President 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.
Cardenas said he then asked about forgiving at least $10,000 in debt for each student, which he said the caucus believes Biden can do using executive powers. That would preclude the need for legislation from Congress, where there is Republican opposition. Sweeping student loan forgiveness is anathema for many Republicans and others concerned about its costs to the government at a time of huge federal deficits.
Cardenas said the question of whether debt forgiveness should be curbed for higher-income students, which could curb the costs of the proposal, did not come up during the White House meeting. He also said when President Biden asked if forgiveness should apply to borrowers who attended private and public schools, he and other lawmakers said they wanted students from both types of institutions to be eligible.
Rep. Raul Ruiz, chair of the caucus, said in a separate statement Wednesday that Hispanic students"disproportionately carry the burden of student debt in our nation." He said the caucus would continue working with President Biden"to make sure our students have a seat at the table when it comes to their financial health and well-being."
So let me get this straight. You expect me to pay someone's debt that I don't personally benefit from? You expect me to pay the debt for those who took out a loan that can't pay it back? I am not paying a cent for those who game the system including illegal immigrants. Nope
Good
I took out the loan. I’ll pay it back. Leave me out of this. I wouldn’t be where I am today without that loan. Let’s fix the exorbitant cost of college before we start “forgiving” student loans!
There’s an ordinance in bullhead city az that states it’s illegal to feed the homeless in the park. A 70+ woman is their first charge!
It's called midterm bribes! Just like cell phones, healthcare, air plane rides. BTW nothing is free. It is paid for by the taxpayers and their children at this point!
Lobotomies will be provided for qualified individuals. Pay your way!
Ridiculous. We managed to work full time and pay our student loans. They should do the same.
I want a refund for paying mine please
The Universities as a whole are wealthy. They (if any one) should repay students when their foundations are loaded with $.
Give everyone one $10K. Those with student loans get $10K forgiven. Those without have $10K to contribute to the economy or save for college. It is equal. It is fair.
Good, its about time! Corporations get all sorts of bailouts , it's about time that the average American gets a break!
and what will be give to others that paid there's off!! oogatz!, nothin
👏🏻👏🏻👏🏻👏🏻
While we're at it, lets forgive mortgages, car loans and credit card debt. Stupid! That's how Democrats think!
So what are future students supposed to do? Nobody's going to give them money.
I think he was expected to do that a while ago. Geriatrics.... 🐢
It’s a bit short sided to say well this helps me right now so it must be good please consider the big picture
All the ppl here saying to pay back the loan or they don’t want to pay higher taxes but Not One complained when business received PPP loans and then complete forgiveness, provided by the US taxpayer. So business can get free money but not students who are trying to make a life?
You signed the loan paperwork pay it back your self......
Travesty of justice if he does. My son paid his student loan, now you want him to pay twice for someone else. Absurd. Only a liberal/socialist could come up with such as scheme.
What about all the citizens that worked hard and paid off all their own student loan debts? Do We get a reimbursement for that!?
Let’s go!!!!!
As a tax paying citizen and someone with loans that I’ve been paying on for 15 years this is stupid. But hey $625 in my pocket monthly I am good with.
Bad idea and illegal 😡
Destroying the fabric of America with every waking day. Although with Biden he’s never really awake
Get a job and pay your own loan off like millions of people already have.
Let’s Go!!!!!!
Stop taking steps and just do it lol
Great, this will be a huge help!
Good time to remember that billions of dollars of student debt came from broken promises by fraudulent schools lying about their job placement rates.
Oh you mean the PROMISE he made then nonchalantly neglected…now he wants to because of midterms to grasp the younger generations attention what a putz
payingotherpeoplesbills
Sounds good to me 🙂🤗
MarySwa83203011 About time. POTUS and SenWarren , get this done! We should call it Freedom Day! 🇺🇸
So stupid! But what do you expect from an illegitimate resident of the White House!
Good
It will be all but approved before midterms and then it will fall through as usual. (Which is a good thing because I don't want to finance the debt of others).
At whose expense?
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