Opinion | Biden's long-awaited student loan debt plan is better than it first sounds

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President Biden is starting to do what millions of people have been waiting for.

From a political standpoint, I can see why the Biden administration would want to have a cap on who receives this relief. But it won’t stop the attacks from conservatives.that Biden’s plan will mean that “welders, plumbers, laborers, & other Mississippians will be forced to pay off the debts of Harvard doctorate degree gender studies majors living in California.”

It’s a play at class division that might gain traction, even if built on lies like the one Reeves is pushing. That argument says nothing about, say, a plumber or welder who took out $10,000 in loans to attend community college but opted to go into a trade instead and is still working to pay off that debt, or those who took out federal student loans specifically to attend an eligible trade or career school. This relief will help them just as much as it will liberal arts majors.

The Education Department needs to email every federal student loan debt holder who qualifies to show them the reduction in their total bill and how much faster they’ll be able to pay off the total. The next step the Education Department needs to take is email every federal student loan debt holder who qualifies to show them the reduction in their total bill and how much faster they’ll be able to pay off the total. It may be harder to sell a future benefit than one taking effect today, but officials need to start trying as soon as possible.

That job will be made easier by the income cap on monthly student loan repayments, a part of the program that may be easily overlooked. The average monthly payment for a bachelor’s degree holder is around $450,

 

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And millions more will have to pay for the Starbucks Barista with the Gender Studies Degree, I’m so excited.

Die..

Drive us over a financial cliff into a recession? Lol

WIPE OFF THE SALIVA DRIPPING DOWN HIS HIS MOUTH WHEN HE SPEAKS

Will help millions who bust their a$$ and didn't sign for a loan lower their standard of living by transferring their wealth to people who did.

possibly millions more of blue voters

Cancel MEDICAL debt!

buy those votes!!!

. 'The United States is back.' - President J.Biden 6/10/21 'I am the Chosen One.' - D.Trump 8/21/19 America made the right choice. .

Same story, same answer. It's a transfer from lender to the people of the US, ordinary communism. And if you want to do communism, a lot of people also have a receipt for car-loan and mortgage. A 10k reduction would be welcomed. You will earn more votes.

Spacing out?

President Sundowner is finally stepping down? That's great news for the American people and the world.

This sounds like FOX news. My my my give credit to all the other positive things he has done.

Just in time for the midterms. It won't work.

Sure🙄🤡

tify330 Bot bots bots.

Nothing like Photos of a pedoDad with his crackpipeSon's business partners! Don't ya think!?

Yes!! Help those who need help. Not all but who really really need financial help!!

It may help millions of people but it will go against 100's of millions of people that never received any benefit from it. What is fair about that?

10k doesn't help me

Ya mean crash the economy? He's off to an excellent start in only 18 months!

🚨🚨🚨🚨 A pride of lions led by sheep would think and behave of themselves as sheep; and may all but also surrender to a mere barking of a dog. America is not a poor country: Americans were never lazy and dependent. FixTheCountry 🇺🇸

MAGA tears 🎻

Old boy is a failure Media swoons

Time to throw some truck nuts on to the presidential limo

I will judge on his actions not his wordsl

Why should I pay it ? Nope

You are talking about the 28% that think he is doing great. Lmfao

Mr.President ' Just do it'.

And that's why his poll numbers have gone up. As a Democrat, I'm sick of him saying that he wants to work with Republicans.

Yes he's attempting to buy votes by placing the burden of of loans that were taken by others on the backs of the hard-working taxpayers in America Remember this when you go to vote

SCREWING TAX PAYERS to buy votes from LEECHES as Colleges RAISE PRICES because of BIDENS actions.

A new poll has revealed 78% of Americans say former President Donald Trump would have won the 2020 presidential election if voters had been given the truth about Hunter Biden's laptop, instead of being told it was merely 'Russian disinformation..'

And he can pay for it out of his wallet. This loan forgiveness is for the rich white previleged. I think it is a scam just to get votes, as per pelosi, biden DOES NOT have the authority.

And after the election he will say oops sorry, no can do! And you would have been used again!!!

I didn’t think these Republicans were such Hippocrates. Pirro has no shame.

I was waiting for full cancelation.

here's your studentloans forgiveness package

Speak a coherent sentence

Opinion | 96% of that money 'lots of $$$' folks save on loan payments, will go right back into the economy. Either directly or indirectly! Genius

Thanks for the memoirs, Monsier. I'd suggest the times are ripe to 'relevo generational', keeping in mind that the best candidate is right next to you, a gals who know the ropes in all 3 Powers within the Government structure: Harrais, Mrs. Kamala Harris, aka Lotto Flower/24-32!

$125,000 and can't repay? My son and I together don't make $125,000. He wouldn't be eligible for this program, since he's already paid off the Pell and Stafford loans. His remaining student loans do not qualify.

It's shower and sniffing time!

Oh that is great we must all vote for democrats in the mid terms. Biden is like god and his son is like the messiah.

Long term this will be a loss even for those who received the cancellation.

Who gets to pay for this, me, my kids, my future grandkids, their kids and beyond? Bad idea, if you sign loan papers, pay for it!!!

Just before the midterms. Buying votes is what Biden does

He and Jill should go to Disney tocelebrate his accomplishments

That will make putin lovers so mad!

Again the propaganda. It's not helping, it's buying votes by transfering the debt. It stil has to be payed.

Make sure to tip every service industry worker 30%+ now that they are paying off your loan.

Resign?

Just another politician doing what they do best, doing something to get votes. Timing is Everything!!!

So he broke the law?

But is too little too late …

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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?
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If Biden Can Cancel Some Student Debt, He Can Cancel All Student Debt in the USBiden’s student debt plan lays a groundwork for future jubilees. It’s time to push for full debt cancellation. a fraction of the billions given to armement corporations to feed the war led by the US with ukrainian blood 🤦‍♂️ Actually, he can't. That's up to Congress. 31 USC 1301 et seq
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