Student Loan Borrowers Would See a Big Chunk of Debt Disappear Under Biden Plan

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Joe Biden wants to wipe away a big portion of Americans’ $1.5 trillion student debt. Critics say some high-income borrowers would also benefit.

In an interview with WSJ’s Gerald F. Seib, former Sen. Ted Kaufman of Delaware, who is leading Mr. Biden’s transition team, said they are going to have “limited funds” to spend in 2021 because of the deficit left behind by the Trump administration.

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OH BARF!

I worked hard and stay within my means to pay for my college. Do I get cash back?! People who borrowed for living expenses during college years get wipe out too?

3.6.3....

United States of socialism

Ah the mythical Biden money 🌳 🤣 buy now your kids pay later 🤣

And as a reward for those who paid off their own loans,?or scrambled so their kids don’t have to have a loan: they now get to pay other people’s loan as well!

Great - punish the ones who responsibly paid off by making them pay for everyone else

Let’s revisit Obama’s “solution” to making college more affordable. He expanded the window of time to apply for student loans. That’s it. All it did was create more demand, and certainly didn’t reduce cost. The can was kicked down the road, well here it is.

The National debt we incur as covid goes on,,,get back to work to pay the bills

So, our push for equality is only leading to more double standards.

And do I get a refund for working through college and partially paying my own way and also for sacrificing other priorities by paying back most of my loans?

Wipe out the debt then cancel the program and stop sending Federal money to Marxist indoctrination centers where admins get the world's most bloated pensions.

There is no 'wipe away'.

WSJ, COME ON! This Administration has pumped TRILLIONS into the Market causing a Fraudulent Market Boom IN THE MIDDLE OF A PANDEMIC! YOUR worried about college debt! What’s going to happen when the trillions in Welfare the Tax Payers are providing the market RUNS OUT?

Like Donnie’s Covid funding to Billionaires?

You have to include everyone in student loan forgiveness, you can pick a choose. It will be very divisive if you only choose one group.

This is the kind of talking point high income people always slide in to try and keep those beneath them from getting any help.

This sadly rewards irresponsible savings behavior and nonstop increased tuition. Make the colleges eat these loans not the taxpayers.

Sorry for you savers, planners and responsible folks that prepared for schooling costs and/or earned degrees and made good on your promise to pay it back but don’t worry, free college should produce some interesting results and more tuition inflation. Thx Joe

sure eliminate the student debt, but dont ask all taxpayers to pay for it. Special higher taxes for those who get this relief for life.

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Yay! Free stuff for everyone... Except you over there you make too much!

Anything for the youth vote. But the problem is that they rarely vote. He should promise things to Evangelical Boomers. Those guys are the one who votes...and they don't care if he can't keep those promises.

This will only cause the cost of college to increase more and future students to take on even more school debt.

Do that. The amount of loans available will drop drastically. Almost nobody will be able to study OR maybe universities will drop their prices. Let's gamble.

Now Bill Horn aka William Horn can't call now he federal jail and other and more to come all he said was lies and myth to control you San Diego way is say someone else I told FBI all know about him so many didn't pay income tax and some took SSD but safe to call FBI up to you

Depends on how it’s handled.

Americans are completely wrapped up in “what about meism” so we need to do away with means testing everything. If the government is giving a benefit it should just go to everyone. There’s no way to pick a fair line when 50k is not the same thing in every family and every locale.

It doesn’t matter

Ppl will literally find any reason to complain! Who TF cares if it helps rich folks? It helps low income ppl and that’s what matters 🤷🏾‍♂️

Let’s goooooooooooooooooo

Eisenhower wants to build highways connecting every American city. Critics say rich people would also benefit.

Get a job and pay your own debts. Lazy bastards. No one forced you to go into debt and get a worthless degree. Pay your own debt like everyone else who went to university and paid their debt.

All students, when they graduate are 'low income.' Technically they are bankrupt. If you are going to screw over the loan system, then at least be fair about it. Do you know of any 'high income' graduates?

Biden will sink America and let the Communist ccp IN ... don't be deceived by his lying eyes. he has been decieved by ccp. BidenHarris2020 TrumpPence2020 dechinatize obamafooledbychina covid19 coronavirus ccp EpochTimes

“Wipe away” means transfer debt from those who owe it those who didn’t borrow it. Debt can’t be canceled, only transferred. Math is difficult for those on the left because they’re so used to using other people’s money.

Sleepy Joe Biden is promising everything. Anything to get the votes.

STOP MAGA THUG! CallousCovfefe

What about regular folk who pinched pennies to SAVE and PAY for their kids educations? They get a refund?

Buying votes with other people’s money

Who loaned them the money? Will the government pay those lenders back? or just force them to forgive it?

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