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The Supreme Court strikes down Biden's student-loan forgiveness plan, blocking debt relief for millions of borrowers (www.businessinsider.com)

submitted 1 year ago by Girlparts@kbin.social to c/news@kbin.social

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The Supreme Court ruled Biden's student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.

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[–] putadickbuttonit@lemmy.world 3 points 1 year ago (1 children)

Loan forgiveness would have helped a lot of people who didn't go to college. People who did not finish their degrees and parents who cosigned on loans were two big benefactors. The blatant hypocrisy of forgiving the PPP loans but then objecting to this forgiveness is what stings the most to me.

[–] BraveSirZaphod@kbin.social 1 points 1 year ago

I get the hypocrisy, but from a legal perspective, PPP loans were explicitly authorized by Congress. This wasn't.