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Biden administration will soon roll out a sweeping new student loan forgiveness plan
CNBC ^ | April 5, 2024 | By Annie Nova

Posted on 04/05/2024 9:04:33 AM PDT by Oldeconomybuyer

The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans.

Despite its smaller scope than President Joe Biden’s first education debt relief plan that the Supreme Court ultimately blocked, this new aid package could still forgive the debt for as many as 10 million Americans, according to one rough estimate by higher education expert Mark Kantrowitz.

Biden is planning to provide details of his new debt forgiveness plan during a speech Monday in Madison, Wisconsin, The Wall Street Journal reported on Friday.

The president likely wants to start forgiving debt for many student borrowers ahead of the election in November.

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


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bidenadm; debt; despotism; election2024; forgiveness; illegal; loan; student; studentloans; tyranny
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1 posted on 04/05/2024 9:04:33 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

President Head o’ Lettuce didn’t cancel anything. That debt still exists. It’s merely been transferred onto others, namely those who did not take out student loans.


2 posted on 04/05/2024 9:08:55 AM PDT by Lizavetta
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To: Oldeconomybuyer

Who in their right mind would now invest their life savings in providing capital that funds student loans? Or will they just take it from those that saved and paid for their own education? Housing now too.


3 posted on 04/05/2024 9:09:10 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: Lizavetta

Mortgages next.


4 posted on 04/05/2024 9:09:55 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: Oldeconomybuyer

ya gets what ye pays for


5 posted on 04/05/2024 9:12:14 AM PDT by xoxox
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To: Oldeconomybuyer
The Supreme Court shot that horse but Biden keeps trying to ride it.

And the media insists that he can.

What's worse is that too many Americans believe he can, too.

6 posted on 04/05/2024 9:13:57 AM PDT by Ciaphas Cain (Liberalism is a tyranny that MUST be overthrown.)
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To: Oldeconomybuyer
I read that the government bureaucrats are now planning on leaving Washington and basing their offices on retrofitted cruise ships, spending months at a time out at sea in tropical waters. Special internet connections, SCIFS, Five star hotel service and catering, US Navy escorts, and tax haven.

Richard Branson is making it happen.

Leaving their messes and consequences behind. Total isolation from scrutiny.

7 posted on 04/05/2024 9:16:23 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: blackdog

2 can play this game and I’ll say it again. Allow IRA/401k holders to withdraw $100k from their accounts tax-free. It’s our money-not the workers who will be paying off other peoples loans.

Since it’s the WH that’s behind this the house can do the same. I do believe we have the majority.


8 posted on 04/05/2024 9:20:34 AM PDT by DIRTYSECRET
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To: Oldeconomybuyer

Anything for octogenarians in Biden’s reelection goodie bag?


9 posted on 04/05/2024 9:22:38 AM PDT by TornadoAlley3 ( I'm Proud To Be An Okie From Muskogee)
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To: Oldeconomybuyer
Ok.

Pre-K thru 16. I get it. $792,000 per vote.

10 posted on 04/05/2024 9:24:18 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: Oldeconomybuyer

Nothing is EVER settled until it is settled the way the left wants it settled.

They will NEVER GIVE IT UP. Think of it like battling the Japanese in WWII: it took the essential complete destruction of the whole country to get them to surrender.


11 posted on 04/05/2024 9:25:53 AM PDT by chajin ("There is no other name under heaven given among people by which we must be saved." Acts 4:12)
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To: Oldeconomybuyer

Aw Geez, not this sh$t again.


12 posted on 04/05/2024 9:26:00 AM PDT by Huskrrrr (Alinsky, you magnificent Bastard, I read your book!)
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To: blackdog

Cruise ship meets mark 48 torpedo hopefully.


13 posted on 04/05/2024 9:26:22 AM PDT by Mouton (A 150MT hit will not solve our problems now.)
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To: Oldeconomybuyer

Well apparently Biden, Obama, & Soros are way more in control than the works of the Supreme Court! .... imho


14 posted on 04/05/2024 9:31:51 AM PDT by high info voter (Delivery )
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To: Oldeconomybuyer

Buying the votes of deadbeats who don’t pay off their student loans is a way to their base voters? That’s telling in a creepy kind of way.


15 posted on 04/05/2024 9:32:53 AM PDT by GOPJ (Q: What are two things Biden finds at 'Ice Cream Shoppes'? A: Ice cream cones and 6 year old girls.)
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To: xoxox

Elections DO have consequences!

Maybe, after the next election, we can set this right?


16 posted on 04/05/2024 9:35:03 AM PDT by Taxman ((SAVE AMERICA! VOTE REPUBLICAN IN 2024! SAVE AMERICA!))
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To: Oldeconomybuyer

Votes for sale! Get your sold-vote voucher here!


17 posted on 04/05/2024 9:35:30 AM PDT by 9YearLurker
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To: Oldeconomybuyer

Votes for sale! Get your sold-vote voucher here!


18 posted on 04/05/2024 9:35:30 AM PDT by 9YearLurker
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To: Ciaphas Cain

“Biden keeps trying to ride it.“

He’s doing more than trying. He is already ignoring the SC ruling. Thousands of people have illegally had the loans forgiven since the ruling with more to come. Who will stop him? No one.


19 posted on 04/05/2024 9:38:21 AM PDT by gibsonguy
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To: Oldeconomybuyer

Abortion,free money,Trump hate and mail in ballots will overwhelm the Republicans.


20 posted on 04/05/2024 9:54:29 AM PDT by shanover (...To disarm the people is the best and most effectual way to enslave them.-S.Adams)
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