Who qualifies for student loan forgiveness under Biden’s plan?

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Education Education Headlines News

Education Education Latest News,Education Education Headlines

Who qualifies for student loan forgiveness under Biden’s plan? Here’s how the decision will impact some 43 million people with student loan debt nationwide.

forgiveness, following through on a key campaign promise of canceling debt for low- and middle-income borrowers.Who will get student loan forgiveness?

The plan also calls for $10,000 of loan forgiveness for all other federal borrowers, with the same income limits for individuals and families. The administration said if all eligible borrowers claim their relief, the move will provide relief for up to 43 millions borrowers, including canceling “the full remaining balance for roughly 20 million borrowers.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If you VOTE then you qualify.

So these parents that saved and saved. Others spend spend. Not fair. Just lower college tuition and give free interest rate loans.

If I made huge sacrifices in my late 20s to pay off all of my student debt; can I get the money I would have been forgiven had I not done so? Let me at least use it as a tax write off!

I was educated in my late teens/early 20s by dropping acid and hanging out at the mall and now I'm $500,000 in debt: how do I get my Biden bux?

More importantly, why does NBC say nothing about creepy Joe taking showers with his daughter? Apparently they find this sick behavior acceptable

I’ll take whiny liberals for 100 Alex

This student loan forgiveness is about election success in November for the Democrats. This $500 billion should guarantee that they hold on to both the Senate and Congress.

If billionaires aren't paying taxes, we just had a pandemic, 40 billion of our taxes going to other countries, we're funding crackheads, there's transexual healthcare, outrageous fuel & inflation prices and we cant get relief from our education from our own country?! That's sad.

Still leaves students with skin in the game and personal responsibility. I Like it.

If billionaires aren't paying taxes, we just had a pandemic, 40 billion of our taxes going to other countries, we're funding crackheads, there's transexual healthcare, outrageous fuel & inflation prices and we cant get relief from our education from our own country?! That's sad.

The Half-Trillion-Dollar Student-Loan Executive Coup Biden’s student-loan write-off is an abuse of power that favors college grads at the expense of plumbers and FedEx drivers.

So is this happening every year then? I mean, there are people taking out student loans right now. They’ll need paid off next, yes? Then the next year & the next & the next. All the while universities continuously raise tuition.

Must address high interest rates & outrageous costs for tuitions. Congress sets federal studentloan interest rates each yr based on an auction of 10-Year T notes. The Fed has raised interest rates to help control inflation. Parent + loan next yr will be 7.54%. studentloandebt

This is so dumb

luxyvibes

So those of us who went out and got a job and worked our rails off get to pay for a bunch of lazy losers. First give each one of them a simple quiz about our great country. If they miss any they are out of luck. Many can't tell you where the Capitol of the USA is.

Forget the borrowers...How does this impact taxpayers?

TaxationIsTheft LiberalismIsAMentalDisease MAGA2024 DeSantis TRUMP2024 AmericaFirst

Is that 125k per household or per borrower?

Isn't this less than half what he promised?

BIDEN IS BUYING VOTES

NBCNightlyNews A great day for deadbeats

So many have reduced or stopped paying hoping for a forgiveness program. Rather than forgiveness, I'd like to see reimbursement by the schools who allowed kids to borrow to obtain degrees that had little to no demand in the job market.

Hint. It isn't the plumper making $40k a year They have to pay the debt of the lawyer making $125k a year

that is total bs and you know. falsemediablows

not anyone financially responsible

I paid my loans off already. Where’s my refund? 🤬🤬🤬

There is no such thing as student loan forgiveness. There is only student loan transferral, where the debt is transferred from the person who took out the loan to someone else who did not take out the loan.

Which loans qualify?

ALL Student Loan Debt! Not just $10,000 or for those who make $120k or more! If Monies can be given spent for wars we aren’t a part of, then there clearly more than enough to take care of US citizens!! POTUS studentloanforgiveness

Damn AOC hooked herself up with 10k!!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in EDUCATİON

Education Education Latest News, Education Education Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

What student loans are eligible for forgiveness? Here’s a breakdownWith news of President Joe Biden’s student loan forgiveness plan, in which up to $20,000 of student federal loan debt may be forgiven, many likely have questions about eligibility. More free shit. Absolutely sickening! Wide sweeping? U crazy!! Only lazy students get the money. Those of us who actually worked and paid for college get nothing but a higher tax bill. Anyone who thinks adding 300 billion of free loan forgiveness during the highest inflation in 50 years needs their head examined
Source: FOX26Houston - 🏆 448. / 53 Read more »

Students split on President Biden's loan forgiveness announcement - KRLD NewsPresident Joe Biden has announced forgiveness for student loan borrowers making up to $125,000 a year. The president announced the plan Wednesday morning. Remember this from April SpeakerPelosi Pelosi: “People think that the President of the United States has the power for debt forgiveness. He does not.”
Source: KRLD - 🏆 75. / 68 Read more »

Student loan forgiveness: Biden unveils plan to cancel $10K in student debtBiden unveiled a plan to provide $10,000 of federal student loan debt relief for borrowers who earn under $125,000 annually, and more for those with the greatest financial need. Even his detractors and haters that have SLs will benefit from this I think this is good 😊 👍
Source: fox7austin - 🏆 594. / 51 Read more »

White House Considering $10,000 in Student Loan Forgiveness for Borrowers Who Make Under $125,000: ReportPresident Joe Biden has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are set to resume.
Source: nbcsandiego - 🏆 524. / 51 Read more »

Biden's Decision on Student Loan Forgiveness Could Come as Soon as TomorrowThe Biden administration has promised to make a decision on student loan forgiveness by the end of August, when monthly loan payments are scheduled to resume after being paused for over two years: Good. They deserve it but it should be more. They work 4 times harder and for less pay than the entitled boomers who got to go to school for $500 a semester.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »