Senate Majority Leader Chuck Schumer, D-N.Y., sounded a similar note of optimism Wednesday. “I think the president is moving in our direction. My talks with him and his staff have been very fruitful over the last little while," Schumer said.
“Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans,” Sen. Mitt Romney, R-Utah, tweeted mockingly Wednesday. “Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all. What could possibly go wrong?”
Some Democrats fear providing loan relief to students who attended expensive private universities would provide an easy campaign target for Republicans in this fall's elections for control of Congress. Americans are drowning in student loans. But luckily there are some lifeboats out there. You just need to know where to find them… and where the paddles are. Here are three practical suggestions to get rid of your student loan debt.
The pandemic prompted then-President Donald Trump and Congress to begin providing student loan relief in March 2020.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dem lawmaker: Biden suggests he'll ease student loan burdenPresident Joe Biden has signaled he might forgive some student loan debt and further extend the federal moratorium on repayments, a lawmaker who discussed the issue with him said Wednesday. The White House was notably more measured about Biden's stance, but such moves would be a boon to many of the 43 million Americans carrying student loans worth $1.6 trillion, according to federal figures. It would also be a win for Democratic and progressive leaders who have long pressed Biden to carry through on a 2020 campaign promise that as president he would “immediately' cancel up to $10,000 in debt per student. 🙏🏾 If he wanted to, he could have done it already. He’s only saying this because midterms are coming up.
Source: YahooNews - 🏆 380. / 59 Read more »
Dem lawmaker: Biden suggests he'll ease student loan burdenPresident Joe Biden has signaled he might forgive some student loan debt and further extend the federal moratorium on repayments, a lawmaker who discussed the issue with him said Wednesday. The White House was notably more measured about Biden's stance, but such moves would be a boon to many of the 43 million Americans carrying student loans worth $1.6 trillion, according to federal figures. It would also be a win for Democratic and progressive leaders who have long pressed Biden to carry through on a 2020 campaign promise that as president he would “immediately' cancel up to $10,000 in debt per student. 🙏🏾 If he wanted to, he could have done it already. He’s only saying this because midterms are coming up.
Source: YahooNews - 🏆 380. / 59 Read more »
Romney rips Biden for considering student loan forgiveness, calling it a ‘bribe’Utah Sen. Mitt Romney ripped the Biden administration for reportedly considering canceling billions in student loan debt. And notably he did not offer any single solution to solve the problem of the federal government’s predatory loan practices. His criticisms are useless without offering a counter solution. I think they should make bankruptcy an option. They may now but I don't think so. War, business bailouts or foreign aid gets a blank check. Anything for tax paying citizens gets red tape and talks of debt
Source: sltrib - 🏆 316. / 61 Read more »