Biden announces mass student loan forgiveness program

The White House has long teased"canceling" $10,000 per borrower of student loans, which would mean shifting the debt on to taxpayers, but it finally announced the details of the program on Wednesday. In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.

"What does it say for all those folks? Boy, you were really stupid here," former Education Secretary Betsy DeVos told the Washington Examiner in June. One issue that conservatives and progressives largely agree on is that reforms need to be made in order to prevent future borrowers from racking up similar levels of debt. The White House, however, has not laid out firm plans to attack that aspect of the loans situation.

Another question is whether Biden has the legal standing to take action on loans without Congress. House Speaker Nancy Pelosi said in 2021 that the president cannot move without Congress, and most on the Right agree.

Colleges should be on the hook for student debt. Part of the tuition should be for a placement program for the student's first job in their field of study. This should eliminate bogus degrees and make colleges focus on education NOT safe spaces.

It’s in keeping with the slacker mentality this generation and progressives have. they’re the same one who endorse “quiet quitting”.

This is discriminatory towards anyone who did not attend college.

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Biden's student loan plan: What we know (and what we don't)President Joe Biden is expected to announce today that many Americans can have up to $10,000 in federal student loan debt forgiven. Here's what we know so far and what it means for people with outstanding student loans. It means the responsible will be paying for the irresponsible. The US could get more bang for the buck if it paid debts based on not the face value but what the holders of the debt paid. Why? Because most student loans are resold in'tranches' at cents on the dollar. If someone paid $1k for a 10,000, pay the $1k, wipe out $10,000! Congrats to every worker busting their ass in the the ship channel, truckers, and other blue collar gigs to fund someone’s gender studies degree. Elections have consequences.
Source: HoustonChron - 🏆 609. / 51 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 »

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.
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