The Biden administration is moving ahead with a new path to student loan cancellation for Americans who face steep medical bills, child care costs and other types of financial hardship that prevent them from repaying their loans.
Announced Friday, the proposed rule is President Joe Biden’s third attempt at student loan cancellation as he faces repeated legal challenges from Republican states. His first plan was rejected by the Supreme Court last year, and his second plan has been temporarily halted by a federal judge in Missouri.
The new rule would have to clear a number of hurdles before it becomes official, and it’s unclear if it could be realized before Biden leaves office in three months. Like Biden’s other loan forgiveness proposals, it could face court challenges from conservatives who say it’s unconstitutional and unfair.
If finalized, the new rule would allow the Education Department to proactively cancel loans for borrowers if the agency determines they have an 80% chance of being in default on their loans within two years. Others could apply for a review to determine if they meet the criteria for cancellation.
He needs to go further and stop the loans all together and force these mega schools to go free if they’re state run colleges. It’s bullshit that these schools are fed federal/state money and then continue to paywall education for everyone.
https://youtu.be/zN2_0WC7UfU
I’m financial hardship is he going forgive my loans?
Hi financial hardship, I’m dad!
Another thing they need to do is be ban public schools from accepting any international students until all qualified American citizen applicants have been accepted. We pay taxes for these schools, we should be the ones using them first.
That’s a completely ridiculous stance. Most international students are part of exchange programs meaning that for everyone attending one of our schools, one of our students gets to study abroad in a school from their country. These exchange programs allow people to be exposed to new ideas and perspectives and promote cross-cultural understanding, both by our country’s students experiencing other cultures and from foreign students sharing their perspectives and experiences with people at home. Isolating ourselves like that would reduce the spread of knowledge and ideas, for literally no reason.
Yea…no. that’s some isolationist crazy shit.
Then our taxes should stop funding these institutions.
Exchange programs better schools, which is why we have them. Also research between schools and countries are highly beneficial which I would argue is the most important part of higher education. If you want to send all American students to trade schools they wishto go to and qualify for, I’m on board with that. The value of Universities is being diminished and viewed as grade school by to much of the population.
They love international students because they pay the full price. The cost for American students is partially payed with tax money.
Yeah, I live near UIUC, they have a recruitment office in China. They love those students because they pay much higher tuition. Meanwhile local kids could only dream of going there. It’s all rich kids from Chicagoland. The tuition there is crazy, something like $30k/year. I see rich kids driving around campus in lambos.
Not including other fees and expenses