Biden cancels $72 million in student loan debt for borrowers who went to for-profit Ashford University | CNN Politics
Even though President Joe Biden’s student loan forgiveness program was blocked by the Supreme Court earlier this year, his administration is moving forward with more targeted student debt cancellations allowed under existing programs.
Yes
This is exactly what's happening. They're following existing law. In the past student loan servicers were supposed to keep track of this stuff, and cancel loans when certain terms are met, such as all ontime payments for 20 years. They just haven't been doing that, and now the administration is making them do that to score political points with their base.
I'm a little sad this comment is not higher.