PUBLISHED 1:49 PM EDT Apr. 28, 2022President Joe Biden said Thursday that he is "considering" taking action to forgive some student loan debt, with a decision coming as soon as “the next couple of weeks.”.
A number of prominent Democrats, including Senate Majority Leader Chuck Schumer, D-N.Y., and former presidential candidate Sen. Elizabeth Warren, D-Mass., have urged Biden to use his authority to cancel as much as $50,000 in student debt per borrower.Asked later in the day, the White House's top spokeswoman would not give a specific number but indicated that the president is considering a number higher than $10,000.
Biden has already canceled more than $17 billion in student loan debt, for more than 700,000 borrowers by expanding existing loan forgiveness programs for public sector workers, borrowers who are permanently disabled and individuals defrauded by for-profit colleges. One such call came in the form of a meeting with members of the Congressional Hispanic Caucus earlier this week, who urged the president to take executive action to forgive some student debt.this week that Biden was "positive" about such an idea, but did not make any specific commitments.
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Biden Is Considering 'Significant' Student Loan Debt Cancellation, Say LawmakersThe president indicated to Congressional Hispanic Caucus members that he is looking at options for executive action to forgive some federal student loans. Good job 👍👏 President Biden! Passes All Bills especially the Built Back Better Bills to protect and Saved All Lives Now and forever in Jesus Christ name 🙏😇🙏🙌😇🙌💯 AMEN America! God make it happens never existed before Amen America! Joe Biden lost the Hispanic vote for Democrats. Some?
Source: HuffPostParents - 🏆 414. / 53 Read more »
Biden Seriously Considering Student-Loan Forgiveness, Officials SayThe president signaled to House Democrats this week that he is warming to taking executive action to erase at least some loan debt. Some Democrats believe a move would motivate young voters in midterms. It’s time to buy votes since I suck … banana republic strategy Taxpayers did not sign promissory notes Not even going to debate if it should be done or not. But I find it interesting he is saying he is doing a lot to tap down inflation, while considering a pretty stimulative policy. Permanent changes to financial situations might unleash quite a bit of spending.
Source: WSJ - 🏆 98. / 63 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 »
Biden taking 'hard look' at student loan debt but 'not considering' forgiving $50,000 per borrowerPresident Joe Biden said Thursday he's considering ways to deal with reducing student debt burdens, but forgiving $50,000 in loans isn't in the cards. He's dealing with it...you heard him. Doesn't remember his name but is dealing with this. Okay. NOTE: EVERYTHING that POTUS stated to the American people, is a TOTAL lie! The war in Ukraine is NOW America's war. Biden has JUST placed the burden of this war on the backs of hard-working Americans by using our tax dollars to fund it - while people struggle to live! SHAME! Interest rates have kept students in debt longer. They have paid way over what the education cost, which was also high. And they don’t make the salary to catch up. At least knock off all that interest paid extra that’s weighed them down. Rs tax break for wealthy was a payoff
Source: CNN - 🏆 4. / 95 Read more »
Biden says he's considering forgiving student loan debt, but not $50,000 per borrower'I'm in the process of taking a hard look at whether or not there will be additional debt forgiveness,' the president said. I hope he repays individual student loans, so he can demand it all back like the stimulus money. studentloans SaveTheGroomers BlueAnon Buy them votes Joe....and some geritol After all of this time….what are you looking for? Funny how they have already sent billions of our dollars to Ukraine w/o any hard looks but when it comes to taxpayers benefiting from the taxes they pay now we need to look at it… US citizens are the government’s last priority
Source: CBSNews - 🏆 87. / 68 Read more »