Joe Biden expected to announce $10,000 student loan forgiveness program Wednesday: report

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 87%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

President Biden's expected announcement to forgive $10,000 in student loans will cost American taxpayers around $300 billion, according to some estimates.

Progressives and liberals have hounded the president to provide broader relief to hard-hit borrowers, while moderates and Republicans have questioned the fairness of any widespread forgiveness.

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.On the campaign trail, Biden proposed canceling up to $10,000 per borrower, with no mention of an income cap.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

if it is forgiven, it should ruin their credit.

BIDEN...GIVE THE ELDERLY $$ TO BUY DENTURES, EYEGLASSES, HEARING AIDS, AND EVEN CARS THAT THEY DON'T HAVE TO PAY BACK...THEY'RE THE ONES WHO HAVE WORKED HARD AND PAID INTO THE SYSTEM...NOT THES LAZY ASS PEOPLE WHO HAVENT PAYED A DAMN DIME INTO THE SYSTEM...

Don't mind me I just came to see all the whining babies throwing temper tantrums.

He better not

Kurohig51653942 Such a disgrace!🖕

Buying them votes ahead of mid-terms again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in EDUCATÄ°ON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

Americans brace for Biden decision on student loan waivers, payment pauseWe explain where US President Biden's expected $10,000 student loan debt cancellation falls with Americans on either side of the political aisle and why the number might not be bigger
Source: trtworld - 🏆 101. / 63 Read more »