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The Supreme Court rejects Biden's plan to wipe away $400 billion in student loan debt (apnews.com)

submitted 1 year ago by [email protected] to c/[email protected]

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

How many were paid off by the student loan companies.

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

I was under the impression the student loan companies did not care. They were getting paid regardless.

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

Maybe that is correct. I'm not sure who was giving the money back.

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

The government was going to pay off the loans. This is why MOHELA publicly said it was all the same to them. Internally they projected increase revenue from forgiveness.

https://truthout.org/articles/report-central-legal-case-against-student-debt-relief-is-fundamentally-false/