The current pause on payment of federal student loans is set to expire soon, but President Joe Biden could cancel some loan debt.The Biden administration is leaning toward canceling up to $10,000 in student loan debt for every borrower, but may tie the relief to an income threshold, sources told.
The current pause on payment of federal student loans is set to expire soon, but President Joe Biden could cancel some loan debt.The Biden administration is leaning toward canceling up to $10,000 in student loan debt for every borrower, but may tie the relief to an income threshold, sources told
All college loans should be forgiven & all colleges should be free.
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Biden is on the verge of a student loan triumph. What's the holdup?The Biden administration is expected to reveal in the next week whether a pause on student loan payments will continue. thereidout A winner, except in the eyes of those who paid their loans and the taxpayers who can’t afford to be squeezed any more for spending on socialist experiments. thereidout Actually this is false and Biden knows it. Yeah you'll have a couple hundred of thousand very happy people who will get rid of their student loans but also several million people that will be pissed that these people are getting a free ride..not the political victory you think thereidout What’s the plan? What about the students who graduate next year, or the year after? Need to address the issue one of which is out of control costs especially for state schools.
Source: MSNBC - 🏆 469. / 51 Read more »
Biden aides 'talking daily' about student loans, expect decision soon: Education Secretary CardonaBeyond the pause in loan payments, the Biden administration has been under pressure from some Democratic lawmakers and student loan activists to forgive up to $50,000 in student loans. I still think $50,000 is ridiculous. I'll be happy if he pauses payments again and then sets up a better system of repayment options in the meantime. Sorry folks it’s not going to happen. You aren’t going to be rewarded for your negligent financial decision.
Source: USATODAY - 🏆 100. / 63 Read more »
White House leaning toward canceling $10,000 in student loan debt for borrowers who make less than $125,000White House officials are leaning toward canceling up to $10,000 in student loan debt for borrowers who make less than $125,000, sources tell CNN. Do we get to choose which loans to apply it to? The BidenRecession isn’t enough for the communist, they want a full blown BidenDepression 🙏🏾🙏🏾🙏🏾
Source: cnnbrk - 🏆 393. / 55 Read more »
59% of Americans Worry Student Loan Forgiveness Will Make Inflation Worse, CNBC Survey FindsAhead of President Joe Biden’s decision on student loan forgiveness, a CNBC/Momentive survey finds mixed views on the issue and concerns about economic impact. MomentiveAI Nope 👎 MomentiveAI Consider changing the student loan interest rate to match the fed funds rate which has been near zero for years. Banks get it why not students? MomentiveAI I don't care about layman opinions on complex subjects.
Source: nbcsandiego - 🏆 524. / 51 Read more »
Larry Summers warns student loan debt relief could worsen inflationFormer Treasury Secretary Larry Summers urged President Biden to let a student loan payment pause expire at the end of the month, warning that extending it could worsen inflation. So stiffing creditors on defaulted loans using taxpayers monies so rich MBA’s can buy more toys. Yeah that sounds like a Biden plan. ya think?! Increase inflation by forgiving student debt means 13% don't pay but 100% Americans pay through higher prices
Source: FoxBusiness - 🏆 458. / 53 Read more »