no it isn't.
They forgave my loans - 16k and I'm just a regular guy. Same with another guy on my team at work, his was like 80.
it was anyone that had been paying on loan for like 20 years. Everything I read said I wouldn't qualify, but they did it anyway.
It's not "Democrats".
It's not "Blackrock, Vanguard, and State Street"
It's not "Chy-na"
It's not "<redacted>"
It's not "The Military Industrial Completex"
It's not "Big Pharma"
It's not "Soros and his DAs"
It's not even "Schwab and his WEF"
It's not any one of these.
It's all of them.
Don't make the mistake of thinking here is one enemy. The enemy is legion. There are many cabals all working towards their own ends. Sometimes they work towards a single purpose. Other times they're doing they're own thing.
The structure of this "rightfully earned forgiveness" (sic, what?!) does nothing to get the colleges reeled in or correct the predatory usury.
“Today, the Biden-Harris Administration is beginning to discharge loans for 804,000 borrowers who never received the forgiveness they rightfully earned through decades of payments,” said U.S. Secretary of Education Miguel Cardona. “We are standing up for borrowers who did everything right, but whose progress toward forgiveness went uncounted due to past administrative failures that the Biden-Harris team has worked tirelessly to correct.
Several people I know have confirmed that their balances dropped to $0.
I don't recall a budget approval for this. Dictator in Chief is still making up the rules as he goes.
abc says less than 1 million affected, Whitehouse says 10s of Millions affected.
https://abcnews.go.com/Politics/biden-administration-begins-wiping-student-loan-debt-804000/story?id=102264052 https://www.ed.gov/news/press-releases/us-department-education-estimate-biden-harris-student-debt-relief-cost-average-30-billion-annually-over-next-decade
There's a green txt going around saying it was hovering and brought down by small arms fire. If it was hovering, the wreckage looks more believable than linear flight.