For decades, lawmakers shaped policy to benefit for-profit companies, nonprofits and state-affiliated organizations that earned money from the federal student-loan system, sometimes to the detriment of borrowers. Now, threats to these organizations’ bottom line could derail the Biden administration’s debt-cancellation plans.
In their lawsuit asking the court to strike down the debt forgiveness plan, six Republican-led states are arguing that they’ll be harmed by the cancellation program — and therefore have the right to sue...
Go to work and pay off your LOAN like everyone else did!
Federal govt should get out of student loan biz. If so many can’t pay STOP making loans. It’s also competing with private industry - private loans. Something that shouldn’t be done in America.
Worse president ever
Because it shouldn’t be forgiven. You took on that debt.
It seems like for decades they have trapped people into pay outrageously for a mediocre education. Who cares about their bottom line? It sure is not “We The People”. Just like the electrical grid, oil, big sugar, everything is set up for the rich to get richer and the people poor