this post was submitted on 04 Oct 2023
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[–] hansl@lemmy.world 15 points 1 year ago (1 children)

The Biden administration has approved debt relief for an additional 125,000 student loan borrowers, totaling $9 billion in forgiveness, the White House said Wednesday.

https://www.cnn.com/2023/10/04/politics/biden-student-loan-debt-forgiveness/index.html

[–] OurToothbrush@lemmy.ml 49 points 1 year ago (2 children)

That is literally just them correcting admistrative errors not new relief

[–] vonbaronhans@midwest.social 3 points 1 year ago

The only thing that applies to me here is the new SAVE IDR plan. But hey, it still lowers my monthly payment a little bit AND let's payments actually go to principal instead of just shaving off interest. It's not nothing.

I would still like to see full debt relief, but I think that has to be a matter of legislation if I understand correctly. And I'll take baby steps over nothing at all.