What the president is considering
More than 43 million people have federal student loan debt in the U.S., and the average borrower has about $37,000, according to data compiled by the Education Data Initiative. The outstanding federal loan balance is about $1.6 trillion.
"The hoops of means testing means that millions and millions of borrowers won’t get help," said Melissa Bryne, executive director of We The 45 Million, which represents student loan borrowers advocating for student debt cancelation. She called it"an outrageous violation" of Biden's campaign pledge to cancel student loan debt to all borrowers.Biden said in April that he was taking a"hard look" at executive action to forgive federal student loan debt.
$10,000 ? Depending, I guess, how much is left of your loan, that will be back soon in interest. Or, pay everyone who went to college $10,000 so we don't feel screwed. After all we payed the most interest to this point. Or like he said lower your interest rates to 1%. 🤔rebate?
Its a drop in the bucket for many but its a start.
And sends $3 billion to Ukraine..
Just signed up for $10,000 in student loans today!!!! Might as well…ITS FREE MONEY!!!
Does he have the authority? Is the approval of Congress required?
Not fair 😞
Biden expected to announce the transfer of $10k for millions of borrowers to the US taxpayers. This is what the headline should be .
Nope …i worked, I paid, and you can too. Not fair to those that worked while going to school!
do the same with mortgage and then i'll put him in my top 5 presidents list
You know they’ll all go right back into debt anyway
Your debt.. pay it off yourself like everyone else before you. Learn to budget 101
He can’t do that it’s illegal. He has no authority .
This is weak. We all knew Biden would have in to corporate America. The Dems will not bite the hands that feed them. Remember the bank bailout on bogus home loans...
It is only fair! It is ridiculous that a student in the USA have to pay thousands of dollars to serve later to this country. Also, there is no money for students but how come there is thousands to send to other countries.
Whooo hooo! All aboard the free money train! 🚂
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