Fucking hate the Imperialist Democratic Party, and think there's basically no chance they'll actually pass meaningful student debt relief under Biden.
But a universal vanquishing of the first $50,000 held in student debt by graduates will meaningfully improve the conditions of tens of millions of Americans; for both graduates, and those who did never attended a post-secondary institution alike.
57% of Americans support "forgiving up to $50,000 in student loans for individuals who live in households that make less than $250,000 a year", including a majority of those who never attended a College.
This just seems rich considering Chapo often mocked liberals who were incapable of admitting that Trump can do good things at times, and now they may fall into the same trap of opposing on instinct everything coming from the Biden camp.
Actually people should keep suffering, because stopping it with the stroke of a pen would alienate the working class
If it happens, it will only apply to federal loans, unfortunately; the president has no power over private lenders.
If only it were possible to direct the DoE to provide a federal refinancing option or to otherwise buy private loans. 🤔
If only the government had the capacity to do zero interest loans with deferred payments (and an easy path to debt forgiveness)
I mean for people. They do this shit for corporations all the time.