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this post was submitted on 05 Apr 2024
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You've unironically shown that he is making an impact. Since taking office the rate of increase slowed down to the point that actual debt has gone down.
Presidents can seldom make decisions that show immediate results and drop things instantly, especially if they don't also have Congress. Where you can see their effect is on the derivative of numbers like this, and that is a decidedly better graph.
Yeah, I showed that he barely made a dent. The problem is that most of that is forgiving loans for:
So the low-hanging fruit is gone and this is the best we can expect of this trend. Reminder that it only got this bad because of biden in the first place: https://www.theguardian.com/us-news/2019/dec/02/joe-biden-student-loan-debt-2005-act-2020