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I understand why you are upset. The federal govt. tried to forgive student debt last year and it was declared unconstitutional by the Supreme Court due to chall
by glitchc 3y ago
I understand why you are upset. The federal govt. tried to forgive student debt last year and it was declared unconstitutional by the Supreme Court due to challenges brought by some Republican members. The govt. is trying again this year, as of two days ago: https://www.ed.gov/news/press-releases/biden-harris-administration-continues-efforts-provide-debt-relief-more-student-loan-borrowers https://www.ed.gov/news/press-releases/biden-harris-administ...
During the pandemic, the federal govt. paused all interest payments on student debt, effectively setting the payable interest rate to zero. That moratorium ran from 2020 and expired just last month, in Sept 2023: https://studentaid.gov/announcements-events/covid-19 https://studentaid.gov/announcements-events/covid-19
Prior to that, the Obama administration launched a student loan forgiveness programe called PAYE (Pay As You Earn) in Oct 2011, which was later expanded to the REPAYE program to reduce the barrier to entry. Lots of sources available online to read about this, here's one: https://www.debt.org/students/obama-pay-as-you-earn/#:~:text=President%20Barack%20Obama%20first%20announced,20%20years%20of%20qualified%20payments https://www.debt.org/students/obama-pay-as-you-earn/#:~:text....
- recursivedoubts 3y agoif you are genuinely interested in a different, historically significant (this was the Wests understanding of usury for over 1000 years) take on usury, this is a good place to start: https://zippycatholic.wordpress.com/2014/11/10/usury-faq-or-money-on-the-pill/#1 https://zippycatholic.wordpress.com/2014/11/10/usury-faq-or-...