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."
So. My parents paid for a lot of training while I was in HS for me to be a good baseball player. It paid off. I didn’t have to pay for college because I was pretty good. Can they get reimbursed for all that training that allowed me to get my education paid for?
Typical Democrat... good idea, horrible execution. One third of student loan debt is by those with post graduate degrees. Why do elite, educated people deserve a $10,000 break from my pocket? The limit should be much lower! Very unfair to the working class!!
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Biden to announce $10K federal student loan cancellation for many, extend repayment pause: sourcesPresident 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, according to three people familiar with the plan.
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Biden to announce $10K federal student loan cancellation for many, extend repayment pause: sourcesDetails 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. Another move that does literally nothing but put the burden of others on taxpayers while being useless in the longrun Yes JoeBiden will announce today his new effort to buy votes before mid-term elections. The financial illiteracy of the unsophisticated debtor, in this case, college loan holders, is, as a taxpayer, not my problem. The same as ignorance of the law is not a valid defense, ignorance of how interest is compounded is not a valid excuse nor reason for debt relief.
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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.
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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.
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Student loan forgiveness: Biden expected to announce up to $10K debt cancellationBiden is expected to deliver on his campaign promise to provide up to $10,000 in debt cancellation, according to the AP. He is also set to extend the pause on payments. FACT CHECK: 100% FALSE JACKASSJOE ISN’T CANCELLING ANYTHING, HE’S REASSIGNING DEADBEAT’S DEBTS TO EVERY TAXPAYER FOR YEARS TO COME! 81MillionBallotsMyAss He can't 'forgive debt'. That takes an act of Congress. Simple fact. They signed for the loan. They should have to pay for it. Grow up and get a job. Sure hope he reads the teleprompter correctly.
Source: fox32news - 🏆 547. / 51 Read more »
Student loan forgiveness: Biden expected to announce up to $10K debt cancellationBiden is expected to deliver on his campaign promise to provide up to $10,000 in debt cancellation — but for certain borrowers, according to the AP. He is also set to extend the pause on payments. Buying votes with taxpayer dollars. Who is going to pay this debt? You and me. Record high inflation, recession, new tax and spend Inflation Expansion Act. Now add on this new tax. DemocratsAreTheProblem Pay your OWN bills losers!
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