has only heightened the anticipation for what his own aides acknowledge represents a political no-win situation. The people spoke on the condition of anonymity to discuss Biden's intended announcement ahead of time.
The nation’s federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data. Biden narrowed his campaign promise in recent months by embracing the income limit as soaring inflation took a political toll and as he aimed to head off political attacks that the cancellation would benefit those with higher take-home pay.
Democrats are betting that Biden, who has seen his public approval rating tumble over the last year, can help motivate younger voters to the polls in November with the announcement. John Della Volpe, who worked as a consultant on Biden’s campaign and is the director of polling at the Harvard Kennedy School Institute of Politics, said the particulars of Biden’s announcement were less important than the decision itself.
Eh. Should do internet forgiveness
Ahole
So basically he needs to buy votes …
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Biden set to announce plan to cancel $10,000 in student loan debt WednesdayBiden has faced rising pressure from progressive Democrats to grant loan forgiveness. Critics say it could accelerate inflation. they aren't saddled with anything they borrowed it will you demand they pay my house loan off too Republicans hate forgiving predatory student loans because not only does it close the racial wealth gap and give people more opportunities, but those with a college education vote Democrat at a higher rate.
Source: indystar - 🏆 434. / 53 Read more »
Biden set to announce plan to cancel $10,000 in student loan debt WednesdayBiden has faced rising pressure from progressive Democrats to grant loan forgiveness. Critics say it could accelerate inflation. I'm new into crypto although have been hearing alot about it, when I met Lisa_Mia_T0 she explained to me in detail how to get started and earn profit from it...I then invested $1000 and made $15,250. she's smart trader in the market overall. 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.
Source: USATODAY - 🏆 100. / 63 Read more »
Student loans: Biden could announce $10,000 student loan forgiveness as soon as WednesdayEligible borrowers would include those with federal Direct Loans, FFELP Loans, Perkins Loans, Parent PLUS Loans and Grad PLUS Loans. Borrowers with private loans would be excluded. Shame. I made way less than that after college and had to pay all mine back. I agreed to the debt, so I was responsible for paying it back. Why? It is a half measure that angers the left for its cowardice but still makes the right rage. If we can bail out Wall Street and forgive PPP loans (averaging over $90,000) we can forgive 100% of student debt. idk if i can even call this a half measure, more like a 1/8 measure. cancel all existing, and hard cap interest rates permanently
Source: aldotcom - 🏆 82. / 68 Read more »
Biden to make long-awaited student loan debt announcement on Wednesday, reports sayThe freeze on student loan payments is set to expire on Aug. 31, and President Joe Biden has been weighing whether to extend the pause, among other moves. Just cancel them all at this point POTUS Vote bribe.
Source: KTVU - 🏆 465. / 53 Read more »