Biden Admin Unveils Major Student Loan Forgiveness Plan

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STORY OF THE WEEK: President Joe Biden announced Wednesday that borrowers earning less than $125,000 per year would see at least $10,000 of their federal student loan debt cancelled.

"His move could stoke turnout among young voters this fall who had soured on Democrats, who, in recent elections have appealed to young college-educated voters and young suburban families. A higher ceiling of $20,000 dollars in debt cancellation available to graduates from low-income families who used Pell Grants for college could energize minority voters in swing states.

That is partly due to the fact that they borrow more, on average, than white students, but also because black graduates with a bachelor's degree or higher earn an average of about $5,000 less than white graduates, according to the National Centre for Education Statistics.""...the administration also announced they are extending the student loan payment pause"one final time" through Dec. 31, 2022.

 

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Biden announces student loan forgiveness: 5 things to knowThese are some of the top questions surrounding student loan forgiveness and what experts say borrowers should consider. Surely the US government will get out of the student loan business all together. If borrowers are are going to be forgiven then continually loaning money for students is ridiculous. working class voters are now voting Republican en masse… oops
Source: ABC - 🏆 471. / 51 Read more »

Biden student loan forgiveness plan is not enough, some borrowers sayStudents with debt that totals $50,000 or $100,000 say President Biden's loan forgiveness plan isn't enough. Where did these student go to school? Did they utilize community colleges and state schools like a lot of my family members did? Did they seek scholorship money? I’m sick of people complaining about their debt! If you borrow money, PAY IT BACK! Yes let's give the 'world owes me a living' generation MORE & screw the ones that actually worked their asses off to go to college w/o gov assistance This is peak channel 7.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

What to do if you don't qualify for student loan forgivenessWhile President Biden's new student loan debt forgiveness plan doesn't apply to private student loan borrowers, there are still options for them to get some help. Totally insane and unfair bullshitt. Part of ongoing PsyOps why does this not apply to FFEL loans, they are backed by the gov't just older. why were some bought back by the govt and not others (like mine) and they get relief? I am so confused whose was picked and why? I did not even get covid interest releif And we'll wonder why inflation is still high.
Source: CBSNews - 🏆 87. / 68 Read more »

Biden announces student loan forgiveness: 8 things to knowPresident Biden announced a new student loan forgiveness plan for Americans on Wednesday. Thank God someone is doing something It's inflationary. Here's one. MY BODY MY CHOICE, YOUR STUDENT LOANS YOU CHOSE, YOUR DEBT TO PAY! NBC CBS MSNBC JoeBiden theview SpeakerPelosi ChuckSchumer HouseDemocrats SenateDems ewarren AOC YOURDEBTYOUPAY
Source: ABC - 🏆 471. / 51 Read more »

Utah politicians oppose Biden's student loan forgiveness planThe new student loan forgiveness plan unveiled by President Joe Biden on Wednesday is not finding any fans among Utah politicians. They oppose literally anything a Democrat does that is popular. This isn't a surprise to anyone. It doesn't go far enough for the left and the right are screaming children about anything they didn't think up first. Utah politicians or Utah Republican politicians? This isn't a both sides issue Of course they are they're not getting another tax break. 🙄
Source: fox13 - 🏆 550. / 51 Read more »

Student loan forgiveness: Biden unveils plan to cancel $10K in student debtBiden unveiled a plan to provide $10,000 of federal student loan debt relief for borrowers who earn under $125,000 annually, and more for those with the greatest financial need. Even his detractors and haters that have SLs will benefit from this I think this is good 😊 👍
Source: fox7austin - 🏆 594. / 51 Read more »