Federal student loans were not accruing interest when Biden took office. Now they are. They could have helped everyone by not raising the interest rates.
One of the other replies mentioned a recent 5 Bn USD forgiveness of Student Debts, but actually the total amount the Biden Admin has forgiven is 132 Bn USD through various means. They also still plan to go through with the full forgiveness that was initially blocked by Conservative State Attorneys and the Supreme Court on June 30th, in total it will forgive 430 Bn USD.
well they sure as fuck stopped trying
Nonsense.
https://www.ed.gov/news/press-releases/biden-harris-administration-announces-nearly-5-billion-additional-student-debt-relief
They can’t help everyone, or even the majority, but they’re helping as many people as they can.
Federal student loans were not accruing interest when Biden took office. Now they are. They could have helped everyone by not raising the interest rates.
They weren’t accruing interest because of COVID. Do you think Biden could have unilaterally kept it at 0% indefinitely?
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One of the other replies mentioned a recent 5 Bn USD forgiveness of Student Debts, but actually the total amount the Biden Admin has forgiven is 132 Bn USD through various means. They also still plan to go through with the full forgiveness that was initially blocked by Conservative State Attorneys and the Supreme Court on June 30th, in total it will forgive 430 Bn USD.