Posted on 08/24/2022 9:06:42 AM PDT by Macky Cracklins
President Biden announced Wednesday that he will cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients, while extending the pause on federal student loan payments through the end of the year.
"In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023," Biden tweeted.
Biden is expected to give remarks on the plan Wednesday afternoon.
(Excerpt) Read more at foxnews.com ...
If you are a college student you should be smart enough to see through him. We all have had debt AND worked to pay OUR debt off - not yours.
If you are a college student you should be smart enough to see through him.
Yes they do and they’re voting THEIR pocketbook, not yours.
Their attitude is “F U Boomer, go and die already.”
UNCONSTITUTIONAL!!
As someone that paid their loans back, like an adult and someone with a sense of responsibility, have they set up a website where I can get a refund? /sarc
Will Republican’s try to stop this? NOPE. They still believe that they can get some of these hipsters to vote for them. And more importantly, they do not care one way or another. This money isn’t effecting their bank accounts.
Graduate students will benefit the most. They have the largest debt.
This is a 100% pure, unadulterated pay off to the Democratic base of liberal college grads in the 22-40 demographic.
Was thia in the last budget bill?
I stopped worrying about the debt when I realized it wasn’t our country anymore.
Some might call it “theft”.
Agreed. Now who is going to file suit against this first?
Paid off my loans. Do I get a rebate on that?
So was the entire Kenyanesian Usurpation.
And the Indo-Jamaican VP.
Makes my blood boil.
I don’t believe it was. This is something separate and against the law.
I know no one in DC cares much about the Constitution anymore. But according to the Constitution, Congress makes policy and the president carries it out. The president does not make policy. How can Biden just cancel student debt on his own?
I want a rebate. I took out a lot in loans for my education. I scrimped and paid them bavk. Now I want a rebate.
Yeah this is NOT “Forgiveness” this is making people like ME pay in higher taxes(And my taxes are high enough and I hardly make any money) pay for commie douche bags to go to college..and how about people who already paid their student loans in full do they get a refund yeah I didnt think so..hey can people get their mortgage’s paid off too my Mom owes about 200K in mortgage she could use a freebie
This will cost the Dems more votes than they will receive from this action. It makes those who faithfully paid off their student loans into suckers.
They're mostly Caucasian, too.
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