“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.

  • namelessdread@lemmy.world
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    11 months ago

    "The cancellations have come through existing federal student loan forgiveness programs, which are limited to specific categories of borrowers, such as public-sector workers, people defrauded by for-profit colleges and borrowers who have paid for at least 20 years. " -CNN

    These are not rich people.

    These forgiveness programs weren’t even created by Biden.

    You’re intentionally spreading false information.

    • oldbaldgrumpy@lemmy.world
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      11 months ago

      I am not spreading false information, you just don’t like the truth. These people are the next burden on the working class that actually pay their bills. Pathetic.

      • namelessdread@lemmy.world
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        11 months ago

        So you think people who were defrauded or are working public service jobs like teachers are rich people and not working class?

          • namelessdread@lemmy.world
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            11 months ago

            Students who attended colleges or universities that lost their accreditation and were shut down, making those degrees they handed out worthless and literally illegitimate. Those people, who had loans for degrees they couldn’t use from defunct colleges were defrauded.

        • oldbaldgrumpy@lemmy.world
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          11 months ago

          I think they make enough to pay their bills, sure. Teachers even have the summers off for side work. And to be honest, if they don’t understand how loans work should they be teaching our kids?