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why is this race so close?
(lemmy.world)
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this post was submitted on 15 Oct 2024
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The bulk of student loans is held by private entities
This response seems like it’s missing the last few years: you’re aware that Biden’s administration has gone through multiple attempts of exactly this, right? Mostly struck down by courts as exceeding his authority.
15% of student loans is underwritten by private lenders.
They've tried to negotiate with Republicans, fully aware Republicans won't accept their terms.
Ideally such a thing would be a comprehensive reform created by the legislature.
But here are a bunch of successes and partial successes without Repugnicans