What's at stake with Biden's looming student loan announcement

a plan on student loan forgiveness and repayment but also called for the end of the student loan repayment pause.Biden in making his announcement has likely weighed the potential gain of invigorating young and minority voters less than three months before the midterm election with the risk of fueling inflation, which has been used as a rallying call for Republicans and some independents.Americans owe an estimated $1.

During the freezes, interest rates have been frozen and collections on defaulted debt have been on hold, CNNForgiving student loan debt of $10,000 per borrower would cost about $300 billion for borrowers with incomes less than $125,000, anThe cost increases to $330 billion if the program is continued over the standard 10-year budget window.

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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
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