Biden Administration Cancels Student Loans of More than 150K Borrowers Under New Plan

Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion.

The email is expected to include a congratulatory message from President Joe Biden, whose administration is eager to remind voters what it has done to address student loan debt as the presidential election ramps up.

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[nelsonmuntz]

This is the game every time. When elections roll around, drag out the student loan forgiveness, never mind the country is intentionally being destroyed.

[cbqrdtk]

Major BS, they took out the loan its their responsibility, NOT MINE!!!!

[Zetact_]

"In unrelated news, tuition costs are increasing again."

[sylvan]

Boy do I feel stupid paying my wife's student loans.

[LSAgates]

If I could use my tax payments each year and allocate them to my be debt free.

[aaa]

Why isn't anyone including the media getting on the schools for charging so much ?

[norman]

Don't count on it SCOTUS said no way the last time he tried it .

[solaris]

If the Supreme Court and congress said no to student loan forgiveness…..then exactly how is this being done? Cuz it doesn’t sound legit

[kevinlin]

wait did congress approve this or is this another of biden just saying he did

Then they wonder why our cost of living keeps going through the roof. Nothing is 'free'.

[krl]

it's literally illegal for them to do this, they try it every year, it goes to court, gets kicked out, and the process starts all over again because his voter base has extremely short attention spans.

[justanotherguy]

I want 12k off of my debts, i pay my taxes, whats so special about their debt vs mine?

[TheJonathonJ]

Who to stop them from turning around and getting into more debt? Wheres the money for the responsible people who actually worked hard to pay back their loans?

[PumpkinKingXXIII]

Yep, it’s only fair for those who didn’t go to college and those who did go to college but paid theirs off to pay off those who make more money because they went to college.
Let the rich eat the poor, financially responsible and hard working.

[jboyzboas]

Isn’t this already determined to be illegal or out of his control? He’s still promising things he can’t deliver? 🤔

[om-om-om.]

So now, senior citizens, farmers, truck drivers, etc. must PAY. This installation acts like it's THEIR money...

[suprsnazzy]

It’s almost like the Supreme Court didn’t tell him he couldn’t do that.

[Dr.JHIrons]

Nobody is falling for this campaign stunt… Let’s Go Brandon!

[kimberlygarrett]

So the taxpayers are picking up the tab...money gets paid back by the responsible and the irresponsible gets another freebie.

[MikeYurbasovich]

Giving money to priveleged people using working people's money.