Another group of people on social media criticized Biden’s. Why? While they recognized the magnitude of the headline number of $1 billion, they mentioned that the actual amount of student loan forgiveness paled in comparison to both the amount of outstanding student loan debt and the aggregate numbers of student loan borrowers. For example, theshow that 45 million borrowers collectively owe $1.7 trillion of student loan debt.
” Some of these student loan borrowers attended schools that closed, while others say their college defrauded them. If your school misled you or engaged in illegal deceptive practices, you may be able to get student loan forgiveness for some or all of your federal student loan debt. You can5. Biden cancels $1 billion of student loans, but taxpayers will pay
A final group of people on social media say that this student loan cancellation is an unfair wealth transfer that sticks taxpayers with the bill. They say that student loan cancellation isn’t free; it’s funded by taxpayers. Some social media users question why taxpayers must bail out student loan borrowers who made bad decisions to attend for profit colleges, for example. .
and they don’t want taxpayers paying for student loan forgiveness when the vast majority of Americans either don’t have student loans or didn’t attend college.This may not be the only student loan forgiveness that will happen during the Biden administration. Congress and the president are both considering wide-scale student loan forgiveness.
America cancelled student loan but in india his cabinet will assure loan to higher studies implies duglak durbar by joe biden cabinet
What does he think he is teaching these students? Irresponsible financial management? But what can we expect from a lifetime bureaucrat who does not understand business or budgeting. And what about all Jose people who took their responsibility to heart and paid off their loans?
😡😡😡 Joe just added more taxes on the backs of working Americans. He’s so shameful!!!
How would you feel if you had just say for example $50,000 in student loan debt. But you were not able to finish that degree because your school closed down or a reason that was in no fault your own? Those were the type of student loans our President passed to be cancelled.
He did NOT cancel Student Loans - he passed the bill on to those who actually pay taxes (and probably paid back their own student loans).
Studend loans? How can that be? Is education not a fundamental right in the USA, like in most other countries in the world? It's a shame! If you wanna support your nation trough learning, your nation has to pay you. Inequality and hostility to innovation = USA?
Another buhari in d making
Good start Joe. Only a trillion more to go.
Terminal brain cancer joe
Still waiting for $50k for the rest of student loan borrowers.
And your opinion is what's wrong with USA.
When I lost my job I thought I've lost it all....with the little cash of $2000 brendaenright09 she turn that into $20,000 in just 7 days he may not know it but he really save my life Brendaenright09
How’s Hunter’s investigation coming along?
Any debt which gets 'cancelled' must be paid by someone. Biden can't just wave a magic wand & make it disappear'. Someone has to pay off that debt. So who pays? That's right, taxpayers like me. I'm sorry that people have crippling debt, but it's not my responsibility to pay.
Do you real think the opposition party would have approved anything more? They have no investment, they are not educated.
Yey! 0,1% cancelled!
Omo
Wow!!!! 1/1000 of the total debt? Awesome! Good job! ^_^
I'm here for all the bullshit, entitled, 'omg where tf is my refund' comments from washed up millennials and boomers, as if canceling student debt has anything to do with y'all Sit down and just stfu lol
Why?
Total BS
If this doesn’t make you feel like you need to enlist... idk what will.
Still should have addressed medical care debt 1st
Well that’s useless
I want my refund!
Aye come on Biden it’s not our fault u missed a step on your way up to the cock pit LOL