Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers

[mystery-ak]

Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
Published Mon, Jan 13 202511:30 AM ESTUpdated 58 Min Ago

Annie Nova

    In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers.
    That relief includes nearly 85,000 people who attended schools that “cheated and defrauded their students,” 61,000 borrowers with a total and permanent disability and another 6,100 public service workers, Biden said in a statement.
In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers.

That relief includes will go to 85,000 people who attended schools that “cheated and defrauded their students,” 61,000 borrowers with a total and permanent disability, and another 6,100 public service workers, Biden said in a statement.

“Since Day One of my Administration, I promised to ensure higher education is a ticket to the middle class, not a barrier to opportunity, and I’m proud to say we have forgiven more student loan debt than any other administration in history,” Biden said.

Since Biden took office, he has forgiven debt for more than 5 million federal student loan borrowers, totaling $183.6 billion in relief.

more
https://www.cnbc.com/2025/01/13/biden-student-loan-debt-forgiven.html

[IsailedawayfromFR]

Am getting awfully tired of this guy taking my money and giving it to people who get degrees in gender studies or whatever.

This is criminal behavior

[mountaineer]

I thought he had no such authority. When will this be challenged?

[IsailedawayfromFR]

I thought he had no such authority. When will this be challenged?

Good question.

Ensuring a process exists of spending only when proper authority is given should be a principal item for DOGE review

[Smokin Joe]

So who got "cheated"? Why is the Federal Government not seeking subrogation for the fraud? One of the parts of growing up (and an important part of one's education) is learning how to avoid being scammed.

[verga]

I thought only Congress could decide how to spend piss away money.