" clause due to COVID. The court said that was a stretch, stuck it down, and Biden complied.
The additional loan forgiveness was due to pre-existing laws that the Biden Admin streamlined. PSLF is one - the law has existed for a while, but the Dept of Ed was not approving many applications based on technicalities, such as being on an incorrect repayment program (through no fault of the borrower).
The additional loan forgiveness was due to pre-existing laws that the Biden Admin streamlined. PSLF is one - the law has existed for a while, but the Dept of Ed was not approving many applications based on technicalities, such as being on an incorrect repayment program (through no fault of the borrower).