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this post was submitted on 21 Mar 2024
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John Oliver just had a good show student loans that talked about this program...
Something like 95% of people are denied for this program, and one woman had her servicer under charge her by $0.01 a month, and said none of those counted towards forgiveness. Another person had the same thing, challenged, and waited 3 years before her case was looked at. She had to keep making payments the whole time. But they fuck up so much, there's an insane backlog.
So it's good some people are getting forgiveness from this, but most of the people getting it now, were supposed to have already gotten it years ago. After years of having to keep making payments they likely don't get refunded.
And it's still barely even a rounding error in the total of 1.77 trillion.
There's nothing wrong with being happy about this, but it's nowhere near enough and it took a shit ton of noise for Biden to come this far. We can't stop pushing or they'll go back to ignoring it.
From personal experience, refunds aren't off the table. My wife has been a nurse for over 10 years. She just got a refund check from the Treasury stating that she over paid on her student loans. It wasn't an insignificant amount.
My issue is that these are years overdue, how does this man have a press conference every month about student loans, and every time its loans that would have been cancelled without him or should have been cancelled years ago. Which begs the next question, is it a win that it took three years in office to fix this? And next month when a new student loan press release comes out, what will be different?
Edited to Add because I already see downvotes and people think I am being excessive: March: https://www.whitehouse.gov/briefing-room/statements-releases/2024/03/21/statement-from-president-joe-biden-on-nearly-6-billion-in-student-debt-cancellation-for-78000-public-service-workers/
Feb: https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-sheet-president-biden-cancels-student-debt-for-more-than-150000-student-loan-borrowers-ahead-of-schedule/
Jan: https://www.whitehouse.gov/briefing-room/statements-releases/2024/01/19/statement-by-president-joe-biden-on-nearly-5-billion-in-additional-student-debt-cancellation-for-74000-borrowers/
Dec: https://www.whitehouse.gov/briefing-room/statements-releases/2023/12/06/statement-from-president-joe-biden-on-another-nearly-5-billion-in-debt-relief-for-over-80000-student-loan-borrowers/
No comment for November, I guess to avoid reminding people their loan repayments started.
Oct: https://www.whitehouse.gov/briefing-room/statements-releases/2023/10/04/president-biden-announces-an-additional-9-billion-in-student-debt-relief-for-125000-americans/
Sep: https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/what-they-are-reading-in-the-states-more-than-4-million-student-loan-borrowers-enrolled-in-new-biden-harris-administration-save-plan/
Aug: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/22/fact-sheet-the-biden-harris-administration-launches-the-save-plan-the-most-affordable-student-loan-repayment-plan-ever-to-lower-monthly-payments-for-millions-of-borrowers/
Jul: https://www.whitehouse.gov/briefing-room/statements-releases/2023/07/14/statement-from-president-joe-biden-on-new-student-debt-relief-actions/
Wait, are you seriously contending that making significant progress on repairing something that’s fundamentally broken and affects a large amount of people for an extended time isn’t a massively positive thing?
I was promised sweeping changes and got more of the same except with trumpets (press releases), the emperor has no clothes.
If it was so broken before that people who had earned it weren’t getting the benefit and now they are, that’s “more of the same”?
wanted chocolate and got strawberry
Lol and you’ll take slop because it has calories