Biden announces student loan relief for borrowers making less than $125,000

"Education is a ticket to a better life. ... but over time that ticket has become too expensive for too many Americans," Biden said during a speech from the White House."All this means that an entire generation is now saddled with unsustainable debt in exchange for an attempt, at least, at a college degree. The burden is so heavy that even if you graduate you may not have access to the middle-class life that the college degree once provided.

"Marc Goldwein, the senior vice president and senior policy director for the Committee for a Responsible Federal Budget -- a nonpartisan group that tracks federal spending -- argued against the plan in an interview with CNN's Poppy Harlow on"Newsroom" Tuesday morning.

☆ 300 billion more thrown on the backs of taxpayers!! As Biden continues to spend money like a drunken salior!!

“Forgiving” student debt really means taking money from American taxpayers — the majority of whom chose not to attend college — and using it to subsidize the minority of individuals that opted to pursue higher education. Why not pay off low-income credit card debt instead?

Harvard, Tale, Princeton, etc who have 250 billions will Benefit

WHCOS Joe enjoys playing Santa Claus giving taxpayers money away

Looks like paid off my student loans too soon. But maybe he can buy my vote if he forgives $10k of my pickup loan!

notenough

Thank you POTUS This and PSLF are a blessing. Still need to make a few more payments, but they'll be more manageable. Any chance you can give everyone 0% interest when payments resume? Or a lower fixed rate? The interest eats up the payment! The principal never goes down!

Should be struck down in the courts. It's illegal overreach. Also buying votes is illegal. This favoritism is going to tick off a lot of people and backfire. Rob the poor to pay the rich. Pay back your own loans you grifters

Too expensive? How about living conditions currently for all Americans! Too damn expensive under this lying hypocrite

It should be struck down in the courts. It's illegal overreach. Also buying votes is illegal. This favoritism is going to tick off a lot of people and backfire. Rob the poor to pay the rich. Pay back your own loans you grifters. Or let the greedy universities forgive the loans

I’m so happy college is free now. Go ahead, take out that 100K college loan… you’ll never have to pay it back! 👍

Any thought to dealing with the outrageous cost of higher education? Rather than provide funds that feeds the cost?

So do I get to claim them as dependents then as a tax right off?

When hiring someone, the first question you should ask is did you pay off your own loans or did you make the American taxpayers pay for it? You'll know right then if they are responsible or not.

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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.
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