#debtforgiveness — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #debtforgiveness, aggregated by home.social.
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People Power Party presidential candidate Na Kyung-won proposes low-interest loans and debt forgiveness for newlyweds to combat low birth rates, offering 200 million won loans at 1% interest with full principal forgiveness for having four children.
#YonhapInfomax #LowBirthRate #NaKyungWon #HousingLoan #DebtForgiveness #PopulationPolicy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=58955 -
Spain's central government has agreed to forgive over 17 billion dollars in debt owed by Catalunya.
Learn more with the link in bio - @rorshok.spain
#Spain #Catalunya #DebtForgiveness #SpainPolitics #EconomicPolicy #Finance #GovernmentDecision #BreakingNews #EuroEconomy #PublicDebt -
#President #JoeBiden’s #student #debtforgiveness #plan to remain #blocked, #Partisan #federaljudge #orders
But it has been #Republican #officials that have tried to #block the #relief, and #Partisan #Republican #judges that have #ruled against the #financialaid #package
#Women #Transgender #LGBTQ #LGBTQIA #Conservatives #Extremism #Fascism #Courts #Corruption #RepublicanParty #ThePartyOfHate
https://www.cnbc.com/2024/09/19/biden-student-debt-forgiveness-ruling.html
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The coalition of 11 #Republican-led states, headed by #Kansas AG #KrisKobach, alleged in their lawsuit that the president overstepped his authority in creating the repayment program — claims that mirror the case that last year toppled #Biden’s initial effort to forgive up to $20k in federal #StudentLoans. The states say Biden’s new repayment plan is an attempt to sidestep a #SCOTUS ruling that struck down his #DebtForgiveness program.
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“I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” #Biden said in a stmnt Wed. “I will never stop working to cancel student debt — no matter how many times Republican elected ofcls try to stop us.”
#BidenHarris2024 #VoteBlue #economy #finance #loans #debt #StudentLoans #DebtForgiveness #Education
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With the #election months away, #POTUS #Biden is lauding his admin’s achievements in delivering loan cancellation to nearly 4.8M people through a mix of existing programs & new policies. #Republicans have remained staunchly opposed to the effort, decrying it as a waste of taxpayers’ money & patently unfair to Americans who never went to college.
#BidenHarris2024 #VoteBlue #economy #finance #loans #debt #StudentLoans #DebtForgiveness #Education
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#Biden admin cancels an additional $7.7B in #StudentLoans
>160k student loan borrowers are now in line to have their balances canceled, bringing the total amount of #DebtForgiveness allowed under the Biden admin’s policies to $167B, the #Education Dept announced Wed.
#BidenHarris2024 #VoteBlue #economy #finance #loans #debt
https://www.washingtonpost.com/education/2024/05/22/biden-administration-cancels-an-additional-77-billion-student-loans/ -
This ridiculous #FarRight #SCotUS actually compared #StudentLoan #DebtForgiveness to the Japanese Internment Act of 1942, and giving free healthcare to every citizen as a gateway to #tyranny.
But when faced with an ACTUAL argument that a #Potus should be #AboveTheLaw... even if they try to violently overthrow the government, this #RightWing court has demurred. #GOPHypocrisy #IOKIYAR #Facism 🤬 https://www.msnbc.com/alex-wagner-tonight/watch/trump-presidential-immunity-case-exposes-conservative-supreme-court-s-true-colors-209812549928
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The Biden administration has canceled $144 billion of federal student loan debt for nearly 4 million borrowers to date.
This is after the Supreme Court blocked Biden's original program that would have canceled up to $20,000 for low- & middle-income borrowers, for an estimated total of $430 billion of debt relief.
Student loans: Biden to forgive $5.8 billion in student loan debt for nearly 78,000 public-sector workers | CNN Politics
https://www.cnn.com/2024/03/21/politics/student-loan-forgiveness-emails/index.html -
Biden announces plan to cancel some student loan balances under $12,000
Starting next month, people who took out under $12,000 in federal student loans and have been repaying those loans for 10 years will get their remaining student loan balance cancelled once they enroll in the Saving on a Valuable Education Plan, known as SAVE.
“This action will particularly help community college borrowers, low-income borrowers, and those struggling to repay their loans,” Biden said in a statement.
“And, it’s part of our ongoing efforts to act as quickly as possible to give more borrowers breathing room so they can get out from under the burden of student loan debt, move on with their lives and pursue their dreams.”
This initiative builds on the Biden administration’s effort to cancel federal student loan debt following last year’s U.S. Supreme Court decision that struck down the White House’s plan for a one-time cancellation of up to $10,000 for federal borrowers. Student loan borrowers who had received Pell Grants — federal aid to help low-income students pay for higher education — could have qualified for an additional $10,000 in forgiveness.
#USPol #Politics #USPolitics #News #Biden #JoeBiden #StudentLoans #StudentLoanForgiveness #LoanForgiveness #StudentDebt #DebtForgiveness
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So the new "SAVE plan" to effectively cancel most loans, but over a long period of time, while increasing grants to reduce new loans, makes a lot of sense.
https://www.ed.gov/news/press-releases/biden-harris-administration-launches-most-affordable-repayment-plan-ever-transforming-income-driven-repayment-cutting-undergraduate-payments-half-and-preventing-unpaid-interest-accumulationHowever it's also likely to cost more than a simple #DebtForgiveness aka haircut. Which is why such programs must be decided by expert agencies accountable to elected officials, not by an unelected #SCOTUS moonlighting as an actuary who doesn't know math.
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Conservative groups sue to block Biden plan canceling $39 billion in student loans
#APNews #ConservativeGroups #StudentLoans #DebtForgiveness #BidenPlan #Lawsuit #Politics #News
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#lizwarren #ElizabethWarren #studentloans #studentdebt #debtforgiveness #petition
Liz Warren has been lying for too long about the presidential powers to cancel student debt. However, congress could pass laws to cancel debt, and all kinds of other powerful things. Let's all remind Liz that she has a job, & that job gives her the power, & also the responsibility, to do something useful about student debts.
So let's all say, c'mon, Liz, you can do more than stir up hate!
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Supreme Court, Republicans to blame for lack of debt forgiveness, students say in poll
#SupremeCourt #Republicans #DebtForgiveness #Students #Poll #Education #Politics #News
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Education Dept. Cancels $39 Billion in Student Debt for 800,000 Borrowers
https://www.nytimes.com/2023/07/14/business/student-loan-forgiveness.html
#EducationDept #StudentDebtCancellation #BorrowersRelief #HigherEducation #FinancialFreedom #DebtForgiveness #Politics #News
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US states opposing student loan forgiveness made false claims, files reveal | US student debt | The Guardian
https://www.theguardian.com/money/2023/may/02/student-loan-forgiveness-supreme-court-us-states-false-claims'Newly uncovered documents show that the Republican states fighting Joe Biden’s student loan forgiveness plan have made false claims that they will “suffer injuries”, or rather, be financially impacted by the scheme'
They lied - so not surprising.
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#SouthCarolina ranks 4th worst in the nation when it comes to student debt as a percent of income.
More jobs are requiring college degrees but the high cost of education and low income opportunities afterwards are keeping hundreds of thousands of South Carolinians as servants to their debt when they could be starting families, businesses, and productive careers.
#Education #StudentDebt #DebtForgiveness
"According to estimates from the White House, 681,100 South Carolina residents are eligible for federal student loan forgiveness. That’s about 13.1% of the state’s population."
https://www.thestate.com/news/state/south-carolina/article272623901.html -
Supreme Court seems ready to reject student loan forgiveness
The Supreme Court will hear arguments in a case challenging President #JoeBiden's plan to wipe away or reduce student debt. Twenty-six million people already have applied.
#SCOTUS #StudentLoanDebt #DebtForgiveness
https://apnews.com/article/student-loan-forgiveness-supreme-court-hearing-2128da75fc27ff3bcc0c3804ebd98aa7 -
If you're wondering why we (the USA) should have student loan/debt forgiveness, this #documentary from #MSNBC makes it crystal clear. It aired last night but is available for streaming. (trailer linked below)
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#FBI Warns Student Debt Forgiveness #Scams Are Imminent, Here Are The Red Flags
https://hothardware.com/news/fbi-warns-student-debt-forgiveness-scams-imminent-red-flags
#cybersecurity #datasovereignty #debtforgiveness