President Biden's announcement that it would cancel up to $20,000 in federal student loan debt prompted pushback from opponents — who then had their own Paycheck Protection Program loans thrown back at them., unveiled Wednesday, would also extend the pause on student loan repayment and restructure income-based forgiveness, comes with a roughly $500 billion price tag.
Even the White House's official Twitter account got into the game, creating a thread of politicians who have come out against student loan forgiveness, noting how much in PPP loans each received. Congress also approved additional pools of help for small business owners, including roughly $28.6 billion in grants for restaurants, $16 billion for venues and $2 billion for transportation-related companies, among others. The SBA also approved roughly 3.9 million Covid Economic Injury Disaster Loans, which were low-interest loans to small-business owners hit hard by the pandemic. The agency approved roughly $378.4 billion in Covid EIDL lending.
It's worth noting the SBA did not originally intend to release loan-level data on PPP loans for individual small-business owners. But the agency was ultimately forced to release the information after
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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 »
White House Twitter Account Tells Republican Hypocrites to Sit Down and STFUTeam Biden spent Thursday calling out GOP lawmakers for attacking student loan forgiveness after they conveniently had millions of dollars in PPP loan debt forgiven by the government. Trump didn’t corrupt the democracy-killing GOP *cult/crime syndicate* (PutinsGOP)—a onetime political party long comprised of PSYCHOPATHS (such as Trump & many GOP pols) +their psychotic human pets—he exposed it; hence, DOJ’s largest & most complex investigation in its history. I’m glad they are telling it like it is. The Republicans are the biggest hypocrites in our Government. Boo BIDEN!!!😆U SUCK!!!!!...N LEAVE TRUMP ALONE😉😇🥰 he isn't the president.. DESTROYING AMERICA!😉🤗 🇺🇸 😢 💔
Source: VanityFair - 🏆 391. / 55 Read more »
How many Utahns will benefit from student loan forgiveness? And how soon?Collectively, Utahns with outstanding federal student loan debt owe about $10.2 billion, or over $33,000 per person. More than 100,000 of them are eligible for relief under the plan. But BasedMikeLee said this was only going to benefit Californians living in their Hollywood producer dad's basement with PhDs in Gender Studies! You mean to tell me this is actually benefiting 100,000 Utah voters? waytogobrandon What is the total amount of PPP loan forgiveness in UT? Total amount of bankruptcies by state legislators?
Source: sltrib - 🏆 316. / 61 Read more »