According to a new report, President Biden is now in the final stages of enacting a massively expensive new student loan forgiveness plan using taxpayer money.
As The Daily Caller reports:
President Joe Biden is planning to forgive $10,000 of student loan debt per borrower, according to a Friday report from The Washington Post.
Biden intended to announce the new student debt forgiveness plan at the University of Delaware’s graduation ceremony Saturday but postponed the decision after a school shooting in Uvalde, Texas on Tuesday, unnamed sources familiar with the issue told The Washington Post. The newest debt forgiveness plan would apply to Americans who in the year prior made under $150,000 and to married Americans who made under $300,000 in joint filings.
The debt forgiveness plan is not final and still subject to change, according to The Washington Post.
President Joe Biden extended a moratorium on student debt payments during the COVID-19 pandemic in April through Aug. 31. If the new forgiveness plan is confirmed, it is uncertain whether the moratorium would be lifted or extended, The Washington Post reported.
Studies have shown that the vast amount of student loan debt is held by higher income Americans who tend to be white.
Perfect record 42 years and not even ONE correct decision . Robert Gates was correct!
F J Bidet is CATHOLIC… Get to basics. Have you ever heard of a CATHOLIC “C” anything that is not corrupt? Look south, see a hundred nations, a thousand years, all CATHOLIC “C” and all failed forever. This is 100 % proven failure rate. CATHOLICS have controlled the USA since 1956. R and D mean nothing. It is CATHOLIC “C” traitors v American patriots.
I consider myself lower middle class and didn’t go to college. Why should I pay to forgive some student debt for someone in the upper class (or even upper middle class)?
Trying to buy votes. Pathetic.
If he does this, I want my tax money back. I went to college and did not use Student Loans.
Me being the stupid fool that I am paid back my student loans. The question I have is do I get a refund?
This is total BS ! This guy needs to be thrown out immediately and now!
WHERE is MY COMMENT?
He’s trying to buy votes again, it’s not worth students to accept forgiving the loans to lose the country, FJB BIGGEST STUPID IDIOT EVER, he’s just like Putin he knows he don’t have long to live so he’ll just ruin the whole country, and they’re both communist buddies along with Chii naaa ! Vote for Trump MAGA and KAGF ( KEEP AMERICA GREAT FOREVER ) GET RID OF THE COMMUNIST DEMOCRATS FOREVER !!!!!!!!;
What gives him the authority to do this, it should be put to a vote since it’s our tax money he’s playing with, FJB has made enough from Chii naaa, that it should come out of his pocket, FJB
I doubt that Biden has the authority for blanket student loan forgiveness without an act of the legislature. However, that lack of authority hasn’t stopped either Obama or Biden from unconstitutional executive orders to try to advance their radical leftist agendas.
Where do we apply for reimbursement of student loans already paid in full?
Looks like blatant vote buying bribery to me …
Anything for votes and WE get to pay for it.
This is total BS get rid of this stupid idiot Biden now we can’t handle two more years of this stupid idiot!
Sleepy Joe has already given away to much of our money to the undeserving!
So OBiden is now Bernie Sanders, what a Giant POS! Loans are not to be just forgiven…like a mistake – IT IS SUPPOSED TO BE REPAID!!! I paid all of mine back! This is one thing that is wrong with America today, which adds to and intensifies crime by demoralizing young people. FJB!!!!
Joe Biden has pablum for brains and spends money that the taxpayer will have to pay . His student loan forgiveness is probably do he doesn’t have to pay his and his son’s student loans which are in all probability are outstanding .🤔 America needs an intelligent and responsible leader and leaders not , a senile idiot and a pack of sycophants led by a denture sucking , ice cream eating , vodka seilling alcoholic .
What authority gives Biden the power to forgive LEGAL loans taken out by, and agreed to pay back by the students. What about all those people who PAID off their OWN loans. Do they get their money back?
This is simply another glaring example of a mentally deficient President overstepping his authority.