A federal judge dismissed a lawsuit brought by two conservative groups intended to halt the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers. In an…

A federal judge dismissed a lawsuit brought by two conservative groups intended to halt the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.

  • afraid_of_zombies@lemmy.world
    191·
    1 year ago

    1. It is denying the Democrats a win.

    2. Their districts are less educated so it doesn’t impact them as much

    3. It gets them redhatter votes

    You are right, long term policies like this are going to cripple our ability to compete. At a certain point we won’t be able to just depend on a stream of educated immigrants and kids of the super rich.

    Edit: you can also read what they claimed in the suit

    Adjustment will “extinguish the incentive for nearly a million student-loan borrowers to seek debt forgiveness through PSLF and thus will disadvantage [Plaintiffs] in the market to recruit and retain” borrowers as employees

    They won’t be able to get workers if workers have less debt. Don’t even try to hide it sometimes.