this post was submitted on 07 Apr 2024
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politics

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TLDR: Totalling roughly $144 billion for about 4 million borrows.

Article is from March 29th, 2024

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[–] givesomefucks@lemmy.world 86 points 7 months ago (3 children)

9% of total loans, and a lot are people who should have already been discharged through existing programs.

The thing is, someone thought it was a good idea to put the people making money off student loans in charge of forgiveness programs, so all types of shady shit was happening.

[–] qwertyqwertyqwerty@lemmy.one 40 points 7 months ago (3 children)

If he was able to get the original loan forgiveness he wanted, my wife and I would have replaced a car with a newer one, or maybe bought a second car. As it stands now, I guess we will be driving ours for a while. I guess the student loan providers wanted our money more than the stock market.

[–] Sanctus@lemmy.world 17 points 7 months ago

It's never about making it better. It's always about shoving as much money in their pockets as possible.

[–] lennybird@lemmy.world 17 points 7 months ago

We were in a similar position, intending to reinvest in our home, get a utility trailer, while saving up more for land one day.

Conservatives fucked that up. But I appreciate Biden for trying.

[–] Sanctus@lemmy.world 11 points 7 months ago

Ah, yes, the people with the true say in this country, lobbyists with buckets of money.

[–] Krauerking@lemy.lol 2 points 7 months ago (1 children)

LOL that keeps being my thought of... Wait why is it a good thing we took this long to help people that were scammed and forgive the people that were well past it being owed to them.

It is sad that we are at praising bare minimum of by the books. We are too used to people being fucked over.

[–] givesomefucks@lemmy.world 2 points 7 months ago

That's like when they say "Biden forgave more student loan debt than anyone"....

Well, it wasn't really an issue until 20 maybe 30 years ago, and few people are paying them off