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Yo_Mama_Been_Loggin

(107,839 posts)
Sun Nov 15, 2020, 02:19 PM Nov 2020

Biden Plan to Forgive Student Debt Hinges on Democratic Control of Senate

President-elect Joe Biden’s ability to deliver on his plan to forgive hundreds of billions of dollars in student debt faces steep odds unless Democrats take control of the Senate.

Barring that outcome—which hinges on two Georgia races in January—Democrats have urged a second option: bypassing Congress through executive action. It isn’t clear whether such a move would survive a legal challenge.

During the election campaign, Mr. Biden said he would push to forgive $10,000 in debt for every American with federal student loans to help them cope with the economic disruption caused by the coronavirus pandemic.

He has also called for forgiving any student debt that covered tuition at public colleges for borrowers earning under $125,000, and any student debt owed by those who show they were defrauded by for-profit colleges.

https://www.msn.com/en-us/news/politics/biden-plan-to-forgive-student-debt-hinges-on-democratic-control-of-senate/ar-BB1b0G6y?li=BBnb7Kz

Getting anything done hinges on control of the Senate. Otherwise Moscow Mitch will sit on his wrinkled old ass doing what he does best, nothing.

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Biden Plan to Forgive Student Debt Hinges on Democratic Control of Senate (Original Post) Yo_Mama_Been_Loggin Nov 2020 OP
One thing Biden can do via executive action... mwooldri Nov 2020 #1

mwooldri

(10,302 posts)
1. One thing Biden can do via executive action...
Sun Nov 15, 2020, 02:38 PM
Nov 2020

... simply charge 0% interest on federal student loans. And forbearance. As is being done right now.

Keep that in place until Congress does something agreeable.

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