– up to $20,000 for Pell Grant recipients, and up to $10,000 for others who qualify – leaves millions of borrowers with unanswered questions, and some of the details won't be clear for weeks or months.Americans currently owe about $1.62 trillion in federal student loans. Biden's plan will provide relief to most of them – 43 million borrowers – and will completely erase the student debt of about 20 million.
That includes current students: Borrowers who are dependent students will be eligible for relief based on their parents' income. Parent PLUS loans, which are federal loans for parents of undergraduate students, are also eligible under the president's plan. Roughly 60% of federal student loan borrowers received Pell Grants, according to the White House. These grants are designed to
You left off the most important question of all. Is it constitutional?
Joe Joe can't pass this without congressional approval, I can't wait for this to be voted down
The real question is how much is this costing the American taxpayer for something they had nothing to do with Do you consider this buying votes
Who is going to pay for this? And is this constitutional?
Quo Warranto
Another bank bailout
“Ask not what your country can do for you. Ask what you can do for your country” This was when America was the land of the free. Fast forward to today. People would rather be on Tic Tok than punch to clock. America has become the land of the free loaders!!!
“People think that the president of the United States has the power for debt forgiveness,” Pelosi told reporters in July 2021. “He does not. He can postpone. He can delay. But he does not have that power.” “That has to be an act of Congress,” she continued.
Will it get challenged in court? Yes Will it get overturned? Yes, 9-0 Why? The Executive is not allowed to appropriate $500B in funds
WOW racists are actually upset that is will bring racial equality. If you were silent about bank billouts PPP loan forgiveness & corporate welfare, stay silent about citizen forgiveness
He better pay me back for being responsible and not being a loser!
Wrong NPR. The BIG questions are: Is this constitutional? And Is this legal? Answer to both Is No.
First thing is that it’s illegal, he doesn’t have the authority to give away half a trillion dollars to buy the votes of people with apparently worthless college degrees. Congress has to pass legislation first
Instead of asking about the legality, who is to pay for this, and why universities pushed worthless degrees...NPR is a joke. DefundNPR
Find out how much it will cost the taxpayers.
10 grand lol
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Source: washingtonpost - 🏆 95. / 72 Read more »