Announcement is latest in series of debt cancellations as president addresses key issue for young voters ahead of November electionThe Biden administration will cancel $7.4bn in student debt for 277,000 borrowers, the White House said on Friday, the latest in a series of debt cancellations.Joe Biden announced plans on Monday to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November....
Student debt, a new Gallup report shows, is making it harder for young people to reach key life milestones. According to a Gallup survey of over 14,000 adults, over 70% of people say student debt has “delayed major life events” including moving out of their parents’ home, getting married, and having a child. Strikingly, there […]
I don’t get it and I’m hoping you can help me figure it out. Why do Republicans oppose President Biden’s efforts to cancel student debt?This Tuesday, seven states, led by Missouri’s Republican Attorney General, sued the Biden administration to stop his most recent attempt to reduce student debt. In a separate lawsuit, ten other Republican-controlled states filed a separate lawsuit to try to block the same Biden effort.The week before, somebody slipped this little gem into Maria Cantwell’s...
The Biden administration will cancel $US7.4 billion ($A11.4 billion) in student debt for 277,000 borrowers, the White House says. President Joe Biden announced plans to ease student debt earlier this month that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in […]
The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness.
Biden's New Student Debt Relief Will Add Up To $750 Billion To The Budget Deficit By The Committee for A Responsible Federal Budget The Biden Administration recently announced a new plan to cancel student debt for up to 30 million borrowers and released a preliminary rule this morning detailing parts of this plan. The proposal, which is being introduced through the rule making process, would replace the Administration’s initial proposal to cancel between $10,000 and $20,000 per...
If you’re confused about President Joe Biden’s various student loan debt-cancellation schemes, who can blame you? And on Tuesday, the Biden administration unveiled its third Read More
Buying Votes: Biden Cancels Student Debt For 277,000 Borrowers Ahead Of Presidential Elections On Friday, President Joe Biden announced that he would cancel the federal student debt of more than 277,000 Americans, equating to about $7.4 billion. This would bring the total of what is considered classical vote buying ahead of the November presidential elections to more than $153 billion, or forgiving the debt of 4.3 million people. The majority of the 277,000 Americans who were...
Here's how you can take advantage of forgiveness through SAVE if you haven't already.
The White House on Friday announced it's canceling an additional $75 billion in debt as part of the Biden administration's most recent attempt at widespread student loan forgiveness ahead of the election. The administration announced the handouts, targeted at an estimated 277,000 borrowers across the country, with the national debt topping $34.5 trillion. U.S. NATIONAL DEBT TRACKER: SEE WHAT AMERICAN TAXPAYERS (YOU) OWE IN REAL TIME Biden touted his Saving on a Valuable Education (SAVE) plan,...
The White House on Friday announced it's canceling an additional $7.4 billion in debt as part of the Biden administration's most recent attempt at widespread student loan forgiveness ahead of the election. The administration announced the handouts, targeted at an estimated 277,000 borrowers across the country, with the national debt topping $34.5 trillion. U.S. NATIONAL DEBT TRACKER: SEE WHAT AMERICAN TAXPAYERS (YOU) OWE IN REAL TIME Biden touted his Saving on a Valuable Education (SAVE) plan,...
The White House announced another round of student loan debt cancelation bringing the total of student loan debt forgiven to $153 billion for some 4.3 million borrowers since Biden took office.