People who didn't receive a Pell Grant are eligible for up to $10,000 in loan forgiveness, the president said on Twitter.In addition to canceling student loan debt, Biden will extend the repayment pause until Dec. 31. He said this will be the last extension of the pause, which began due to the pandemic.
Biden's plan will also allow people with undergraduate loans to cap their repayment at 5% of their monthly income. It's still unclear how the plan will be implemented. Biden is expected to make a formal announcement Wednesday afternoon. Many people were hoping to get information ahead of Biden's announcement. Borrowers reported that their loan provider's website went down Wednesday morning.Report a typo
That’s Bernie
Nothing wrong with helping people get educated
This is the most incompetent administration ever put on this earth! do I get my tens of thousands of dollars back? Democrats have lost their minds.
This does nothing until we have student loans reform. These loans are predatory. Why would we offer 18 year olds who haven’t worked loans or $100k+ and make it impossible to get rid of via bankruptcy etc. Good start but big changes needed
“Idiocracy” is looking more and more like a documentary by the day.
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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.
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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 »
Biden announces mass student loan forgiveness programBREAKING: President Joe Biden has announced a mass student loans forgiveness program. This is discriminatory towards anyone who did not attend college. It’s in keeping with the slacker mentality this generation and progressives have. they’re the same one who endorse “quiet quitting”. 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.
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PolitiFact - On student loan forgiveness, Joe Biden has many optionsPresident Biden has announced a plan where $10,000 of student debt loan will be forgiven for those who didn't receive Pell Grants and make less than $125,000. The pause on student loan repayments has been extended to the end of the year. Link appears to go to a different article- heads up! Just remove the interest. That is the most common sense and fair option
Source: PolitiFact - 🏆 17. / 71 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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