WASHINGTON --
Still, the action is unlikely to thrill any of the factions that have been jostling for influence as Biden weighs how much to cancel and for whom. During the 2020 presidential campaign, Biden was initially skeptical of student loan debt cancellation as he faced off against more progressive candidates for the Democratic nomination. Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt., had proposed cancellations of $50,000 or more.
In his pitch, Schumer argued to Biden that doing so was the right thing morally and economically, said the Democrat, who asked for anonymity to describe a private conversation. She described student debt as a "gateway issue" for younger voters, meaning it affects their views and decisions on housing affordability and career choices. A survey of 18- to 29-year-olds conducted by the Harvard Institute of Politics in March found that 59% of those polled favored debt cancellation of some sort - whether for all borrowers or those most in need - although student loans did not rank high among issues that most concerned people in that age group.
Combined with fears about expanding abortion restrictions and Trump's reemergence on the political scene, Della Volpe said student debt forgiveness "adds an additional tailwind to an already improving position with young people."
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Biden to announce cancelation of $10,000 in student loan debt, extend pause on repayments, reports sayThe Biden Administration is expected to announce a plan that will cancel thousands of dollars in student loan debt, and extend the ongoing federal student loan payment pause for several more months. Baruch Hashem!! He should get the taliban to pay for the billions of dollars worth of military weapons to pay for it. Pandering for mid-term votes.
Source: PhillyInquirer - 🏆 81. / 68 Read more »
Biden set to announce $10,000 federal student loan cancellationPresident Joe Biden is soon set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January.
Source: dothaneagle - 🏆 337. / 59 Read more »
Biden expected to announce student loan cancelation, payment pausePresident Joe Biden on Wednesday is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, sources told the Associated Press. It’s a shame we are teaching generations how not being accountable. It would also be nice to get advice from financial advisers to find out what jobs make enough money to pay back the loan. I paid for my daughters education while her friends got student loans and went shopping with the money. My daughter did without because we couldn’t afford to give extra money. Now forgive student loans that were not used that way some of the time?
Source: SpectrumNews1TX - 🏆 333. / 59 Read more »
President Biden poised to announce some form of student loan forgiveness: SourcesJoe Biden is poised to decide whether to cancel student loan debt for a subset of Americans and continue to keep a COVID-era pause on the repayments I’m not going to paid for someone who majored in liberal arts & couldn’t job at all. This doesn't apply to me, I don't have any student loans. But he did campaign on this and it's only right that he does it. Infuriating!
Source: ABC - 🏆 471. / 51 Read more »
President Biden expected to announce forgiving student loans, extending pause on paymentsPresident Joe Biden is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan. L President.. That is wrong. Students who incurred student loans earn above the average median income levels. Those in part who did not go to college and earn below the average median income level will be paying off their student loans Now you understand how Socialism works up close and personal
Source: chicagotribune - 🏆 8. / 91 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.
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