Texas Christian University students walk towards the Clark Hall dormitory at the Fort Worth campus, Aug. 27, 2020. Ben Torres/Special ContributorPresident Joe Biden announced on Wednesday that college graduates can get up to $20,000 in student loan forgiveness.
Roughly $120 billion of that belongs to Texans, with the average debt owed at nearly $33,000, according to theThe total cost of both four-year public and private colleges has nearly tripled since 1980, but federal support hasn’t kept up, according to a White House press release. Pell grants once covered nearly 80% of a student’s college costs, but now only cover a third.
Nearly 8 million borrowers may be eligible for automatic relief because relevant income data is already available, according to the White House’s press release.
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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 »
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.
Source: dcexaminer - 🏆 6. / 94 Read more »
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.
Source: Newsweek - 🏆 468. / 52 Read more »