Many Democrats had pushed for Biden to forgive as much as $50,000 per borrower, but cheered his action.
“President Biden’s student loan socialism is a slap in the face to every family who sacrificed to save for college, every graduate who paid their debt, and every American who chose a certain career path or volunteered to serve in our Armed Forces in order to avoid taking on debt,” Senate Minority Leader Mitch McConnell said Wednesday.
The government is also forgiving up to $20,000 in debt for recipients of federal Pell Grants, some 6 million students from low-income families, and is proposing a new rule that protects some income from repayment plans and forgives some loan balances after 10 years of repayment, the Education Department said.Article content
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Biden to cancel student loans for millions of U.S. borrowers WednesdayWASHINGTON — U.S. President Joe Biden will announce Wednesday that the government will forgive $10,000 in student loans for many of the country’s debt\u002Dsaddled… That should help with inflation lol 😂
Source: OttawaCitizen - 🏆 21. / 68 Read more »
Biden student loan forgiveness impacts millions, raises inflation questionsPresident Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for many debt\u002Dsaddled college graduates. Absolutely ridiculous. There should be class action law suit against Biden by the middle class who chose to pay for their kids education. potus is bribing everything with a heartbeat for the Nov election.
Source: TheTorontoSun - 🏆 23. / 68 Read more »
Biden cancels student loans for millions of U.S. borrowersPresident Joe Biden said on Wednesday the U.S. government will forgive $10,000 in student loans for many debt\u002Dsaddled college graduates. And will increase taxes for nearly all of them Taxpayers are paying for biden votes now.
Source: ottawasuncom - 🏆 4. / 92 Read more »