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.
About 43 million borrowers will benefit, and 20 million will have their debt completely canceled, according to a senior administration official. The White House said more than 60% of current federal student loan borrowers also received Pell Grants. "This is a slap in the face to those who never went to college, as well as borrowers who upheld their responsibility to taxpayers and paid back their loans," said Rep. Virginia Foxx of North Carolina, the top Republican on the House Education Committee, in a Tuesday night statement.
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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 is canceling up to $10K in student loans, $20K for Pell Grant recipientsOn Wednesday, President Biden announced an effort to forgive some federal student loan debt for qualifying borrowers. Biden also extended the federal student loan payment pause through Dec. 31. A horrible give away aimed at “buying” votes.
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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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Watch: Biden Discusses Plan to Cancel $10K in Federal Student Loan Debt and $20K for Pell Grant RecipientsBiden is also set to extend a pause on federal student loan payments for what the White House calls the “final time” through Dec. 31, 2022, and propose capping the amount that borrowers pay monthly on undergraduate loans at 5% of their earnings Far cry from canceling total college debt like he campaigned on ! Nothing but a liar & a fraud What MrsKellyGannon Extend the pause ? I guess he still hasn’t shut down the virus
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