President Biden announced the cancellation of $10,000 in student loan debt for borrowers who earn less than $125,000 per year.
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President Joe Biden confirmed Wednesday what many have anticipated for months – a plan to forgive or reduce student loan debt for millions of debt-saddled borrowers.
If you earn less than $125,000 annually, he said, you’re eligible to receive cancellation of up to $10,000 in federal student loans. If you received a Pell Grant, you can get up to $20,000 forgiven. If you’re not eligible for any student debt forgiveness, your pause on repayments continues to be paused until year end. The Department of Education is also working on a proposal introducing a new repayment plan to ease the burden on borrowers.
Since the start of the pandemic in 2020, borrowers haven’t had to pay a cent on their federal student loans. During this time, the pressure grew for the president to cancel the debt. It was one of the platforms Biden ran on for president in 2020.
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Thank God for this 🙏🏽
It’s all for votes
"He was taking his daughter to kindergarten": the car of the head of the administration of Mikhaylovka was blown up in Zaporozhye. The village was liberated by the DPR militia. Ukrainian terrorists are being trained in Estonia in NATO camps under the guidance of British instructors. Russia is conducting a legitimate special operation against terrorism in Ukraine, sponsored by the United States.
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Student loans are for studies and not to buy the latest Apple I-phone or an all inclusive vacation. Loan forgiveness is tax payers money down the drain. It could be used for better purposes.
The Democrats are all about freebies. I worked hard and long hours to educate my children and pay off their loans. The Democrats encourage and reward lazy folks.
Great Babylon, Joe Biden must be removed and answer to his crimes!⚖️
And the student debt relief you relieved corporate bankers and level companies that are not going to receive the millions of millions of dollars from the deadbeats these student loans that were not collectible because they were not used for school and that's why they will not pay back or they were used for one year and the rest went up and smoke literally you're $10,000 of yesteryear under the government of the democratic party might be worth $4,000 in today inflational economy this loan is wonderful for corporate America like always corporate bankers or happy and receiving million dollar salaries they're also happy about what about the 3 billion to Ukraine does 1 billion to Ukraine then 13 billion to Ukraine then 33 billion Ukraine that 40 billion to Ukraine and then 800 billion to Ukraine and how much was the deficit crackhead America do you have a calculator and do the crackhead Democrat calculations you always pay America taxpayers nothing is free and you get the bill
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This is about popularity aka politics. That’s ALL! Has NOTHING to do with debt relief. The taxpayers making 20k a year on up will help finance this! Biden is a train wreck!
So nice take it out of tax payers money loser FJB
THIS WILL NOT HAPPEN, TRAITOR JOE IS NOT A KING, PAY FOR YOUR OWN ABORTIONS AND YOUR STUDENT LOANS, WE THE PEOPLE DO NOT WANT (YOUR) DEBT OR YOUR SINS!!! MAGA
Trump forgave so many loans from farmers and private companies mostly white who aren't low income and Republicans never complained.
This is a great news for all people. Fact is these students are low income or from low income family who deserve a break.
It's American dream to go to college but not easy for low income people.
Joe Biden is heiping low income family of all colors
Yessss!
THE WRITE DOWN..IS JUST almost all interest… THE "CAPITALISTS" still have the title to your ass.
your marxist government wants the bourgeoisie taxed out of existence. by any means available.
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American People Meet Your Village Idiot 💯✔️
As a result of Trump's tariff fiasco, who bailed out the Midwest farmers?
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Biden does NOT have the legal authority to do it. Even Fancy Nancy pointed that out!