Astra Taylor of the Debt Collective, is urging President Joe Biden to cancel more student debt, including for older debtors, before the end of his term.
According to the White House, the administration has approved $175 billion in student debt relief for nearly 5 million borrowers over the past four years, but advocates say Biden can still do more in his final weeks as president. "This is a Titanic moment for the Biden administration. They have crashed into the authoritarian iceberg of the Trump administration, and it is their duty to fill as many lifeboats as possible," says Taylor.
She faults the administration for insisting on a case-by-case approach to debt relief instead of canceling debt for larger swaths of debtors, including many with "ironclad claims," urging the White House to use all the legal tools at its disposal.
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I've got 27k in student loans and about 10k in medical bills. Definitely a common thing to have both. I think school should be free so no student debt either, but the medical debt held by millions of Americans is especially gross.
Free college is not free. Someone has to pay the bill. 'Free college' means high tax bills for everyone.
Don't hold your breath, career politicians will be career politicians
Nobody forced people to go to college and to take out student loans. People willingly took on dept. It is only right, proper for people to pay back their student loans. If people with student loans get a free ride, why not add car loans, credit cards, mortgages, and credit lines to dept forgiveness? How is forgiving student loans fair to people that paid back their student loans, did not go to college, and more broadly, the American taxpayer? Instead of trying to find ways to shirk their legal obligations, people should get on with paying their depts, being the people they committed themselves to being.
I doubt that Biden will do that
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