WASHINGTON — Millions of Americans were waiting to learn the fate of their federal student debt on Wednesday as President Joe Biden prepared to deliver on his campaign promise to provide up to $10,000 in debt cancellation.
Details of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar with the decision. Biden is also set to extend a pause on federal student loan payments through January. Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
I don't know why Republicans are so pressed about this. None of them went to college anyway.
Truth-o-Meter: We live in a dystopian society. Next you will be paying off mortgages, Car loans, Energy bills, and credit cards. Hold your breath.
This will hurt the future generation... Student Loan lenders will change their policies - Future students will get the short end of the stick - I call it 'Dumbing Down' !!!
I have an idea how about you just ask the college to forgive the debt and see what they say... keep your hands out of our pockets
Do I get $10,000 back for struggling for years to pay off my debt, which I was contractually obligated to do?
Let’s offer a solution that does nothing to solve the actual problem. Liberal logic
Mortgage companies all over the U.S. I hope are listening. I've been trying to approve for a home mortgage. Several denials, same report 'it's your student loans, you have an excellent credit score, and no other debt'. I'm trying to pay it off, working for a nfp & in higher ed
good morning Mad People!
Biden creating the lazy American class
Anyone know where this fool thinks he has the authority to do this? Or are we all about helping the rich, while screwing over the middle class and poor, who will now take on this debt while not attending university themselves?
What about those that refinanced mortgage for their kids? What about those that refinanced with private lender What about those that just finished paying off?
A___hole.
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Biden expected today to announce plan for student-loan forgivenessDetails of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar with the decision. Got ppl taking Taylor swift classes in college that ppl have to pay for. These democrats gotta go. Inflation going to destroy the middle class. Cuz that’s who’s paying This will ruin the positive momentum he has been building
Source: clevelanddotcom - 🏆 301. / 63 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 »
Joe Biden expected to announce $10,000 student loan forgiveness program Wednesday: reportPresident Biden's expected announcement to forgive $10,000 in student loans will cost American taxpayers around $300 billion, according to some estimates. Buying them votes ahead of mid-terms again. Kurohig51653942 Such a disgrace!🖕 He better not
Source: FoxNews - 🏆 9. / 87 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'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 »
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 »