The US Supreme Court struck down Biden's student loan forgiveness plan

@NJChicaa (119641)
United States
June 30, 2023 10:00am CST
It was supposed to eliminate $10,000 in student loan debt for most borrowers and up to $20,000 for recipients of PELL grants which are for lower-income students. It was widely expected that the court would invalidate Biden's plan. I had mixed feelings about it. After 22 years of graduating/working I still owe almost $5000 in loans so I certainly wasn't going to be upset if that was wiped out, especially after so many people received hundreds of thousands and millions of dollars in PPP "loans" that didn't have to be repaid during COVID. Biden is supposed to announce some new plans regarding student debt relief this afternoon. I will be interested to see what they are.
https://www.cnn.com/politics/live-news/supreme-court-decisions-06-30-23/index.html
6 people like this
6 responses
Four Walls
@FourWalls (68084)
• United States
30 Jun 23
I have a feeling that, if the Republicans stay in power in one branch of Congress, they’re going to insist on accountability and repayment of some of that “free covid money” that Orangeface gave away. At least, I hope so.
1 person likes this
NJ Chicaa
@NJChicaa (119641)
• United States
30 Jun 23
Doubt it since many of them received it
2 people like this
DW Davis
@DWDavis (25805)
• United States
30 Jun 23
Republican accountability is an oxymoron.
1 person likes this
Four Walls
@FourWalls (68084)
• United States
30 Jun 23
@DWDavis — yeah, I know. Actually, political accountability is an oxymoron, but it seems like the GOP (grafting old pukers) are trying to corner the market.
DW Davis
@DWDavis (25805)
• United States
30 Jun 23
I don't like the decision, but I understand it. Technically, forgiving the loans amounts to spending, and all spending bills must originate in the House of Representatives. The things that anger me about it are, like you, why were all those Republican Congress members forgiven for their PPP loans? Why were they even allowed them to begin with?
1 person likes this
DW Davis
@DWDavis (25805)
• United States
30 Jun 23
@NJChicaa This whole student loan forgiveness debacle has been keeping Son2 and GF on tenterhooks for a while. He's prepaid all his interest and will have to start paying down the principle soon unless something is finally decided.
1 person likes this
NJ Chicaa
@NJChicaa (119641)
• United States
30 Jun 23
Yeah same here. The PPP loans that were "forgiven" are A-OK but student loan relief is not.
1 person likes this
Anindita Sengupta
@aninditasen (16397)
• Raurkela, India
1 Jul 23
If the students who have availed loans are earning well now, I don't think the US government should give them relief from the loan. The country's economy will suffer.
1 person likes this
LindaOH
@LindaOHio (178877)
• United States
1 Jul 23
For your sake, I hope it goes through.
John nyambegera
@thebos (5960)
• Kisumu, Kenya
30 Jun 23
I never imagined that there is a debt in the us
1 person likes this
Centrine Atieno Ong'aria
@Centrine (48)
• Nairobi, Kenya
30 Jun 23
Oh, that's quite a hot topic! The Supreme Court's decision on the student loan forgiveness plan was expected, but it leaves us with mixed feelings. Many were hoping for some relief, but we also understand the complexity of the issue. Let's hope for more thoughtful solutions to tackle student loan debt in the future