cross-posted from: https://lemmy.ml/post/21841560
this post was submitted on 27 Oct 2024
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Late Stage Capitalism
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I didn't say the forgiveness happened under bush. The program began in 2007. Until Biden took office, there was a 98% denial rate and 7,000 borrowers had completed it. By 2023, that number increased to well over a million, partially by correcting unjustified denials and allowing for the retro-application of qualifying payments. You think there was just a coincidental 14,000% increase in PSLF loans forgiven in Biden's first two years? Or maybe it's related to the $175 Billion in loan forgiveness for the 4.8 Million Americans that received it? Incidentally, PSLF is less than half of the total student-debt burden eased under Biden.
Again, there's a lot to criticize about Biden. Why you all are digging your heels in about something for which, on the whole, he's proactively done a lot about (and with relative succes despite robust opposition), I'm not sure.