MicroWaveAug 7, 2023

Conservative groups sue to block Biden plan canceling $39 billion in student loans

https://lemmy.world/post/2802520

Conservative groups sue to block Biden plan canceling $39 billion in student loans - Lemmy.world

Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

Show threadAoxomoxoa35Aug 7, 2023
If the forgiveness fails to go through, I wish they’d at least set the interest rate to 0% and/or make the minimum payment something ridiculously low like $20/month. Both would help a lot
Show threadMasterOBee Master/KingAug 8, 2023
Why should they do that?
Show threadSir_KevinAug 8, 2023
If the debt is impossible to pay off in a lifetime, people simply won’t pay at all. There’s no point. If they make it possible then more people will try.
Show threadMasterOBee Master/King

If the debt is impossible to pay off in a lifetime, people simply won’t pay at all.

someone with a college degre makes 1-1.5m more in their lifetime than without.

Does anyone you know have 1m in student loans?

Aug 8, 2023 at 1:41amWeb
Show threadSir_KevinAug 8, 2023
Not everyone lives under ideal circumstances regardless of what document they achieved in the past.