Will the US forgive $10,000 in federal student debt per person by the 2022 midterms?
18
99
140
resolved Nov 9
Resolved
NO
Resolves the same as this question https://www.metaculus.com/questions/7154/us-forgive-10k-student-debt-before-2024/ but with a deadline of 2022. Apr 29, 7:29pm: deadline of the 2022 midterms (November 8th) to be precise
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predicted YES

Looks like NO, because nobody has actually recieved money yet (it's been held up in the courts), unless someone wants to call me out for ambiguous resolution criteria or something.

predicted YES

@Tetraspace Your resolution criteria are not ambiguous, and you're right that this should resolve NO.

predicted YES

@Tetraspace The linked Metaculus says:

"there is credible evidence that at least one student actually has received the promised debt cancellation from the bill or executive order before January 1, 2024."

So this shouldn't resolve until January 1st 2023 I would think

predicted YES

NVM, misread, you're right

predicted YES

Guardian: Supreme court declines to stop Biden’s $400bn student debt relief plan https://amp.theguardian.com/money/2022/oct/21/supreme-court-case-student-loan-forgiveness-update

Says “a move that will allow the program to start as soon as Sunday”, but don’t know if it has yet?

predicted YES

@Tetraspace More recently:

NPR: Biden's student debt relief plan is temporarily blocked. Here's what you need to know. https://www.npr.org/2022/10/22/1130735004/student-loan-debt-relief-blocked-biden-court (Oct 22)

Vox: Biden’s student debt cancellation program is in grave danger from a Republican judiciary https://www.vox.com/platform/amp/policy-and-politics/2022/10/25/23420652/supreme-court-student-loan-cancellation-forgiveness-debt-nebraska-biden (Oct 25)

predicted YES

Related question:

It’s not exactly a sub- or superset of this question: If there’s an amendment that changes the order slightly but in a way that still results in former students getting their loans forgiven, then that question resolves NO but this one resolves YES.

predicted NO

“How can we forgive your loans if you don’t go to college?” 🤔

sold Ṁ36 of YES

Possible sources of this not happening:

  • Unsure whether the income cap means this doesn't count

  • Supreme court might block it

predicted NO

“This question resolves positively if before January 1, 2024, a presidential executive order is signed or a Congressional bill is signed into law (or other legal means are used) that cancels at least $10,000 of US federal student loan debt for each person, and there is credible evidence that at least one student actually has received the promised debt cancellation from the bill or executive order before January 1, 2024.”

predicted NO

“but these restrictions must not withhold debt cancellation from more than 10% of American citizens at least 21 years old with at least $1,000 of federal student debt”

bought Ṁ10 of YES
Independent: Latest White House plan would forgive $10,000 in student debt per borrower https://www.independent.co.uk/news/world/americas/white-house-student-debt-b2088988.html The threshold for an action to count for this question is that it includes 90% of people with student debt; not sure what % of people are excluded by the tentatively planned $150k threshold. > White House officials are currently planning to cancel $10,000 in student debt per borrower, after months of internal deliberations over how to structure loan forgiveness for tens of millions of Americans, three people with knowledge of the matter said. > President Biden had hoped to make the announcement as soon as this weekend at the University of Delaware commencement, the people said, but that timing has changed after the massacre Tuesday in Texas. > The White House’s latest plans called for limiting debt forgiveness to Americans who earned less than $150,000 in the previous year, or less than $300,000 for married couples filing jointly, two of the people said. It was unclear whether the administration will simultaneously require interest and payments to resume at the end of August, when the current pause is scheduled to lapse. > The people, who spoke on the condition of anonymity because they were not authorised to discuss the deliberations, cautioned that some details of these plans could change before the White House makes the decision official.