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Author Topic: Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator  (Read 236 times)

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Offline mystery-ak

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Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
« on: January 26, 2022, 05:31:42 pm »
Jan 26, 2022,10:44am EST|
Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
Adam S. Minsky

Advocates for student loan borrowers, and their allies in Congress, are continuing their campaign to convince President Biden to enact widespread student loan forgiveness. And the issue may be coming to a head soon, at least according to one key senator.

“The White House is making a decision now” on student loan cancellation, said Senator Elizabeth Warren (D-MA) this week in an interview with Teen Vogue. Warren has been one of the leading voices in Congress calling on Biden to cancel student debt.

Here’s the latest.
Student Loan Forgiveness: Can Biden Act Without Congress?

Student loan borrower activists and a broad coalition of civil rights, consumer rights, and labor rights organizations have been arguing for over a year that President Biden has the legal authority to cancel student loan debt through executive action. And they want him to enact sweeping student loan forgiveness of upwards of $50,000 per borrower.

more
https://www.forbes.com/sites/adamminsky/2022/01/26/biden-may-be-making-a-decision-now-on-student-loan-cancellation-says-key-senator/?sh=cae79d12c93e&utm_source=ForbesMainTwitter&utm_campaign=socialflowForbesMainTwitter&utm_medium=social
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Offline Killer Clouds

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Re: Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
« Reply #1 on: January 26, 2022, 07:56:50 pm »
How about mortgage forgiveness or car loan forgiveness or medical payment or credit card debt forgiveness?
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Offline DefiantMassRINO

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Re: Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
« Reply #2 on: January 26, 2022, 08:01:46 pm »
Could I get $50,000 shaved off my mortgage balance?
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Offline Cyber Liberty

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Re: Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
« Reply #3 on: January 26, 2022, 11:09:00 pm »
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Offline Fishrrman

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Re: Biden May Be “Making A Decision Now” On Student Loan Cancellation, Says Key Senator
« Reply #4 on: January 27, 2022, 01:04:46 am »
As I've predicted on this forum several times before:

The student loans will either be:
1. "forgiven" by the government (up to a certain amount, with certain conditions)
or
2. Existing bankruptcy laws will be revised to permit the discharge of student loan debts, same as with other ordinary debts.
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