Apply for student loan debt forgiveness

Re:Apply for student loan debt forgiveness by jabagonuts on Friday October 14, 2022 @10:37PM (#33211167)

Having not seen the actual law or executive order or whatever legal reference document, one thing that has not been clearly covered by the media or in debates or even the studentaid.gov website is whether or not this law applies only to current federal loan borrowers, or also extends to those under the prescribed income limits who paid off their federal loans years, or even decades ago.

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Re:Apply for student loan debt forgiveness by pb7 on Friday October 14, 2022 @10:51PM (#33211239)

It is definitely not the latter and that’s what makes it unfair. If it was fair, they would cut the same $10K check to everyone that had paid for higher education in the last X years and meets the income criteria.

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Re:Apply for student loan debt forgiveness by jabagonuts on Friday October 14, 2022 @11:20PM (#33211403)

Are you sure? What’s your source? Even the Biden administration is cryptic on this point. After posting my original comment, I’ve been doing additional research.

https://www.whitehouse.gov/briefing-room/statements-releases...

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Re:Apply for student loan debt forgiveness by pb7 on Friday October 14, 2022 @11:28PM (#33211449)

Thanks for the link. I don’t read the news so it’s the first time I’m seeing it. I didn’t see anything in there that alluded to people not currently in debt getting anything which matches what I had read in the past when this policy first surfaced.

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Re:Apply for student loan debt forgiveness by OrangeMonkey on Friday October 14, 2022 @10:53PM (#33211256)

Or, alternatively, if this is actually legal.

Congress holds the powers of the purse and this is an executive order by a president a few weeks away from midterm elections. This is going to be litigated.

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Re:Apply for student loan debt forgiveness by jabagonuts on Friday October 14, 2022 @11:26PM (#33211436)

My comment is not concerned with legality - I’ll leave that to congress and the courts. I’m merely pointing out the obfuscation of eligibility requirements.

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Re:Apply for student loan debt forgiveness by rtp4me on Friday October 14, 2022 @10:59PM (#33211300)

I agree. In fact, I don't think the President can forgive student debt loan - that is a job for Congress[0]

[0] https://www.heritage.org/the-constitution/commentary/can-bid...

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