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.
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.