More than two years ago, then-presidential candidate Joe Biden pledged to cancel at least $10,000 in federal student loans. The pledge has followed his administration ever since.
On Wednesday, President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for other qualifying borrowers. Biden also extended the federal student loan payment pause through Dec. 31. “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,” Biden said in aU.S.
To qualify for the $10,000 forgiveness, individual borrowers must earn less than $125,000 a year, or less than $250,000 a year for couples.To qualify for the $20,000 forgiveness, borrowers must meet those income requirements and must have received a Pell Grant in college. Pell Grants are designed to
A horrible give away aimed at “buying” votes.
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Biden is canceling up to $10K in student loans, $20K for Pell Grant recipientsBREAKING: President Biden announced a sweeping effort to forgive up to $20,000 of federal student loan debt for Pell Grant recipients, and up to $10,000 for others. Biden also extended the federal student loan payment pause through Dec. 31.
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Biden cancels up to $20K in student loans for Pell Grant recipients, $10K for millions of othersThe White House also extended the moratorium on monthly student loan payments and interest through Dec. 31. The decision will: • Cancel up to $20k for Pell Grant recipients and up to $10k for borrowers who make under $125k •Extend the pause on repayments by 4 months • Cut monthly payments in half for future borrowers taking out undergraduate loans Can we just call this for what it is; Democrats panic buying votes before the midterms and screw the consequences He's trying to buy Democrat support.
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Biden student loan plan: $10,000 forgiven, $20,000 for Pell Grant recipientsBiden is also extending a pause on federal student loan payments for what he called the “final time” through the end of 2022.
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Biden student loan plan: $10,000 forgiven, $20,000 for Pell Grant recipientsBiden is also extending a pause on federal student loan payments for what he called the “final time” through the end of 2022. Where's my freakin refund I payed my student I didn't get a handout. Your just trying to buy votes Biden. While you create a spoiled generation of young people. Your just a junky president. I'm eligible! 😐. Wish i did make that or more...
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