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Biden administration cancels $5B in student loans for 74,000 borrowers
UPI via Breitbart ^ | 1/19/2024 | UPI

Posted on 01/19/2024 5:47:41 AM PST by Tell It Right

President Joe Biden announced on Friday that his administration was canceling nearly $5 billion in student loans impacting nearly 74,000 borrowers.

Most of the forgiveness goes to 44,000 borrowers who have spent more than 10 years in public service working as teachers, nurses, firefighters and other positions, while the remaining 30,000 are borrowers who have been in repayment for at least 20 years without receiving relief, the White House said.

(Excerpt) Read more at breitbart.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: college; forgiveness; loans
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By my math ($5 billion divided by 74K) that averages over $67,000 per person.

Biden don't care about no supreme court ruling. That's for little people. He thinks he's a dictator.

1 posted on 01/19/2024 5:47:41 AM PST by Tell It Right
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To: Tell It Right

Here’s a thought: Forgive the interest, but still require payment of the principal.


2 posted on 01/19/2024 5:50:55 AM PST by Yo-Yo (Is the /Sarc tag really necessary? Pray for President Biden: Psalm 109:8)
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To: Tell It Right

FYI - for all the stores asking me to ‘round up’ - STOP.

For all the people asking for a handout - SHUT UP.

The only things you will get from me is what is taken by our traitorous govt.


3 posted on 01/19/2024 5:51:19 AM PST by Cowgirl of Justice
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To: Cowgirl of Justice

I wonder how many of them had degrees in Gender Studies.


4 posted on 01/19/2024 5:51:54 AM PST by rovenstinez
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To: Tell It Right

Ain’t Communism wonderful.


5 posted on 01/19/2024 5:52:02 AM PST by bray (You can tell who the Commies fear.)
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To: Tell It Right

Where does he get the authority to do this unilaterally?......................


6 posted on 01/19/2024 5:52:28 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: bray

Great Leap Forward. Where’s my Little Red Book?


7 posted on 01/19/2024 5:58:02 AM PST by sauropod (The obedient always think of themselves as virtuous rather than cowardly.)
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To: Red Badger

“..Where does he get the authority to do this unilaterally?.......”

He’s King peodPIG, the First.
He rules by edict and decree.
The King has spoken so it is so...
Do NOT question your King....ever. /s


8 posted on 01/19/2024 5:58:43 AM PST by lgjhn23 ("On the 8th day, Satan created the progressive liberal to destroy all the good that God created..." )
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To: Tell It Right

Remember in the olden days when buying votes was a felony?

I also remember a time when the President couldn’t do something he didn’t have the power to do. Thank you RINOpublicans for once again hiding in your safe spaces while this dictator does whatever the hell he wants.


9 posted on 01/19/2024 5:58:55 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: Red Badger

Nowhere, but since we no longer have a Republican party he does whatever the hell he wants


10 posted on 01/19/2024 5:59:34 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: Tell It Right

The President is not a King. HOW does he make $5 billions available to students without Congress’ approval? When will these illegal unilateral executive actions or attempted actions be challenged in court?


11 posted on 01/19/2024 6:00:24 AM PST by JesusIsLord ( )
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To: Tell It Right

Buying votes with your money.


12 posted on 01/19/2024 6:01:22 AM PST by blueunicorn6 ("A crack shot and a good dancer” )
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To: JesusIsLord

Never until we get a political party in Congress. The Republican party is dead, made up of traitors, punks, do nothing scam artists who sold out to enemies of this country.


13 posted on 01/19/2024 6:03:19 AM PST by GrandJediMasterYoda (As long as Hillary Clinton remains free, the USA will never have equal justice under the law)
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To: rovenstinez

There was an AA guy in his 40’s I spoke with who was working on his FIFTH degree. As long as he was in school, ALL expenses were paid. Food, transportation, healthcare, housing, school and a stipend.

so much for White privilege...


14 posted on 01/19/2024 6:05:16 AM PST by Cowgirl of Justice
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To: Yo-Yo

This is exactly the solution


15 posted on 01/19/2024 6:05:47 AM PST by daku
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To: Tell It Right

And the quisling Republicans do NOTHING, They should be putting forth legislation to ZERO out the Budget for the Dept of Education, it is the demonrats sacred cow and it should be ABOLISHED


16 posted on 01/19/2024 6:06:50 AM PST by eyeamok
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To: JesusIsLord

Because there is no one to stop him. The entire GOP congress are a bunch of gutless cowards. Every damn one of them, and don’t say that not all of them are cowards because they are all cowards. If there were any with any character or conscience, they would say or do something.


17 posted on 01/19/2024 6:07:44 AM PST by abbastanza
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Want to obs3rve what a fascist regime behaves like? Blatant disregard for the law establish by congress, signed into law by predecessor presidents, and then SCOTUS as well as the will of the people?

Here is your fascist in the White House.


18 posted on 01/19/2024 6:08:32 AM PST by USCG SimTech
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To: Tell It Right

Way cheaper than what the banks are going to get.
Ukraine got 30 times this amount.
Don’t worry, we can just have a great reset.


19 posted on 01/19/2024 6:09:04 AM PST by EEGator
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To: EEGator

IMHO, one thing I hope this brings attention to is something that’s been going on before Biden: student debt cancellation for working in government. Not only do they typically get higher pay, hard to be fired, and pension, but they also often get to wipe away their old college debt.


20 posted on 01/19/2024 6:16:12 AM PST by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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