|
2024-05-23 Home Front: Politix
|
|
Biden Admin Cancels $7,700,000,000 in Student Federal Loans
|
 [LI] President Joe Biden announced another round of student loan cancellations.
This round totals $7,700,000,000. Writing it out shows how much money just went down the drain.
The administration has already canceled $167,000,000,000 in student loans.
In 2022, the Supreme Court said he overstepped his authority when he announced he would cancel up to $400,000,000,000 in loans.
The administration found ways to worm around the decision through established "federal student loan forgiveness programs."
These programs limit the action to "specific categories of borrowers."
"These discharges are for three categories of borrowers: those receiving Public Service Loan Forgiveness (PSLF); those who signed up for President Biden’s Saving on a Valuable Education (SAVE) Plan and who are eligible for its shortened time-to-forgiveness benefit; and those receiving forgiveness on income-driven repayment (IDR) as a result of fixes made by the Administration," Secretary of Education Miguel Cardona announced.
The government has to pay the bill. Where does the government get that money? You and me. So we’re paying for our children’s and someone else’s college.
HOWEVER! That also applies to those people who had their loans wiped out. So they’re paying back their loans and others as well. 
|
Posted by Besoeker 2024-05-23 05:41||
||
Front Page|| [11148 views ]
Top
|
|
Posted by Grom the reflective 2024-05-23 10:03||
2024-05-23 10:03||
Front Page
Top
|
|
Posted by Ackoopmed 2024-05-23 15:45||
2024-05-23 15:45||
Front Page
Top
|
|
Posted by Bobby 2024-05-23 16:34||
2024-05-23 16:34||
Front Page
Top
|
|
Posted by swksvolFF 2024-05-23 18:31||
2024-05-23 18:31||
Front Page
Top
|
|
09:43 Mullah Richard
09:27 Warthog
09:11 Mercutio
09:07 AlmostAnonymous5839
08:52 Matt
08:24 Matt
08:20 SteveS
07:43 Procopius2k
07:42 BrerRabbit
07:42 Procopius2k
07:39 Procopius2k
07:36 Procopius2k
07:35 Procopius2k
07:34 trailing wife
07:31 Procopius2k
07:30 NN2N1
07:22 NN2N1
07:18 trailing wife
07:14 Richard Aubrey
07:10 NN2N1
07:09 Besoeker
07:03 NN2N1
06:58 NN2N1
06:58 Besoeker
|
