GOP Pushes Bill to Stop Student Loan Forgiveness Ever Happening Again

https://www.newsweek.com/republicans-stop-student-loan-forgiveness-bill-glenn-grothman-2013104

36 comments

  2. Gotta keep those uppity Americans down in debt and knowing their place while they outsource cheaper labor. MAGA~

  4. cool, i guess corporate bailouts are next, right? RIGHT?

  5. They fucking hate you and want you to suffer. How much proof do you need to understand this?

  6. The GQP are all about that “I got mine, fuck you” mentality. So Christian of them.

  8. That’s more money to forgive billion dollar Corporate loans I guess.

  9. bastards bailed themselves out with the PPP loans which congress let vanish into thin air

  10. Not sure why they’re even bothering. Democrats got zero credit for it from their voters, so they’re certainly never going to attempt it again.

  12. So remember under 40 year olds. The GOP not only doesn’t care about you. But wants to actively spite you. The original bill these forgiveness programs were done under were either people scammed by people like Trump or people that took loans under the understanding if they worked 10 years their remaining loans would be forgiven.

  13. I’m going to go out on a limb before I read the story and predict that this bill won’t provide education cost-free.

  14. So…can we declare bankruptcy on them again?   Our dear leader exploited that loophole multiple times.  

  15. Won’t you think of the loan companies! and their poor c suite executives!

  16. You know what we don’t hear Republicans complaining about? How Trump’s massive corporate tax cuts, accelerated the national debt, the debt they pretend to care about.

    Republicans also don’t complain about the PPP loans they received and never had to pay back.

  18. what about those PPP Loans that were so obviously abused…

    you care about that money, right?

    after all, we’re talking about people who knowingly defrauded the American taxpayer… we want to protect the pocketbooks of whom???

    oh, right…

  19. There is so much more to student loan debt than simply getting financially screwed. It makes you vulnerable. Vulnerable people have less flexibility to negotiate, so they accept lower wages and worse working conditions.

     This isn’t some secret to the right. Every single one of their primary policies seeks to entrap the vast majority of the population into economic slavery so it’s easier for them to own the country and the world.

    It’s amazing how effective their emotional rhetoric is, readily mobilizing the masses to dig their own graves. 

    It’s not enough to hope that history books will eventually acknowledge the injustices of our society, so many will suffer and die so that things like a sociopath can live out his wildest fantasies, like pretending to be the best at completely arbitrary games.

  20. They want to keep you sick, broke, and uneducated. Never forget. Every decision about abortion, loans, health care, unions, whatever. You need to be controlled

  21. When a country of billionaires buy an election and want to end help for their citizens.

  22. I bet most people dont even know anything about the debt forgiveness programs. They dont even know what they are fighting against.

    Biden-Harris Administration Approves Additional $4.28 Billion in Student Debt Relief for Nearly 55,000 Public Service Workers
    Latest action brings approved relief to almost $180 billion for 4.9 million borrowers

    The Biden-Harris Administration announced today the approval of $4.28 billion in additional student loan relief for 54,900 borrowers across the country who work in public service. This relief—which is the result of significant fixes that the Administration has made to the Public Service Loan Forgiveness (PSLF) Program—brings the total loan forgiveness by the Administration to approximately $180 billion for nearly five million Americans, including $78 billion for 1,062,870 borrowers through PSLF.

    “Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered,” said U.S. Secretary of Education Miguel Cardona. “With the approval of another $4.28 billion in loan forgiveness for nearly 55,000 public servants, the Administration has secured nearly $180 billion in life-changing student debt relief for nearly five million borrowers. The U.S. Department of Education’s successful transformation of the PSLF Program is a testament to what’s possible when you have leaders, like President Biden and Vice President Harris, who are relentlessly and unapologetically focused on making government deliver for everyday working people.”

    The PSLF Program provides an incentive for Americans to pursue and remain in careers in education, public health, law enforcement, emergency response, and other critical public service fields by forgiving borrowers’ remaining student loan balance after they have made the required 120 qualifying monthly payments. The relief announced today includes both borrowers who have benefitted from the Administration’s limited PSLF waiver, a temporary opportunity that ended in October 2022, as well as from regulatory improvements made to the program during this Administration.

    In addition to these fixes to PSLF, the Biden-Harris Administration also implemented further improvements to PSLF to make it easier for borrowers to participate in the program. As of July 2024, the PSLF Program is now fully managed by the Department via StudentAid.gov, rather than by a single loan servicer, making it easier for borrowers to track their progress toward forgiveness.

    An Unparalleled Record of Support for Federal Student Loan Borrowers

    Since day one, the Biden-Harris Administration has been committed to helping borrowers who have struggled with the burden of student loan debt. Over the past four years, the Administration has approved nearly $180 billion in student debt relief for 4.9 million borrowers through various actions, taking historic steps to aid hardworking Americans across the country who have worked to repay their student loans but remained in debt.

    In total, the Biden-Harris Administration has also approved:

    $56.5 billion for more than 1.4 million borrowers through Income-Driven Repayment, including the Saving on a Valuable Education SAVE plan. This includes administrative adjustments to income-driven repayment that brought borrowers closer to forgiveness and addressed longstanding problems due to past inaccuracies and the misuse of forbearance by loan servicers.

    $28.7 billion for more than 1.6 million borrowers who were cheated by their schools, saw their institutions precipitously close, or are covered by related court settlements.

    $16.2 billion for almost 572,000 borrowers with a total and permanent disability.
    In addition to ensuring that student loans are not a barrier to educational and economic opportunity for students and families, the Administration also secured a $900 increase to the maximum Pell Grant—the largest increase in a decade—and finalized new rules to help protect borrowers from career programs that leave graduates with unaffordable debts and insufficient earnings.

    [source. this is debt forgiveness for people who are in shit paying jobs teaching kids, police, firefighters, nurses, doctors working for government ](https://www.ed.gov/about/news/press-release/biden-harris-administration-approves-additional-428-billion-student-debt-relief-nearly-55000-public-service-workers-0)

    Or other public works people, road crew guy at DoT, and so on….

  23. Looking back at history, I’ve always wondered how disadvantaged the common man had to be compared to the ruling class for someone to make the choice to turn to political violence.

    I can honestly say that I finally understand it.

  24. And lol at the GOP voters who need this, yet voted GOP anyway. I’m sure there are thousands if not millions.

  25. So keep telling students that they need a good college education to get ahead in life, no matter the cost, saddling them with a lifetime of crippling debt.

    Then layoff millions in the tech sector, so they can be replaced with H1B visas, who will accept any low salary and abusive workplace rather than get sent back to work in their village’s shoelace factory at 50 cents a day.

    Now those same Americans, with crippling student loans that their high school guidance counselors convinced them was a good investment in their future, have to accept the same wages, or have no job at all.

  26. Need a bill to stop PPP loans from getting forgiven again in the future too.

  27. >Legal questions aside, the pattern of encouraging student debt cancellation is insulting to every American who paid their loans or never attended college.

    I sufffered so it’s not fair if you don’t also suffer. That’s what such statement read like to me.

  28. Remember when they sold the idea of college on wages keeping up with inflation? Anyone else ‘member that part of the good ‘ole high school college application push?

    Anyone?

  29. Here we go!!! Hold on to your butts we got at least two more years of this shit.

    I hope someday I will be able to create a bill that is titled Save Taxpayers From All GOP Policies …and then create a clause that specifically states that this includes freeing taxpayers from the bloated military budget.

  30. “Fuck them kids, am I right?” -Republicans

    “Why aren’t enough kids fucking to repopulate our nation?” – also Republicans

  31. Bernie should tack on an ammendment to prevent PPP loans from ever being forgiven again.

  32. I’m not a student or a borrower. I’d still vote for shit like this. I don’t have children in school, I’d vote for free lunches too.

    I don’t get why people are so hateful. This will help tons of people get back on track. I don’t care if taxpayers fund it. It’s better than missiles and tanks.

    They will stand here and tell us we can buy jets and tanks that are tests that cost million on millions. We can’t fix student loans though. It costs too much.

    They have money for wars but can’t feed the poor. -Tupac

    We as citizens can fund any project necessary. We just don’t have the right people doing the right thing.

  34. So fucked up. Cutting taxes and offering bailouts to corporations and capital holders is fine – that “creates jobs” and “trickles down”. Offering relief to student loan borrowers though is robbing the American tax payet. Seriously, fuck the GOP traitors, crooks and corrupt grifters – all of them.

  35. Fine. Then not a single penny to bail out a corporation ever again.

  36. Good to see somebody’s finally tackling the homeless banker problem.

    And we’ve got an encampment of unhoused hedge fund managers living on the river bank in our area. Nobody ever thinks about them either.

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