Biden Administration's Student Loan Debt Plan Masterthread

[ss20ts]

update
Supreme Court leaves student loan settlement in place : NPR

This is different than the student loan forgiveness that impacts all federal student loans. This settlement is due to colleges who scammed students and/or violated the law. Many of these colleges no longer exist yet students had to repay on the loans from schools who lost their accreditation, closed abruptly, oversold on their success rates which is ridiculously comment, etc.

Yes, of course you're right.  I guess it all just seems sorta connected to me.

Not really. The government has been cancelling student loans from these types of colleges for years. ITT, Concordia, countless others. All cancelled because the schools went belly up and fraudulent.