Biden’s plan promises $10,000 in federal student debt forgiveness to those with incomes of less than $125,000, or households earning less than $250,000. Pell Grant recipients, who typically demonstrate more financial need, are eligible for an additional $10,000 in relief.The Congressional Budget Office has said the program will cost about $400 billion over the next three decades.
More than 26 million people already applied for the relief, with 16 million approved, but the Education Department stopped processing applications last month after a federal judge in Texas struck down the plan. The Texas case is one of two in which federal judges have forbidden the administration from implementing the loan cancellations.
In a separate lawsuit filed by six states, a three-judge panel of the 8th U.S. Circuit Court of Appeals in St. Louis also put the plan on hold, and that case before the Supreme Court.
JoeBiden proposal was attacked by Republican Baseball Evangelical Millionaire Kurt Schilling who called the 43,000,000 kids drowning with student loans LEECHES. Only one problem, Schilling had $75,000,000 in small business loans which he went bankrupt on, taxpayers pay his bill
Few solutions that would receive bipartisan support: 1.Cap off student loan interest rates. 2.Allow payments toward student loans with pre-taxed income and tax the remaining. 3.Tax incentivize employers to match a percentage of student loan payments similar to 401k.
60 million usa paided pre birth , partial birth , post birth abortions .... maybe usa has gone insane .. austin wants to weaken russia ... do you have a bunker / air support f=====g russia has thousands of nukes
nancy blames the gop for paul getting into a fight with a canadian ; austin wants to weaken russia ; congress prints trillion dollar iou coins every 6 months , we brain wash our military recruits , maybe paganism doesn't work
if after 16 - 20 yrs of usa education ; the grads cannot pay the interest on their loans .. if the system quacks broken waddles broken ...
usa college grads x pay the interest on their loans sounds like a nation of fools
Corrupt court deliberately delaying till they know the reps can block it
After people voted for democrats? Lmao , they will keep deceiving weales
Will report on the real story that if the executive branch is granted the power to forgive federal loans, it will open the door for tremendous corruption?
Loan Forgiveness Program is as dead as can be.
What they gone do if people dont pay?
Time to dismiss the liars under oath and that asshat thomas that broke the law for his insurrectionist wife.
Next year when the Republicans have the house lmao it’s a no go bro. Pay your own bills you bums . Get to work
Trumps judges…what a joke
Just comparing the ~$750B forgiven in the course of a year+ to the student relief program that's said to cost ~$400B over *three decades*. Education is how the Republikkkans lose voters which is why they're after school board seats now. Restrict, retard, & rule the populace.
Not right to take hard working peoples tax money and give it to a group of people who borrowed money but then decide they don’t want to honor their debt. You borrow You pay back what you borrowed. America is not your piggy bank
It doesn't get cancelled. It gets shifted to all taxpayers. Even ones that already paid their own or other family members student debt.
They not going to agree with that need congress for money 🤔❗
I get the idea, but there's no way to magically make debt vanish, only move it somewhere else.
Yeah yeah
If this ends up being blocked for good I'm curious what Biden will do with the pause.
🤦🏾♀️
eldsjal Please address the issue currently impacting BTS and its members on SpotifyWrapped and end of year charts. This looks like intentional, blatant manipulation of Spotify numbers to remove BTS from leading positions. SpotifyCorrupt nytimes BuzzFeed LaineyGossip
Biden said he will push it through one way or another since he has veto power. He must be letting it play out first like the centrist that he is. Let’s see if he keeps his word.
Boooooooooooooo
Another campaign LIE
cancel the vax mandates first. Do the important things first.
That’s fine, politicians wants to buy vote with tax payers money 💰
Bottom line people, Republicans blocked this just like they try to block ANYTHING that helps the people instead of their powerful corporate donors. The only way ANYTHING gets done for the people is to vote out EVERY Republican you can.
This administration always knew that the student loan cancellation would never make it past the supreme court. The only reason he even pretended to do it was to gain votes for democratic candidates in the midterms. Anyone who voted on this issue are all a bunch of suckers...
And they will somehow managed to drag it out so Biden can continue to promise to fight for it while on the campaign trail only to have it found unconstitutional shortly after. RemindMe_OfThis November 1 2024
Not really helping their case for Justice. They will try and come up with some bullshit about how forgiving student loans will hurt the economy, that being the people who pay them for legal favors. There's no legality to debate over it.
Players got played.
Good but until the court rules the NFA and the 16th amendment unconstitutional the Supreme Court words will continue to be worth Jack shit…
I want my mortgage paid off! And a round the world vacation!
It’s no secret the US Government would like to have millions in debt and under their control as opposed to freeing millions of people from billions of debt.
No approval of House = no loan cancellation cause house never approved the spending.
SCOTUS with another win.
Keep pushing back my payments. Thanks.
We all know how they’ll rule.
cum