Biden Reverses Part of Student Loan Handout

[Lisa558]

Just breaking….

In a stunning reversal, students with loans NOT held by Department of Ed will not be eligible. This change came due to incoming lawsuits.

In reversal, Education Dept. excludes millions from student loan relief

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

www.opb.org

 

[1srelluc]

 

[Moonglow]

Just as well.

 

[marvin martian]

Just breaking….

In a stunning reversal, students with loans NOT held by Department of Ed will not be eligible. This change came due to incoming lawsuits.

In reversal, Education Dept. excludes millions from student loan relief

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

www.opb.org

The rest of it will get thrown out soon. It was a blatantly illegal order designed solely to buy votes, and everyone but the dumbest of the dumb (talking to you, surada, Moonglow, and Penelope) knows it.

 

[Moonglow]

The rest of it will get thrown out soon. It was a blatantly illegal order designed solely to buy votes, and everyone but the dumbest of the dumb (talking to you, surada, Moonglow, and Penelope) knows it.

It would take a lot more to buy vote

 

[marvin martian]

It would take a lot more to buy vote

Not from you people. Y'all are cheap dates. Free crack pipes and little loan payoffs seemed to do the trick. You're a Biden-for-lifer.

 

[Moonglow]

Not from you people. Y'all are cheap dates. Free crack pipes and little loan payoffs seemed to do the trick. You're a Biden-for-lifer.

Yep, that's crap I smell.

 

[berg80]

For some perspective............

In a reversal, the Education Department is now excluding some borrowers from student loan relief

Federal student loan borrowers whose loans are not held by the U.S. Department of Education won't be able to consolidate for forgiveness, a new update shows.

www.cnbc.com

Probably poll driven.

Voters split on student loan forgiveness, new poll shows

NBC News poll finds higher support for forgiveness among those with student loans.

www.nbcnews.com

 

[Lisa558]

For some perspective............

In a reversal, the Education Department is now excluding some borrowers from student loan relief

Federal student loan borrowers whose loans are not held by the U.S. Department of Education won't be able to consolidate for forgiveness, a new update shows.

www.cnbc.com

Probably poll driven.

Voters split on student loan forgiveness, new poll shows

NBC News poll finds higher support for forgiveness among those with student loans.

www.nbcnews.com

Oh wow…..look at that surprise. The people with student loans are more likely to approve of having other people pay off student loans.

And actually, it’s not poll-driven: the pay-off is executive overreach and likely unconstitutional. Lawsuits were incoming.

 

[Weatherman2020]

Just breaking….

In a stunning reversal, students with loans NOT held by Department of Ed will not be eligible. This change came due to incoming lawsuits.

In reversal, Education Dept. excludes millions from student loan relief

The Biden administration has quietly changed its guidance to disqualify borrowers who have privately-held FFEL and Perkins loans.

www.opb.org

Democrats know it’s illegal.

 

[The Original Tree]

It would take a lot more to buy vote

You believed in RUSSIAN COLLUSION didn't you?

 

[marvin martian]

Democrats know it’s illegal.

Of course they do, but they were hoping the tide wouldn't turn against them until after the midterms. Now we see that's not going to happen.

 

[Dont Taz Me Bro]

The loan forgiveness is unconstitutional and won't withstand a court challenge. Furthermore, despite what Democrats believe, asking 2/3 of the population who didn't go to college to pay for the 1/3 that did and largely have higher incomes than those that didn't isn't a popular policy.

 

[scruffy]

Yep, that's crap I smell.

He who smelt it, dealt it.

 

[Moonglow]

You believed in RUSSIAN COLLUSION didn't you?

No.

 

[Votto]

Biden's decision to block thousands of student-loan borrowers with privately held debt from his loan forgiveness is 'disturbing' and a 'big mistake', some Democratic lawmakers say

"I certainly don't think we should be going backwards in any way," Rep. Khanna said after Biden scaled back eligibility for student-loan forgiveness.

www.yahoo.com

It looks like Biden is considering changing his mind about some of the student loan forgiveness.

He did this after realising he would have to do so in order to fend off legal action against his illegal EO.

This means that close to a million students will be left out of the loop.

 

[My_Chinchilla_Is_A_Racist]

i wonder if another democrat politician will propose that we give the student loan forgiveness based on race and equity

 

[Lisa558]

i wonder if another democrat politician will propose that we give the student loan forgiveness based on race and equity

Well, “equity” was always a part of it. Some Democrats pointed out that blacks tend to borrow more for college than whites, so forgiving debt will disproportionately advantage blacks. This was a cause for celebration since it would help ”close the racial equity gap.”

Student loan forgiveness could help narrow the racial wealth gap, say advocates. Here's how

Rather than narrowing the racial wealth gap between Black and white Americans, student loan debt is making things worse. Loan forgiveness could help, some say.

www.cnbc.com

 

[My_Chinchilla_Is_A_Racist]

It would take a lot more to buy vote

one of my chinchilla's borrowed 150,000 to go to a school to learn proctology, will he get a check for 10 or 20,000?

 

[berg80]

Supreme Court rejects request to block Biden student debt forgiveness program​

​

Supreme Court rejects request to block Biden student loan debt forgiveness program

The Biden administration program will cancel up to $20,000 in student loan debt for millions of people. A Wisconsin group asked the Supreme Court to block it.

www.cnbc.com

Details to follow.