Biden administration forgives $4.8 bln in student debt - eviltoast
U.S. President Joe Biden said on Wednesday his administration had approved $4.8 billion in student debt cancellation for 80,300 people.

“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.

  • namelessdread@lemmy.world
    4·
    11 months ago

    So you think people who were defrauded or are working public service jobs like teachers are rich people and not working class?

      • namelessdread@lemmy.world
        1·
        11 months ago

        Students who attended colleges or universities that lost their accreditation and were shut down, making those degrees they handed out worthless and literally illegitimate. Those people, who had loans for degrees they couldn’t use from defunct colleges were defrauded.

    • oldbaldgrumpy@lemmy.world
      13·
      11 months ago

      I think they make enough to pay their bills, sure. Teachers even have the summers off for side work. And to be honest, if they don’t understand how loans work should they be teaching our kids?