The Democratic candidate is promising to forgive some of the debt, slash borrowers' monthly payments and allow them to walk away from their debt in bankruptcy.
Former Vice President Joe Biden, Democratic presidential nominee, speaks during the Democratic National Convention at the Chase Center in Wilmington, Delaware, U.S., on Thursday, Aug. 20, 2020.Joe Biden accepted the Democratic presidential nomination on Thursday night, which could be the beginning of a series of reforms for the country's 45 million student loan borrowers., a higher education expert.
In the first quarter of 2019, more than 6% of all student loan borrowers owed more than $100,000, up from 5.4% in 2017, according to calculations by Kantrowitz. Biden also has a more targeted debt cancellation plan: As president, he said he would forgive undergraduate federal student loan debt picked up at public colleges for those earning less than $125,000 a year.
What significant contributions has Biden and Harris made while in aLeadership Role?! For Biden, after 47 years, we’re still waiting! For Harris, a majority of the country didn’t know who she was, until now. What I gather is both are good at “talk talk talk”, not “do do do”!
Biden and Harris are like Oil and Water, they don’t mix! They were divided in the past, they will be divided again. It’s all Political Make Believe Smiles now; but, wait and see if they get to the White House. They will tear down this country! Don’t fall for the rhetoric!
How about the people that paid off their loans, do they get that back? The old liberal playbook, promising money in exchange for votes.
Great pathway for teaching the young how your personal obligations are meaningless.
Vote Trump 2020! Biden is all about higher taxes and socialism.
Biden had 8 years to help students and failed
He’s senile
The basic plan is to create super high schools. Things will be stretched with new admissions. Chances are you won't get the full indoctrination into Marxism you would get at a for pay school. Whether you want to get a good job or apprentice in terrorism the Joe plan isn't for you
Biden is sick
CNBC the propaganda arm for the DNC.
50 cent stock transfer tax would change millions of lives basic income subsidised health insurance
Giving free stuff. Can I get a big screen TV and a new Iphone?
FakeNews activism
Nothing. Obama/Biden accepted millions in donations from Wall Street. How many bankers did Obama prosecute for the recession? ZERO
Everything is free; you forgo your responsibilities; and the taxpayer picks up the tab.
Government 101: create the problem then say that you have the solution.
Complete BS, those that loan will fold!
Buyer Beware .. Obama said he would close Gitmo on his first day on his last day it was still open.
Bullshit article ... kinda forgets the legislative branch of govt. Gotta admit however it's painfully obvious CNBC is a Biden supporter & mouthpiece.
Free everything. Higher taxes for tge working. Stealing peoples money and giving it to kazy bi...es.
Do your thing,
NOT GOING TO HAPPEN!! More bullshit out of this guys mouth you take the loan you pay it back that's how it works dumb dumbs. Why are people confused about this? SniffandBlow
That they’re going to get dicked around and stuck in debt for a longer time thinking that a magic forgiveness will come down. But then it won’t, and they’ll be even more screwed.
Santa Claus is trying to buy votes.
Bullshit. He literally said he didn't care in an interview. He also is the senator from MBNA, a major bank. There's no way he's going to turn around after nearly 50 years and do something right.
All your student loans will be forgiven. Screw the people who paid back their student loans responsibly.
Does that look like a picture of a man who is well?
My credit card and home loan identifies as student loan debt.... It's Trans-Financial...
It means all of those loans taken out by (mostly minority) youth who partied and then dropped out after a few semesters, and by (stupid) youth who pursued useless degrees pushed by bloviating academics (any type of 'studies', for example), will now be borne by all taxpayers. Sad.
I just want to thank student loans in this speech. I cannot repay you enough what you have done for me. Thank you.
I can’t see Coronavirus pandemic ending under Trump. I’ll vote Biden for hope of ending Coronavirus pandemic in America.
Why do people have to pay back their loans? C’mon, man!
Free everything....this is going to end the USA's leadership position in the world but that's ok as long as Americans can get free stuff for a few years, right
Biden has 0 chance of losing
That means either taxpayers will get screwed or future students will be difficult to get student loans.
Someone still has to pay for this!!! It’s not just going to vanish into thin air! Hello higher taxes with Biden. What a joke!
Trumps trying to extend the forbearance and being sued about it, where’s that story?
Biden presidency means socialism and everyone’s 401ks cut in half
This.
Free shit my homies!!!!