Lame-duck Biden cancels student loan debt for tens of thousands in final push before Trump’s return – IOTW Report

Lame-duck Biden cancels student loan debt for tens of thousands in final push before Trump’s return

BPR

The lame-duck Biden administration announced the cancellation of student loan debt for nearly 55,000 public service workers Friday.

The roughly $4.3 billion effort provides additional loan “forgiveness” for roughly 55,000 members of the Department of Education’s (DOE) Public Service Loan Forgiveness (PSLF) program, which erases debt for government and nonprofit employees who’ve made ten years worth of qualifying payments on their student debt, according to a DOE release. The push comes just weeks before President-elect Donald Trump is set to take office on Jan. 20, and brings total student debt transferrals under President Joe Biden to roughly $180 billion.

“Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered,” U.S. Secretary of Education Miguel Cardona said in the announcement. “With the approval of another $4.28 billion in loan forgiveness for nearly 55,000 public servants, the Administration has secured nearly $180 billion in life-changing student debt relief for nearly five million borrowers.” see more

17 Comments on Lame-duck Biden cancels student loan debt for tens of thousands in final push before Trump’s return

  1. I WANT MY 24K$ BACK WITH 8% INTEREST.
    I did get a 2 year STEM degree that
    served me well. Took 4 years to pay back
    that loan at my economic level…..

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  2. “No republic has long outlived the discovery by a majority of its people that they could vote themselves largesse from the public treasury.”
    — Alexander Fraser

    Make absolutely no mistake about it, that is exactly what progressive/Marxist/Satanists vote for. They are too fucking worthless to steal for themselves, so they vote for shitbag politicians to steal for themselves. Satan is a liar, a murderer and a thief. His followers look up to that and emulate it.

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  3. @ Bad_Brad SATURDAY, 21 DECEMBER 2024, 15:00 AT 3:00 PM

    Maybe he’s is trying to ratfuck what is left of the Democrats blue collar support. It’s been reported that his wife is on a mission to sabotage the Democrats future.

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  4. JDHasty

    I’ve read the same. And honestly what the Libtard party just pulled by appointing Harris has never been done before. They took the will of the people right out of the equation. Let’s wish her luck.

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  5. I’m surprised SEIU and other federal unions hasn’t objected to this because it is an unequal benefit. Employee A has $50,000 in student debt, employee B has $20,000 in debt and employee C has already paid his debt off. Unions traditionally hate unequal benefits. Of course if SEIU has its way, everyone would get a check for the maximum.

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