Biden May Support Only $10,000 In Student Loan Forgiveness

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In public remarks today introducing his nominee for Secretary of Education, Biden reiterated his support for broad student loan forgiveness, but suggested it would be capped at $10,000.

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Biden has largely sidestepped questions about whether he would enact a student loan forgiveness program using executive authority. Instead, he has called on Congress to enact student loan reform. Progressive members of Congress and consumer rights advocates have pointed to a provision in the Higher Education Act that, they argue, provides expansive authority to the President to “modify, compromise, waive, or release student loans.

 

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It's better than nothing. I'll take it.

Good god he just sucks so fucking much holy shit. I mean not surprising but good grief he sucks shit. I’ve not even got student loan debt.

Sad

JoeBiden knows that there is a run off in Georgia right? Dems are doing all we can to win the Senate and he comes out with this ! No Bueno . He can do $50,000 and by Executive order. Stop playing 😡

I gave up vacations, repair my own cars, don’t drink, & saved earnestly to take care of my family & my kids college, and taught them to make good choices. All this free tuition and forgiveness talk are only teaching these kids to be entitled and make stupid choices.

Or we could actually do what’s already in place, & have loan forgiveness based of Income-based payment plans of 10 -15 years. That way they pay some back & if someone still hasn’t paid it off by then then it’s forgiven. But I think the schools & banks need skin in the game also.

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And y’all voted for this guy ...

If we ever reach a higher level of student loan defaults, people are going to wish there had been loan forgiveness. As it is, the limitations student loan debt has placed on a generation of students will hurt us all in the long term. We shouldn’t be so short-sighted.

*Only* $10,000? I worked my butt off and paid off my student loans, of tens of thousands in interest and principle. Will I get a $10,000 reimbursement?

I no get money... You see 30Billion for my account? 😂

Here’s the deal - Joe Biden.

This guy isn't gonna do shit for us, he can't even put together a sentence. He's just as crooked as the rest.

The US will never have free education or universal healthcare system their too greedy.

All student loans should be payable out of future income tax with a max 2% tuition increase cap for the future. Guaranteed first look for civil jobs for applicants that are in this program. Education lasts a lifetime.

Sounds good. That is a lot and a gift.

Shoot, I'll take it!

Bear in mind these freebies by a world leader is a bad example for others to follow. $300 per household due to covid etc.. COVID does not differentiate any so why should the govt?

What about the next generation of college students? Fix the Universities that overcharge tuition, hidden fees, and administrative overheads.

sounds fair to me

Only?

Or he 'may' not. Don't you ever get tired of this weaseling?

Well 10 thousand USD is a lot

Only.... I didn't get any help from the government. I paid mine off like a big girl

Every American needs to learn that there are other countries with FREE tuition form great universities. Pack up, live abroad, and don't take the debt that is labeled the American Dream. Student loan debt is modern day indentured servitude covered in rhetoric. studentloans

Boooooo

People actually voted for this guy. What a world...

He shouldn’t support any

And here we go! Broken promises. Voters = Idiots 🐑🐑🐑🐑🐑🐑🐑🐑!!!

This is the hour to Embrace RIGHTEOUSNESS.

That is more reasonable and budget responsible

🤣🤣🤣Sanders and Warren supporters got played.

He’s not even in office and is starting to piss a lot of people off that he made “promises” too...... good luck

10,000 too much

Haha guess he'll be flip flopping about a lotta promises

All those votes based on promises. lol!

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