Student Loan Cancellation

posted 2 years ago by unruly 2 years ago by unruly +8 / -0

This is all confusing. On one hand some say the loans are being canceled with Trump's EO to crush the banks. On the other some say the govt sending out $20k checks.

Which is it?

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– fastwalker 6 points 2 years ago +6 / -0

Nothing is going to happen. They'll delay until after midterm and blame Trump. There will be no money given to the goys

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– Some_other_dude 1 point 2 years ago +2 / -1

Exactly, even Pelosi said last year that the president has no power to forgive debt, he can delay it, but not forgive it. It's a delay tactic, then shift blame to the Rs.

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– Iceman80 4 points 2 years ago +4 / -0

Election year politics….ain’t nobody gettin’ nuthin’.

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– ILearnedToCode 2 points 2 years ago +2 / -0

Advance racial equity. By targeting relief to borrowers with the highest economic need, the Administration’s actions are likely to help narrow the racial wealth gap. Black students are more likely to have to borrow for school and more likely to take out larger loans. Black borrowers are twice as likely to have received Pell Grants compared to their white peers. Other borrowers of color are also more likely than their peers to receive Pell Grants.

They are literally saying they are gonna prioritize black people because black people typically are poorer.

Racist as fuck!

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– dty6 1 point 2 years ago +1 / -0

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/

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