Biden Announces Plan For Federal Student Loan Debt Relief

President Biden announced his administration's plan to address student loan debt by canceling up to $10,000 in federal student loan debt for some borrowers and up to $20,000 for Pell Grant recipients.

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[coreybrowndesertoasishs]

Can we do more to make College cheaper rather than give away government money to bloated universities?

[jegca]

the only problem i have is that it helps people making up to 125k.. if you are making up to 125k a year, you can pay down your debt.

[vensonj]

I love the way all the bots assume everyone who hasn’t paid off their loans are lazy and deadbeats…like they couldn’t currently be working to the bone to pay them off and are gonna be blessed with a break for once

[archstanton]

The speaker of the house said that the president doesn't have the authority to do that. Only congress can cancel student loan debt.

[Sam_T]

so should I just take out a $10, 000 student loan today, or is it too late for the government handout?

[Cgh]

Apr 4, 2022 — The U.S. Dept. of Education reports that nearly 2.4 million Americans ages 62 and older carry an average of $40750 in college debt. What about the people who would like to retire before they die and no student debt gets paid off .

[hurryandleave]

I paid off my student loans. Why shouldn't I get reimbursed for a percentage of that as well? Isn't it supposed to be equal justice for all?

Also, this is costing about $300 billion -- money we don't have. Get ready for even more inflation.

[erincaitlin]

Keep up the great work, President Biden!!! It's great to see a President ACTUALLY SERVING HIS CITIZENS AGAIN !! BRAVO !!

[terjoe]

Well done, yet again, President Biden. Actually helping the hard-working (being slaughtered) people of America. Make the bailed out banks pay for it all.

[KrustyKlown]

Nobody making $125K needs debt relief, they need a buying block.

[u.s.family]

THANK YOU PRESIDENT BIDEN Supporting U.S. Advanced Education to be World Class Economic 🌎
(Pres. Biden's Administration Supporting U.S. Families, NOT trump GQP TAX Breaks for the RICH) We Love U.S. Children & Grandchildren, it's ALL about the U.S. Family (the American Dream FREEDOM not trump's GQP Dictator Fascism) GODSPEED

[bobroberts]

President Biden, At a time when our country's famlies are struggling to make ends meet against record high inflation you continue to give away free money causing deepening infation. And what is infinitely worse, you choose to give free money to college graduates, and not the truely needy!

[gdog]

According to Nancy Pelosi. The pres does not have the authority to forgive debt. Only an act of congress can. He can only delay or postpone

[joehoncho]

You know what would help reduce college prices, thereby helping minorities that can’t get loans? NOT paying off the debt with tax money and thereby encouraging colleges to keep overcharging!!!!

[timothygammon]

What about us people that worked and already paid for college??? Am I getting paid back? 🤔 Another example of a___ hole not thinking things through

[loveyourcountrynotyourpart]

How about parents worked hard & smart to pay their kids college tuition, shouldn't they get some of their money back?

[franarmstrong]

How about credit card debt, because I paid my student debt.

[JM-bdml]

There’s no relief to America, you and I are covering the loan amount, approx 500 billion. A college educated liberal arts major is getting to walk on 10/20 grand while the non college educated get to pay that tab. Joe gotta go!

[heyheytaytay]

I paid my student loans and didn't ask the government to pay them off. Do I at least get a tax credit?

[cowboyken]

Great know Americans are going to get higher taxes what a bunch of dead beats pay off your own bills don't be a burden to other Americans be a asset to your country not a liability pay your own bills know every American who can't feed there kids is on your hands you are the reason kids are going to be going hungry