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Biden Wipes Out Another $1.2 Billion in Student Debt as He Fights to Stay in 2024 Race

Posted on Friday, July 19, 2024
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DAILY CALLER NEWS FOUNDATION—The Biden administration announced Thursday it would forgive $1.2 billion in student debt held by 35,000 public service workers.

President Joe Biden will have forgiven $168.5 billion across 4.76 million student loan borrowers following the most recent round of debt relief, according to the Department of Education. The billions in debt relief comes as the president lags in the polls behind former President Donald Trump and as he faces calls from within his party to drop out of the presidential election due to perceived electoral weakness.

Some Republicans have criticized the Biden administration’s debt forgiveness programs as a ploy to provide financial incentives to vote for them.

“It’s clear there is vote buying going on at a scale we’ve never seen before,” North Dakota Gov. Doug Burgum, a Republican, said during a CNN interview in May. “Citizens understand those are like free election payoffs. Those are like ‘Hey, folks, please vote for us because we’re relieving your debt.’ At what point does it cross over from programs like student debt [forgiveness] to just vote buying?”

The White House, however, contends that student debt relief is a useful mechanism to “ensure higher education is a ticket to the middle class, not a barrier to opportunity,” according to a Thursday press release.

Debt forgiven under Thursday’s order will apply to beneficiaries who qualify under the Public Service Loan Forgiveness program, a nearly two-decade-old initiative that was expanded under the Biden administration to make it easier for government employees to qualify for relief, according to The Washington Free Beacon. Nonprofit employees, teachers, nurses, law enforcement officials, and first responders are among those covered by the PSLF, Axios reported.

Prior to the Biden administration, only about 7,000 people had received relief through the PSLF since 2007, according to Axios. That total has surged to 946,000 under Biden.

Though the Supreme Court blocked Biden’s flagship student loan relief program in June 2023, the president has still managed to cancel billions of dollars in debt by diverting overhauling existing programs like the PSLF, CNN reported.

The White House did not immediately respond to the Daily Caller News Foundation’s request for comment.

Robert Schmad is a reporter at the Daily Caller News Foundation.

Reprinted with Permission from The Daily Signal – By Robert Schmad

The opinions expressed by columnists are their own and do not necessarily represent the views of AMAC or AMAC Action.

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Theresa Coughlin
Theresa Coughlin
3 months ago

what part of “you don’t have the authority to do this.” does Biden not understand?

dan zollner
dan zollner
3 months ago

Half a century in government shows Biden has no idea of a budget or true wealth creation.

Ray Doyle LFP, WA
Ray Doyle LFP, WA
3 months ago

biden and the democrats illegally paying off student loans for loser college students to try and buy votes.

there really is no limit to the corruption and criminal actions of the democrat party.

Robert Chase
Robert Chase
3 months ago

He cannot forgive debt, merely shift it to taxpayers in a different program. Should be illegal and they talk about no one being above the law.

Joe
Joe
3 months ago

Just like obummer, Joebama ignores the SCOTUS ruling and just keeps issuing unconstitutional EOs at taxpayer expense. Just think how liberals would become unhinged if Trump were President and issued EOs against judicial rulings.

uncleferd
uncleferd
3 months ago

Attaboy, Joe!! Keep buying votes with the money we earned, so YOU and your corrupt, “Democrat” party can hang on to the top job and associated honors that you HAVEN’T earned !!!
Hooray !!!

Granny26
Granny26
3 months ago

One MORE reason to NOT vote for Biden. It is OUR TAX MONEY he is using to ‘forgive’ these student loans. They may vote for him because of it but there are many more of us that are paying thru the nose to vote against the dementia ridden POS

David Millikan
David Millikan
3 months ago

The U.S. Supreme Court ruled it is illegal for biden to wipe out student loan debt and on the same day a few days ago the Federal Appeals Court ruled the same thing when he tries to bribe voters by trying to wipe out more student loan debt. Just like h. clinton and obama, biden thinks he’s above the law and the law only applies to those that aren’t democrats.
Another example of why they want to pack the U.S. Supreme Court.

Norma
Norma
3 months ago

what gives this imbecile the right to forgive others their loans? Time to stop letting the government take this money away from hard working people!

Jerry
Jerry
3 months ago

Joe Obiden is making me pay for everyones college educations when I could not afford to go. This idiot is spending our money that we don’t even have.

Robert Zuccaro
Robert Zuccaro
3 months ago

And we’re supposed to believe this azzhat will obey election laws… or the SAFE Act if it passed? But I say GOOD, KEEP TRYING because eventually Rust Belt blue collar workers will see who Democrats care about… besides themselves… rich white Ivy League liberals!

Bill
Bill
3 months ago

The man is a CROOK, a LIAR and a TREASONESS piece of ____ and so is his family

Smike
Smike
3 months ago

So we can forgive student loans while taking away social security benefits. The social security act of 2024 eliminated a decades old rule of spousal survivor benefits that many of us had planned our retirement on for our spouse to have a better life after we’re gone. They replaced it with a benefit that is no benefit, it’s just a jumbled bunch of non-sense that gives nothing to the surviving spouse, This is just the beginning of taking away benefits from those of us who paid social security taxes. Thank you AMAC and AARP for not standing up for us. While you’re off saving the world, seniors are getting crushed.

anna hubert
anna hubert
3 months ago

I guess like Obama Biden too has a phone and a pen .That is all he needs. Brain is not required.

Smike
Smike
3 months ago

Biden wipes out another social security benefit with the Social Security Act of 2024. A benefit that has stood for decades has been removed from our social security benefits and replaced with trash that doesn’t really benefit anyone. This is just the beginning of the end to social security and it’s happening right in front of AMAC and AARP and they’re doing nothing to protect our social security benefits for seniors.

Corbin Douthitt
Corbin Douthitt
3 months ago

What a liar. Biden doesn’t wipe out debt– he transfwers it to the taxpayers that PAY their debts

Dr Dave
Dr Dave
3 months ago

Not sure I understand why our Govt will not prosecute open lawlessness. The SCOTUS already ruled that Biden education give-aways were unconstitutional, yet he continues to blatantly disobey their judgements???? I thought we had 3 equal branches in our Govt???

JML
JML
3 months ago

biden is just a despicable human being! He was when I first saw & heard him, almost 50 years ago, and he remains one even now, in his old, addled, evil shrunken brain!

Thomas D Booth
Thomas D Booth
3 months ago

He is buying votes with taxpayer’s money.

fpatriot
fpatriot
3 months ago

Bidumb keeps trying even though he was told, “that’s illegal and unconstitutional”. He will do anything to get votes, it’s not his money, so he keeps trying! He needs to be put in a nursing home, one that has guards around it and not the Secret Service kind!

Pat R
Pat R
3 months ago

So after getting a slap on the wrist by SCOTUS, Biden (his handlers) find other ways to still ‘forgive’ student debt. The fact Biden is re-allocating funds from within the Administration (Dept of Education for one) previously approved for a different use, is proof those Depts and/or programs they handle need to be dismantled.
I’d be interested in knowing what is the criteria for selection of those who are to receive student loan forgiveness.

Barrett T Smith
Barrett T Smith
3 months ago

Biden wipes his bleep with the Constitution.

Randall L. Beatty
Randall L. Beatty
3 months ago

He wants to look good to the students of this country just saying go to school tax payers will pay your bill for you he knows the colleges did not forgive the debt it just shifted to the tax payers in this country plus he does not have the power to forgive student debt, all just to win votes wait till taxes are raised on the voters of this country see what happens then, he needs to go along with some other Dems in Washington allowing this to happen.

fpatriot
fpatriot
3 months ago

Bidumb and Jill, would do anything, including put America into a recession or worse to stay in power. He needs to be removed from office and ensconced in a nursing home. He no longer knows we have a Constitution, nor what it says or means! He thinks the president can do whatever he wants! Nope, Thank God, there are two other branches of equal authority that he has to answer to.

george
george
3 months ago

just for people to vote for him.

David P. Nelson
David P. Nelson
3 months ago

How can (he) do this? I thought our Supreme Court said NO.

debra
debra
3 months ago

Well I’d Guesstimate It’s Probably 80-20. 80% Demonrat, Communist, Marxist, Globalist & RINO’S & 20% LEFT of the Once.. Republican/Conservative MAGA PARTY….We’ve ALLOWED This for the Last 16+++ YEARS!….I’ve Been Literally Screaming About It For THAT LONG….You Could SEE It All Being Done, Every Single Part of It. Every “Fundamental TRANS-FORMATION” & ALL Their Replacement Migration to Help Get It Done, While They Used Schools, Universities & Hired MORE “Government” Employees, Aka Fellow/DEMONRATS, To STINK UP The REST….Bottom UP…Now, Government Is So Big, They “EMPLOY”” Many Of Their “Voters” & Others They’ve BRIBED, Indoctrinated & Frankly, DUMBED DOWN Then You’ve Got ALL OUR ENEMIES From Foreign Territories THEY’VE USHED, INVITED IN…BY THE “”COUNTLESS”” M I L L I O N S!

President Joe Biden walks with Vice President Kamala Harris along the West Colonnade of the White House, Friday, May 26, 2023, to the Oval Office. (Official White House Photo by Adam Schultz)
President Donald J. Trump delivers remarks at the 2020 Council for National Policy Meeting Friday, Aug. 21, 2020, at the Ritz-Carlton in Pentagon City, Va. (Official White House Photo by Tia Dufour)

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