WASHINGTON, United States - President Joe Biden on Wednesday announced that most US university graduates still trying to pay off student loans will get $10,000 of relief to address a decades-old headache of massive educational debt across the country.
The proposed debt relief falls far short of some Democrats' goal of securing complete forgiveness, but is opposed by Republicans who argue that shaving any amount from graduates' loans is unfair to those who have spent years saving to pay off their own debts. In total, some 45 million borrowers nationwide owe a collective $1.6 trillion, according to the White House.
Not much of a relief for tax payers footing the bill..
versus our R350 grant ...........wake up SA wake up supporters of the myanc, wake up and just once do not vote for the ANC ( Nelson Mandela wanted a rainbow nation) but what we got is black criminals fat cats !