Biden says he is forgiving $5 billion in student debt for another 74,000 Americans
Biden says he is forgiving $5 billion in student debt for another 74,000 Americans
President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.
President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president's student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
Bidens list of achievements on behalf of the American people is entirely irrelevant to his re-election.
It doesn't matter what he does, the narrative is set. The bullshit about genocide Joe just proves that. If anyone thinks Trump or any Republican would be different on that file, they're a fucking retard. If they think Trump or any Republican would be better for the economy and them individually, they're ignorant of history and they're likely captured by right wing news outlets that feed those lies.
Y'all are fucked. Try to keep it internal this time, the world still hasn't recovered from last round.
My lender has been sitting on my application for PAYE since September. And I doubt it ever gets processed as it won't help their bottom line.
Biden should have left the debt pause indefinitely and fight judges who ruled against himself. The courts allow delays. This would gain him back a lot of support and it would cost him zero political capital.
Good call, but we need to fix the underlying problem that is the ridiculous price for higher education. With every piece of information online I find it very hard to believe we can’t get average annual tuition down from 20k a year.
Averages out to be 67,567.56 per.
Paying education loans even after 20 years of working in public service? Seems like a failure of the education system. I'm from Europe, also been to India a lot on business, and never have I seen anything of this magnitude. You can get a good education even in India for a very nominal tuition fee that middle-class parents are also able to cover without taking out loans. For poor families, it's virtually nothing in good state universities. The idea is that education will empower even the poor and they'll be able to get a good job and become tax paying citizens. Not like if you're poor, we're still gonna crush the heck out of you with more debt. The latter seems to be the strategy employed in the US. In most European countries, education is virtually free covered by taxes. Of course taxes are high but it benefits everyone in terms of healthcare and education. Is that really so bad? Isn't it the government's job to make sure EVERYONE has access to good healthcare and education? Then why does it feel that it is a money-oriented corporation running the country rather than a government?
Sorry, went on a rant there. Whenever I see something like this it just makes my blood boil. Teachers, firefighters, nurses still paying student loans after a decade or two, that's a failure of the education system right there.
Wow, thx Joe!
fuck you biden for again putting a stipulation on your promises and only helping a select few
either forgive it all or just forget about it tired of my hopes going up every time a biden is living up to his campaign promises article comes
silent joe waited until election year to have anything to say
justice delayed is justice denied
So you work and start paying your loan for 10-20 years and you still didn't fully paid it?