Some never lived to enroll.
| Submit your comments on this article |
| Government Corruption |
| Biden Unilaterally Cancels Another $7.4 Billion in Student Loan Debt in Latest Vote-Buying Gimmick |
| 2024-04-13 |
| [Gateway] Joe Biden on Friday unilaterally canceled another $7.4 billion in student loan debt in his latest vote-buying gimmick ahead of the 2024 election. "Today, President Biden announced that 277,000 more Americans will get their student debt canceled, bringing the total debt relief approved by the Biden-Harris Administration to $153 billion for 4.3 million Americans through various actions," the White House announced on Friday. "The 277,000 Americans receiving this latest round of debt relief are borrowers enrolled in the SAVE Plan, other borrowers enrolled in Income-Driven Repayment plans, and borrowers receiving Public Service Loan Forgiveness. The Biden-Harris Administration fixed Income-Driven Repayment (IDR) and launched the SAVE Plan last year — the most affordable repayment plan ever. Already 8 million borrowers are enrolled in SAVE, 4.5 million of those borrowers have a monthly payment of $0, and over 1 million additional borrowers have a monthly payment of less than $100. And if borrowers took out low balances of loans, the SAVE Plan puts them on a faster path to debt relief after at least ten years of payments," the White House said. Biden has used a series of workarounds to circumvent the Supreme Court’s decision to strike down his student loan bailout program. Last year the Supreme Court ruled 6-3 against Joe Biden’s student loan relief program so the Department of Education rolled out a workaround forbearance program to cancel $39 billion in student loans by counting non-payments as payments for a period of time. Only it isn’t your typical forbearance program. Borrowers won’t have to pay back ’missed’ payments or make up the difference of ’reduced’ payments. No interest will accrue on any of the missed payments. |
| Posted by:Besoeker |
| #14 Joe has a similar plan for our national debt. |
| Posted by: Super Hose 2024-04-13 14:16 |
| #13 Like many jurisdictions that have outlawed asking job applicants about their criminal records, it will quickly become illegal to deny anyone a job just for being a political debt welsher. |
| Posted by: M. Murcek 2024-04-13 13:37 |
| #12 Hey - FEMA bought my Mortgage from my lender. Does this mean I can stop paying it? |
| Posted by: CrazyFool in Texas 2024-04-13 13:24 |
| #11 You can forgive their debt, illegally and unconstitutionally, but they'll never recover all the time they wasted getting their useless degrees. So I suppose there is some justice. |
| Posted by: Abu Uluque 2024-04-13 12:28 |
| #10 Nice SCOTUS ya got there...oopsie, my bad! |
| Posted by: Rex Mundi 2024-04-13 11:51 |
| #9 Leaving them free to pursue...hobbies. Sort of like a GI Bill. For Blamtifa. A loan without interest, penalty, or payment schedule isn't really a loan. Right, Hunter? |
| Posted by: swksvolFF 2024-04-13 10:49 |
| #8 So who is ACTUALLY paying for these student loans, Joe? Daily Mail reveals who is footing Biden's $150 BILLION bid to 'buy votes' by wiping debt |
| Posted by: Skidmark 2024-04-13 10:12 |
| #7 So, have the IRS send Joe Biden the bill, demand prompt payment or put him in jail. |
| Posted by: Silentbrick 2024-04-13 10:04 |
| #6 ^ And tens of thousands of other borrowers stop making their college loan payments. |
| Posted by: Besoeker 2024-04-13 09:55 |
| #5 Buying Votes: Biden Cancels Student Debt For 277,000 Borrowers Ahead Of Presidential Elections |
| Posted by: Skidmark 2024-04-13 09:30 |
| #4 You are missing who this also appeals to, academia. They're being told the money will still continue to flow for all their useless paper mills and to keep inflating the price. |
| Posted by: Procopius2k 2024-04-13 07:07 |
| #3 ^Gotta make sure millenials don't get their feelings hurt and don't bother to vote? |
| Posted by: Grom the Reflective 2024-04-13 04:56 |
| #2 Surprised, he didn't just come right out and say those voting for me and Liberal Democrat in 2024. |
| Posted by: NN2N1 2024-04-13 03:50 |
| #1 Some never lived to enroll. |
| Posted by: Besoeker 2024-04-13 00:27 |