Economically distressed borrowers and those with private student loans would also be eligible for $10,000 in debt forgiveness.said he expects few of the bill's provisions to pass the Senate. "Republicans do not like loan forgiveness," he said, adding that the extension of the payment pause could find bipartisan support.
Meanwhile, consumer advocates bemoaned the fact that the debt forgiveness in the HEROES Act wouldn't be offered to all student loan borrowers. "Many borrowers — especially low-income borrowers, borrowers of color and those who lost their jobs due to the pandemic — will still be burdened with historically high student loan debt and will face a potentially devastated economy when they start making payments again," said"Their student loan payments will likely prevent them from recovering and contributing to rebuilding our economy.
It will never become law. Hahaha
But it has to get through McConnell’s senate first (which is incredibly unlikely to happen).
CNBC won’t tell the truth to their readers, so I will... That bill has no chance of passing. It wasn’t even a starting point. Don’t hold your breath for any policies laid out in it to come true.
Won’t happen. Do you think the government actually cares about millineals? 😂
They going to payoff my loans? Oh wait ... I already did that. Going to give me money as well since I had student loans? Guess not. Guess the Leftists have decided buying my vote is not worth it.
No chance in hell 10k in student loan forgiveness.
Make irresponsible borrowers/spenders reap the consequences. Enough with the stimulus.
No money to illegals!
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