White House says student loan handout to cost $24B per year, applications to be available in October

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The White House says that its new student loan forgiveness program is expected to cost $24 billion over a 10-year period, far less than what independent researchers have said.

already "fully paid for" since the U.S. is on track to see a $1.7 trillion reduction in the U.S. deficit.

"We're using a portion of that, a very small portion of it, to provide relief to middle class families consistent with the President's plan," he added. The White House extended the pandemic-era student loan repayment freeze through the end of the year.

 

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Loan forgiveness? What about the 100s of thousands who paid their loan as agreed? Or how about all the kids in college now, are you paying theirs? Or are you only worried about those who vote in November?

Meanwhile the Trump Billionaire Tax Cuts cost about 100 billion per year or more. Much more.

Republicans are all about throwing numbers around. No wonder they want to ban math. They will never understand it.🚽🪠🍊🤡💩

Wonderful and hopeful!

No one at the Whitehouse seems to know true cost, ranges $225 to $1 trillion depending on who you ask

Wharton school of Business estimates $500B or more.

“Every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right.” - George Orwell, 1984

Does that include 10% for the big guy or do i need to send a seperate check?

Stop spending our money

Residents in these 13 states could pay taxes on their student loan relief

Application comes with a ballot attached with box checked for Biden

Funny. You didn't call the 2-Trillion $ tax cut to corporations and billionaires a ''handout''- $ 2 TRILLION

Job applications are also available at any time, too.

Applications available right before the midterms-how convenient.

I cant beleieve your spending $ like the United States is your own personal piggy bank Were already in debt from u & ur tacking on another 1.3 trillion in debt u dont care sleepy joe! How some1 w alzheimers can Win an election or b able 2 run the country shows how weve declined

Remember your recent promoting of the Inflation reduction act? $300 billion to deficit reduction? Ink not dry and they spend $500 billion to bail out student loans.

traidor, Joe Biden es el Lopez Obrador de USA

Because as it stands right now... having interest added every month to everyone's debts is increasing the burden on our nation and taxpayers.

Be able to start paying it back consistently. Wouldn't you like that? Wouldn't you like to see that 2 trillion start to decrease as students pay their monthly payments with no interest being added onto it?

But if through income based repayment plans and incentives like no longer having internet added to your balance as long as you make your payments on time and the affordability of only up to 5% of your income being required per month compared to 10% maybe people will actually

If someone keeps defaulting on their loans because they don't make enough to pay the monthly payments that 2 trillion won't ever come down

400 billion is less than 2 trillion+. It's almost as though you guys don't want us to ever pay the 2 trillion dollars. It's almost like you want us to stay in debt if you'd rather keep the 2 trillion instead of helping us pay it down

If the students who will still have remaining balances after the 10-20k decrease are able to afford their monthly payments due to the other great changes included in the plan than students will be able to pay down that 2 trillion dollars that are already burdening our nation.

White House lies. Modeling shows this will cost a trillion to start. And you know damned well these numbers are just the beginning as desperate as they are to buy more votes for the midterms.

Closer to a Trillion.

Bro de pinga el viejo cagalitroso este

All of his senses seem to be fading.

With this so-called student loan'forgiveness' 3 things must now occur.1 the defunct failed fed student loan program ends immediately stop the financial bleeding, 2 all future student loans must be cosigned by the school, 3 colleges lose their non-profit tax status, pay fair share

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White House officials stand to benefit from Biden student debt handout: Watchdog groupSeveral White House staffers who have loans themselves and make under the salary threshold stand to benefit from President Biden's $300 billion student loan handout. Former Trump officials too Do the HONORABLE THING and DECLINE the PANDERING HANDOUT POTUS JoeBiden Staff should JustSayNo to this AbuseOfPower Rewarding the irresponsible, what a slap in the face to the responsible citizens
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