From Bloomberg News reporters Justin Sink and Akayla Gardner:
President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.
The move — which represents the cancellation of $4.28 billion owed on federal loans — pushes the total number of individuals who have received relief under Biden administration programs to nearly 5 million, the White House said. In total, about $180 billion has been forgiven.
This is great! But is it means tested?
I just don’t want any rich kids getting free school. Those damn rich kids and their student loan schemes.
Means testing has been a thorn in the side of american social safety nets for a long time. It creates a very easy way to lower benefits (the means line) and tends to result in reducing effectiveness as folks who could use a bit of help and then could move to the positive colomn tend not to recieve it but others who technically should not can by being immoral and paperwork savy. It also creates a larger beuracracy of those who have to evaluate the means criteria. just no please.
So because a couple of rich kids get free school, literally thousands of others can go get fucked. Thank God we stopped those 3 rich kids from getting free education.
That’ll show those rich assholes who’s boss.
Who cares about all the collateral damage when you can stick it to some rich kid who… Checks notes… Can just pay for it anyway like it never mattered in the first place. Meanwhile, poor people have to end up with 3 jobs just to make the interest payment.
You’re a clown and a fool.
I think the comment you were answering is sarcastic.
Perhaps, but means testing is a Republican dog whistle that people will belt out with their full chest.
Rich kids don’t have student loans
That’s the joke, I think
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