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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 [email protected] to c/[email protected]

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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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[–] [email protected] 6 points 1 year ago (2 children)

These two ideas you present aren't mutually exclusive. Thinking that they are is limiting.

Example: "Oh hey, yeah the current system is predatory and unfair. [Bam, loans forgiven.] Also, because of that injustice, we never want to put anyone into that position again [Bam, affordable higher education]." Do the rich get "more forgiveness" than the poor? Yeah, that's not really a problem if 100% == 100%.

I get that the rich people who pulled up the ladder after getting a cheap college education feel that loan forgiveness is cutting into their earning potential. But the needs of the rich do not and should not outweigh the needs of the many.

[–] [email protected] 4 points 1 year ago

I really don't think it's the rich that are driving a lot of the opposition to this. I'm originally from a very poor rural Missouri town where the vast majority of people don't go to college. As you can imagine, they're not huge fans of the idea of subsidizing loans for people who are statistically going to go on to make significantly more money than they are anyway.

[–] [email protected] 1 points 1 year ago

Also, because of that injustice, we never want to put anyone into that position again

I have literally never seen anyone advocating for loan forgiveness advocating this. Ever. It's not even on the radar.

This is pure self-centered greed dressed up as "fairness".