Student loan borrowers await Biden plan on debt forgiveness

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.

As he tried to shore up support among younger voters and prepare for a general election battle against President Donald Trump, Biden unveiled his initial proposal for debt cancellation of $10,000 per borrower, with no mention of an income cap. Inside the administration, officials have discussed since at least early summer forgiving more than $10,000 of student debt for certain categories of borrowers, such as Pell Grant recipients, according to three people with knowledge of the deliberations. That remained one of the final variables being considered by Biden heading into Wednesday’s announcement.

“President Biden’s decision on student debt cannot become the latest example of a policy that has left Black people — especially Black women — behind,” he said. “This is not how you treat Black voters who turned out in record numbers and provided 90% of their vote to once again save democracy in 2020.”

Republicans, meanwhile, see only political upside if Biden pursues a large-scale cancellation of student debt ahead of the November midterms, anticipating backlash for Democrats — particularly in states where there are large numbers of working-class voters without college degrees. Critics of broad student debt forgiveness also believe it will open the White House to lawsuits, on the grounds that Congress has never given the president the explicit authority to cancel debt on his own.

N Pelosi said only an act of Congress could make this happen. She's very silent right now. BTW, $10K isn't going to eliminate all debt for a student. They'll still be paying. This is just a ploy to get more votes, using MY money. If I could pay off my student loans, so can they.

I want reparations for paying off my student debt off like MILLIONS of other hard working Americans. These pronoun punks get a free ride? Yeah no.

More horrible spending of our tax dollars just to try & gain popularity while our economy is the lowest, our retirement investments failing, illegals everywhere, drugs & criminals pouring in, all due to democrats in charge.

How you pay for your own Gender Studies degree?

He just lost every blue collar American. This is gonna help the GOP retake states like Wisconsin again in 2024.

While you look at tail lights and peddle your way to work..handle your job... lets give those A-holes free cash... and we get higher taxes

…this vote buying scheme will backfire because in no way is this reasonable. votebuying hacks liars

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Report: Expected student loan forgiveness would eliminate debt of nearly a third of Colorado borrowersNew research shows that nearly a third of borrowers in Colorado would have their entire student loan debt eliminated with $10,000 of forgiveness. via robharristv robharristv That’s awesome. robharristv It’s not forgiven.. someone else is paying for it in the form of national debt and inflation. robharristv Love this reverse Robinhood here, let's rob from the poor to give to the rich!
Source: DenverChannel - 🏆 239. / 63 Read more »

Student loan debt forgiveness won't give Biden, Dems the political, PR payoff they want: PerinoFox News co-host Dana Perino bashed the Biden administration Tuesday on 'The Five' for its expected cancellation of $10,000 in student loan debt per borrower. clownworld Wanna bet? Why doesn’t the GOP want to help Americans? VoteBlue2022
Source: FoxNews - 🏆 9. / 87 Read more »

White House Considering $10,000 in Student Loan Forgiveness for Borrowers Who Make Under $125,000: ReportPresident Joe Biden has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are set to resume.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Biden's Decision on Student Loan Forgiveness Could Come as Soon as TomorrowThe Biden administration has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are scheduled to resume after being paused for over two years: Good. They deserve it but it should be more. They work 4 times harder and for less pay than the entitled boomers who got to go to school for $500 a semester.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Chuck Schumer begged Joe Biden to boost student loan forgiveness: ReportBiden is expected to announce a plan on Wednesday to forgive $10,000 in debt for Americans with federal student loans who make $125,000 per year or less. What about mine from 1996? I paid them off making $24k a year The democrat world. Dems and pedo joe are better at creating fear by using the FBI, IRS and every agency to intimidate the American people.
Source: Newsweek - 🏆 468. / 52 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
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