Biden nears decision on student loan cancellation, moratorium extension

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The president is expected to cancel $10,000 per borrower making $125,000 a year or less. (via NBC News)

payment pauseAlthough Biden had previously said he would make an announcement on student debt cancellation by the end of the month, the White House has insisted that no final decision had been made yet.

It is not clear whether there will be additional criteria for qualifying for student loan forgiveness. Although Biden is expected to follow through on his key campaign promise to address student debt, the move falls short of the $50,000 in cancellation that some Democrats have called for.

 

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Working people who complain about paying their bosses kids debts are selfish.

Can Darcy draw a cartoon of a (little people) plumber paying a (starting salary $124k) lawyers debts?

F Biden

Interesting tidbit: most jobs that require a diploma or 4 year degree do that just so they can legally discriminate. In fact, when hired, most will say, 'I don't care what they taught you in school. This is how we do things here.'

I cannot believe we are being punished for sacrificing for our children.

Meanwhile Americans will struggle.

Biden’s move to cancel student debt would cost more than $300 billion, study says

that means everyone making less than 125000 that doesnt have student loan debt, can add 10000 to their tax return this year

This should come with a 150 point reduction in their credit score for the next 7 years.

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