In a final round of student loan forgiveness, the Biden administration canceled over $600 million in debt for 8,650 borrowers. This relief targets 4,550 individuals eligible under the Income-Based Repayment plan and 4,100 former DeVry University students. DeVry’s debt cancellation stems from a 2022 Department of Education finding of widespread misrepresentation of job placement rates. While DeVry declined comment due to ongoing litigation, they expressed support for student and taxpayer protection through improved processes.
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President Joe Biden’s recent announcement of a plan to cancel nearly $4.3 billion in student loan debt for approximately 55,000 public sector workers is a significant step in addressing the burden of student loan debt. This action, taken in the final weeks of his administration, aims to provide relief to those who have dedicated their careers to public service.
The move brings the total number of individuals receiving debt relief under Biden’s administration to nearly 5 million, with a total forgiveness amount exceeding $180 billion. This substantial investment in debt cancellation has the potential to significantly improve the financial well-being of many public servants and boost their overall quality of life.… Continue reading
A Trump administration would likely prioritize a swift reversal of President Biden’s student loan forgiveness program. This move reflects a fundamental difference in philosophy regarding the role of government in addressing economic inequality and student debt.
The anticipated rollback stems from a deep-seated belief within the Trump camp that such widespread debt forgiveness is fiscally irresponsible and unfairly burdens taxpayers. Arguments against the program often focus on the immense cost and the perceived injustice of forgiving debts that others have diligently repaid.
This proposed action isn’t merely about fiscal policy; it’s deeply intertwined with broader political strategies. A reversal would serve as a powerful symbolic rejection of Biden’s agenda, potentially appealing to a core Republican base that views government intervention in this area with skepticism.… Continue reading
John Q. Hosedrinker 
Matt Underwood