Dimon called the program “badly done” when speaking before a U.S. House panel with other large bank CEOs on Wednesday.
“I wish they had targeted the people who actually needed help,” Dimon said. “They still haven’t fixed the underwriting and they haven’t fixed the cost of college.”President Biden’s plan would essentially give up to $20,000 in student loan cancellation to Americans earning less than $125,000 a year if they received Pell Grants and up to $10,000 in cancellation if they did not receive Pell Grants.
Dimon’s denunciation of the plan comes after a Convention of States Action/Trafalgar Group survey found that a majority of Americans would not vote for candidates who support the plan in the upcoming midterms. As Breitbart NewsOverall, 55.6 percent indicated they are less likely to support a candidate who supports Biden’s plan … Of those who said they are less likely to vote for a political candidate who supports Biden’s plan, 49 percent said they are “much less likely,” and 6.
Opinions are divided along party lines, as the overwhelming majority of Democrats, 89.4 percent, said they are more likely to vote for a candidate who supports Biden’s plan. However, 88.5 percent of Republicans said they are less likely, ad 53.9 percent of independents feel the same way.
Be honest. This pay off debt is his way of using OUR money to buy votes for Democrats.
The 'ongoing problem' is that too many people want someone to give them a leg up, rather than working hard to pay their own way. And too many go to college to have fun, rather than learn something that will allow them to take care of themselves.
Biden or his handlers are only doing this to get votes.
The senile president, under pressure of his party bosses, is trying to collect votes for the November election. Forget it! It's too late! Mr. Biden, you have no influence or control over your government, the Federal Reserve Board, and your party. Can you please retire?
oh no…that poor big bank CEO. How is he ever going to afford rent and groceries? What is this world coming to?!
Says the white dude worth over a billion dollars.
He owns me 20 thousand wright now so shut up please 😡
You heard the man... Let's go big!!!!!!!!! POTUS DNC VP
Yeah, the people with money falling out of their asses don't care about anyone else. So? Your point is.....
It is pure BS; when do I get my $ back? You sign for a loan you pay it back, it is that simple. What is this government now teaching young people? To be depend and irresponsible.