Debt consolidation through a personal loan makes sense if you can qualify for a new loan at a lower rate and you have a plan to pay off what you owe. A U.S. judge in Texas on Thursday blocked President Joe Biden's plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
District Court Judge Mark Pittman, an appointee of former President Donald Trump based in Fort Worth, said the program usurped Congress' power to make laws. The debt forgiveness plan would cancel $10,000 in student loan debt for those making less than $125,000 or households with less than $250,000 in income. Pell Grant recipients, who typically demonstrate more financial need, would get an additional $10,000 in debt forgiven.
The cancellation applies to federal student loans used to attend undergraduate and graduate school, along with Parent Plus loans.
This is good
Hey what tell all those businesses ower to return Poe money. Fair is fair
But it ok to bail out companies
You want to keep teachers, that loan forgiveness would be a good place to start. I've been paying on my elementary education degree for 17 years.
WOW! Did he block the tax breaks for the wealth.....oh,Nay because that would include him.
Bravo!!!🇺🇸🇺🇸🇺🇸
Bullshit I'm tired of the people thinking this is an handout. I've paid on my loans and still paying on them. They will probably see them unpaid til the grave...
The lawsuit was brought by 2 ppl who didn’t qualify. 2 out of millions.
…Grad school THAT’s what I have to pay back if I take on another loan! Really?
This “Forgiveness” should have included past student borrowers! Back when I graduated I had $13,500.00 in student loans. I became I’ll & years later was advised the Government paid it back to the tune of over $20,000.00 (Supposedly the interests). Now, if I want to go to Grad
As they should!
Notice they waited until after the midterms, after all the GenZ votes were paid for.
It’s unfortunate, the rich will always be forgiven, poor students shall toil and tarmac
I paid as I went, so no loan. I have no wish to pay other people's bills through higher taxes.
❤️
Does president Biden pays these loans forgiveness from his personal account? We do not want our tax money goes for student loan forgiveness.
I earned an MBA from a state / federal university and where did it get me? Refund please. At least I’m educated
Yeah sure just like everyone paid into social security you should get that too the old white guys just want it to be 1830 again I guess when Rick Scott and Graham take it away and Medicare watch the Crocodile tears..lol
I agree about paying back loans, however, it's the interest rates that keep graduates drowning in the student loan debt. Me included. I had less than 30k in loans. It's now over 50k due to inability to pay an affordable payment and support Myself with ridiculous cost of living.
90% of PPP Loans have already been fully forgiven or partially. Including the PPP loan of a PLAINTIFF in this lawsuit 🤣🤣 That’s wiillllldddd!!!
Excellent news. Hope it stands. 👍👍👍
What right does he have to require tax payers to pay for loans people voluntary took out?
GOP doing a good job losing younger generations. 😃
Good. Pay your loans be an adult. Welcome to the real world kids.
Borrow money, pay it back, simple. Lower income Americans shouldn’t bail out upper class college grads.
Good, you took out the loan, you pay it back.
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