• BombOmOm@lemmy.world
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    2 years ago

    Biden should have gotten congressional approval. It is why the PPP loans were a thing and these aren’t right now.

    • Rusticus@lemmy.world
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      2 years ago

      He did do what he could but ultimately Republicans care about bailing out themselves, their friends and private businesses and don’t give a shit about regular citizens.

        • Logi@lemmy.world
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          2 years ago

          Or maybe we just don’t agree that taxpayers should bail out the poor

          FTFY

          • BombOmOm@lemmy.world
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            2 years ago

            College graduates make more than the average high-school graduate by a large margin. College graduates are hardly ‘the poor’, particularly after they get into the workforce and start making money.

    • zoodlenoodle@lemmy.world
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      2 years ago

      He doesn’t need congressional approval. The President can use the Higher Education Act authorization and direct his Secretary of Education to modify or waive any and all loans.

      Waiting to see if he follows through on this. No idea why the White House tried to use the Heroes Act to justify the cancellation, but it’s clear that if Biden chooses not to enact cancellation with the Higher Ed Act that it was always meant as a carrot on a stick for young voters.