“The PPP helped ppl remain employed while the govt literally shut down much of the economy -only an intellectual clown would compare that to what Biden is doing now w student loans.” -Rep Norman. *Rec. $616K in PPP. America’s economy is structured to benefit corps & wealthy -patrons of the R pol estab. -at the expense of average Americans.

Student loan burden has become an economic disaster. Total outstanding student loans for higher EDU: ~$1.8T.

#StudentLoanDebtRelief
https://www.latimes.com/business/story/2024-04-16/column-are-republicans-who-got-pandemic-debt-relief-hypocrites-for-complaining-about-student-debt-relief-yes

Biden's revised debt relief aid pkg:

Biden wants the program to survive legal challenges this time. The DOE has made the relief more targeted & turned to the regulatory process. The president initially attempted to forgive student debt thru an EO.

Outstanding fed EDU debt in the US stands at ~$1.6T, & burdens Americans >credit card/auto debt. >40M ppl hold student loans. Revised plan: targets specific groups of ppl, & the interest on the loans-.

#StudentLoanDebtRelief
https://www.cnbc.com/2024/04/17/biden-administration-releases-new-student-loan-forgiveness-proposal.html

🧵Young people and their supporters need to take this anger to the ballot box and vote for Democrats up and down the ballot. A substantial majority in the House and the Senate and a Democratic president can pass laws that will resolve the student debt crisis and render the Supreme Court’s recent ruling irrelevant. 1/ #StudentLoans #StudentLoanDebtRelief #Democrats

Young Americans blame SCOTUS, GOP for unforgiven student loan debt

https://flip.it/cyl7uN

“If the deal passes in its current form, repayments and interest accrual will kick in at the end of August. ... But those hoping for another last-minute extension this time around are out of luck; the debt ceiling agreement specifically blocks President Biden from issuing one without congressional approval.”

#DebtCeilingBill #StudentLoanForgiveness #Politics #StudentLoanCancellation #StudentLoanDebtRelief

https://www.motherjones.com/mojo-wire/2023/06/student-loans-debt-ceiling-deal/

The Senate just passed a bill to block student-loan forgiveness and immediately end the payment pause

https://www.businessinsider.com/did-bill-to-overturn-student-loan-debt-relief-pass-senate-2023-5

#BusinessInsider #StudentLoanDebtRelief #SenateBill #PaymentPause #EducationPolicy #FinancialAid #Politics #News

When do student loan repayments resume? Here's how the debt deal changes things https://www.npr.org/2023/05/31/1179091391/student-loan-repayments-debt-deal-supreme-court #studentloandebtrelief #studentloancancellation What does the debt deal actually change for borrowers?

The deal spells out when repayments resume: 60 days after June 30. If the legislation passes, that means all federal student loan borrowers will be expected to start making payments again after August 29. Their loans will accrue interest then as well.

This is the most recent updates about Student Loan debt relief for those who are interested and utterly confused and disheartened.

The biggest take away, it's up to the Supreme Court. Frankly it's breaking my heart that we depend on a 6-3 court that will likely rule against us.

Here's the run down from this article: https://apnews.com/article/debt-ceiling-deal-food-aid-student-loans-3c284b01d95f8e193bca8d873386400e

"Republicans have long sought to reel back the Biden administration’s efforts to provide student loan relief and aid to millions of borrowers during the coronavirus pandemic. While the GOP proposal to rescind the White House’s plan to waive $10,000 to $20,000 in debt for nearly all borrowers failed to make it into the package, Biden agreed to put an end to the pause on student loan repayment.

Once Biden signs the package, the pause in student loan repayments would end within 60 days.

The fate of student loan relief, meanwhile, will be decided at the Supreme Court, which is dominated 6-3 by its conservative wing. During oral arguments in the case, several of the justices expressed deep skepticism about the legality of Biden’s plan. A decision is expected before the end of June."

#studentloandebtrelief