• Clinicallydepressedpoochie@lemmy.world
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    47 minutes ago

    You all missed, this forgiveness was tied to the restarting of loan collection. It was meant to soften the blow because amid the crazy inflation biden was forcing people to pay on loans. Of course it didn’t go through, no one in government actually gave a shit. It was just a distraction to avoid the fallout from the big shit sandwich he was serving up.

    I hate the direction the world is going but I’m not going to miss biden, that’s for sure.

  • a9cx34udP4ZZ0@lemmy.world
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    2 hours ago

    “The guy who is no longer in power stops doing the thing he promised to do while in power and can no longer do even if he wanted to. News at 11.”

    Also: OMG why is the other guy doing the thing he promised he’d do if he got into power??? I thought he was “just saying things”???

  • Kadaj21@lemmy.world
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    21 hours ago

    All I know is that if IDR is killed off, I’ll have to go into bankruptcy as i don’t have enough for groceries for my family as is. I know the likelihood of getting the stident debt is next to impossible, but i might be able to afford that payment if my cc debt is killed off ($40k) but would still have mortgage, car payment, roof loan payment, and my private student loans as well. I’m just pretty much tapped out. Probably worth more dead than alive, though I’m the bread winner.

    • Flying Squid@lemmy.world
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      19 hours ago

      There will be a lot of bankruptcies and I can’t see how that benefits the corporations that are expecting loan repayments. It seems like they lose either way, so maybe we should have let them lose without fucking over so many other people.

      • esc27@lemmy.world
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        17 hours ago

        I sort of hope that happens because then people like me would go in and buy

        Quote from a certain U.S. politician on real estate crashes…

    • suburban_hillbilly@lemmy.ml
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      19 hours ago

      You shouldn’t assume you know things you’ve not done before. Student loan relief through bankruptcy is not ‘next to impossible’. Since the new guidelines were drafted for judges about 98% of student debt holders seeking bankruptcy had some or all of their loans discharged.

      You should also be aware that not all studen loan debt is equal. The higher requirements for discharge only apply to loans for tuiton specifically. If you got extra in your loans for computers, car, room, board, etc, then those amounts are treated like any other unsecured debt during bankruptcy.

      There are articles/guidelines/worksheets that you can find on the Dept of Education and the Consumer Financial Protection Bureau websites to help you get a good idea of how your specific situation is likely to turn out.

  • PhilipTheBucket@ponder.cat
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    1 day ago

    Biden: Hey here’s half a trillion dollars back on student loans, a trillion dollars on climate change, unions and manufacturing jobs, and a bunch of other stuff, all paid for by big increases in corporate tax

    USA: Yeah but corporations are still doing bad stuff though

    USA: We pick Trump

    Biden: Alright fuck you then

    • adarza@lemmy.ca
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      1 day ago

      this is stuff that never would have made it all the way to implementation anyway; with voters shooting off their own feet last month, and some hand-picked maga judges ruling against the policy.

      • Voroxpete@sh.itjust.works
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        4 hours ago

        Would it not have been smarter, politically, to push it through to the end and let the GOP take the heat for killing it?

  • Tygr@lemmy.world
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    9 hours ago

    My kids were hyper aware out of high school of the burden of student loan debt and refused to sign on any federal loans. I’m proud they graduated college without debt… they did it sacrificing party time with work time, but they are financially better off because of it.

    So many kids now have learned that signing paperwork can mean financial ruin that can’t be bankrupted.

    That’s a good thing.

    • catloaf@lemm.ee
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      3 hours ago

      When was that, how much was tuition? Because the average cost of college per year (tuition, fees, and regular daily expenses) in the US is about $38k. Assuming they worked half-time, they’d have to be making about $36/hr to cover that cost.

      Personally I took out loans, took extra classes to graduate early, and paid off my loans years early after graduation. Federal loans make sense for most people.

    • prof_wafflez@lemmy.world
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      8 hours ago

      Happy that was actually possible for them. Certainly wasn’t possible for me and probably millions of others.

    • ChonkyOwlbear@lemmy.world
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      18 hours ago

      Republicans are the only reason this promise wasn’t fulfilled. Biden has been trying again and again to get this through.

      • Ferrous@lemmy.ml
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        16 hours ago

        “The bad cop is the only reason we’re in this mess. The good cop has been honest and reassuring us that they’re trying their hardest to ensure we get treated fairly.”

        • prof_wafflez@lemmy.world
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          8 hours ago

          Are you stupid or do you straight up just shit post and pay literally no attention to current events? People like you need to start being treated like you are illiterate and an idiot.

  • aramis87@fedia.io
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    1 day ago

    He’s done what he could with the Republicans fighting him every step of the way. Better to spend this last month doing what he can to Trump-proof stuff.

      • pachrist@lemmy.world
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        8 hours ago

        Hey now, he really needed all those years to mull it over, just to make sure it aged like milk.

      • beansbeansbeans@lemmy.world
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        12 hours ago

        He could use his “official acts” granted by the Supreme Circus to rid us once and for all of this turbulent turd. But he won’t.

        Motherfucker said “Nothing will fundamentally change”

      • wisely@feddit.org
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        22 hours ago

        I read that withdrawing the student loans was actually one of the things. If he hadn’t Trump could have used the years long progress to implement his own policies. Now he would have to restart the process over again to make any changes.

        He just appointed a bunch of federal judges this week.

        He has also just made a new international climate agreement. It can probably be thrown out but it’s another thing that would cause a delay. Nothing is going to make anything Trump proof since he controls 3 branches of government and is immune to crimes. It’s all stall tactics.

        Biden is terrible at marketing the stuff he does. He doesn’t do enough and the things he does actually do just gets pushed through without any press. He also publicly shows no fight when things are blocked so it looks like he never even attempted. Still runs things like an old time senator expecting nonbiased journalists to spread the word for him.

        • Voroxpete@sh.itjust.works
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          4 hours ago

          Biden is terrible at marketing the stuff he does. He doesn’t do enough and the things he does actually do just gets pushed through without any press. He also publicly shows no fight when things are blocked so it looks like he never even attempted. Still runs things like an old time senator expecting nonbiased journalists to spread the word for him.

          Incredibly accurate assessment.

        • Mirshe@lemmy.world
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          4 hours ago

          I don’t see that. If he had just nutted up to SCOTUS, pulled a Jackson and just said “well shit, here’s the thing. MY copy of the law says nothing about large-scale forgiveness or loan modification being the purview of Congress, so I’m just gonna have the DoEd go ahead and discharge all those loans. If YOU want to tell them that they still owe that cash, go right on ahead”, I think that would’ve created a HELL of a lot bigger headache had Trump won - now instead of simply having to tell people “well too bad you have to start paying again”, you have to do a LOT more work to notify people that “hey your loans that were forgiven two years ago, we want that money back” and generate a LOT more political ill will in the process.

          • wisely@feddit.org
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            2 hours ago

            I thought the supreme Court already ruled on that saying he didn’t have the authority? I remember that the lower courts ordered him to halt and not pay out prior to that, while they had just started accepting applications.

            The negotiated rulemaking plan B attempt was different.

            It’s all a mess like everything else in Government. Next year is going to bankrupt people when payments have to resume. Then there are tariffs and trade wars and whatever else. Hope we will be ok.

    • orcrist@lemm.ee
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      1 day ago

      Right right. That’s why he needed to start doing things 3.9 years ago instead of screwing around for so long. What a failure. Or a success, depending on your perspective.

      • Nyxicas@kbin.melroy.org
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        16 hours ago

        Biden had the same challenges Obama did when Obama had his terms. Republicans got in the way. But Obama was still dealing with moderate and crazy but tamed Republicans who still sided with Bush at the time and propped McCain and Romney to oppose him.

        Biden was going up against a more insane breed of Republicans who’ve gotten a nice dosage of the first 4 years with Trump, who’ve turned the country upside down and all around. Everything was going to be an uphill battle moreso than Obama’s struggle was.

      • prole@lemmy.blahaj.zone
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        18 hours ago

        Have you been living under a rock for 4 years? The fuck you mean he spent 3.9 years screwing around on this, you have no fucking clue what you are talking about. This is one of the things Biden pursued hardest in the face of ridiculous opposition. It went to the Supreme Court. Like two years ago.

        • orcrist@lemm.ee
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          7 hours ago

          Yeah I read the news, I still read the news. And all of it was him doing very little. When he predictably didn’t get what he hoped for, he apparently had no backup plan. It seemed like he was doing everything low key, low energy, no PR campaign. Amateur hour.

          Now we can blame some of that on mainstream media having bad coverage. But that aspect was entirely predictable. He’s a pro, decades of experience, he should have had some plan for that.

      • Flying Squid@lemmy.world
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        21 hours ago

        I don’t know what the deal is with pulling this program now (although someone else said it was actually a way to block Trump from doing something worse), but he literally spent all four years trying to get through student loan forgiveness. His major plan was blocked by SCOTUS and he’s been blocked by other judges every step of the way.

        And the fact that you don’t know that speaks much more about you than it does about him.

        I have no love for Biden. I keep saying I hate that he’s been one of the best presidents of my nearly 50-year lifetime because that just shows the low the bar is. But he still did clear that bar on occasion and trying to do student loan forgiveness is one of them.

        He can’t just make commands from on high and they get implemented, no questions asked. As Paddzr suggested, this is part of the reason why Trump won. People think the president is a dictator, which is why they elected a man promising to be a dictator.

        • beansbeansbeans@lemmy.world
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          12 hours ago

          I’m not so certain he was genuine in wanting to get that done, or at least to the extent. He’s one of the reasons student debt is so hard to discharge, and played a role in manufacturing the current crisis.

            • beansbeansbeans@lemmy.world
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              11 hours ago

              That’s not what I said. I said I’m not convinced how genuine he was in wanting to get it done. You can still do something you don’t genuinely want to do; that’s what half-assing something looks like.

      • Paddzr@lemmy.world
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        21 hours ago

        And this is why Trump won. Because people like YOU. Just because YOU didn’t pay attention for 4 years, doesn’t mean he sat on his ass doing nothing.

        I hope reality hits you like a truck now.

  • Capt. Wolf@lemmy.world
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    1 day ago

    I’m so sick of our financial wellbeing being a pawn for these political asshats to play with…

    My loan repayment period was supposed to end in June of this year as part of the service workers repayment plan. I wasn’t even on the SAVE plan and my account has been put into some sort of weird limbo because of all this stupid garbage. My servicer won’t even touch my account. They just keep extending the forbearance on it every time a new judge steps in.

    Now Trump’s gonna step in yet again and fuck us all even more…

    • Nyxicas@kbin.melroy.org
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      16 hours ago

      I really don’t like it when people say “The country spoke” like, excuse you, but I didn’t vote for Trump so don’t you dare assume that I did.

      71 million people spoke out of the 334.9 million in America. 150 million americans did vote while 90 million didn’t.

        • Cataphract@lemmy.ml
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          8 hours ago

          335 million is the population, 71 million voted for trump. You can extrapolate with 150 million voters and 90 million that didn’t , there are only 240 million of the US population that are eligible to vote (so near 100 million didn’t even have a chance to voice their opinion).

          I’ve looked at the numbers before but can’t remember the specifics but it’s at least in the ball park if my memory serves me right.

          edit: grammar

    • orcrist@lemm.ee
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      1 day ago

      The tiny majority of voters. Not the country. Close? Not really.

      • Flying Squid@lemmy.world
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        21 hours ago

        All those eligible voters who didn’t bother to vote at all who make up the rest of the country spoke too. They said they didn’t give a shit.

        So again, seems like a “why bother?” situation.

      • Skates@feddit.nl
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        24 hours ago

        That’s a great argument until you realize the rest of the country (the part that didn’t speak) literally couldn’t decide which is worse or just didn’t care. So they did speak, and what they said was “hwbennfswbebnsjdjbdbshdukabw”.

        • Nyxicas@kbin.melroy.org
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          16 hours ago

          What still gets me is how there are Americans who’re still obliviously indecisive when they are presented, clearly, with one option being detrimentally worse than the other. And still can’t make up their minds.

          “Uhhhhhhhhh dis guy has bad plans and uhhhhhhhhh I don’t know if they’re good or not. Wait, maybe…ummmmmmmm I…don’t know, I mean I guess? I don’t think struggling to make ends meet is that bad but I’m not sure…I don’t think I’ll have health care in the future if I go with this guy…I…I can’t decide!”

  • usernamesAreTricky@lemmy.ml
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    1 day ago

    Rules were unfinished - they were trying to rewrite a second version after Republicans kept blocking it in court. The unfinished rules already had republicans threatening to sue about it. Presumably ran out of time to complete it

    He’s still looking at other more narrow areas that are less able for Republicans to make BS challenges on

    Biden is still pursuing other avenues for debt relief before his term is up. On Friday, his administration announced an additional $4.28 billion in debt relief for 54,900 borrowers in Public Service Loan Forgiveness — a result of ongoing improvements to the program. Despite not being able to pass broad relief, Biden, over the course of his term, has provided relief to nearly 5 million borrowers through changes to various programs.

  • TWeaK@lemm.ee
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    1 day ago

    Trump said he was going to reinstate all the debt anyway.

    • NocturnalMorning@lemmy.world
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      1 day ago

      Do you have a source for that? I’m not sure how one would even go about bringing debt back that has been effectively erased.

      • Crashumbc@lemmy.world
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        1 day ago

        You can’t, but that never stopped Trump from saying shit like this. “Mexico will pay for the wall”

        I don’t have a source but that is about as Trump as Trump can get.