Biden makes major student loan forgiveness announcement. See Warren's reaction

President Joe Biden on Wednesday announced new steps to address student loan debt, which includes forgiving up to $20,000 for some borrowers and extending the payment freeze one final time until the end of the year. #CNN #News

[felixmichaelkanuszewski-gr]

What's unfair is we have bailed out so many institutions without a second thought.

[len]

As someone who paid off their debt entirely…I am NOT mad at this!! People are complaining about Biden Administration helping out the Ukraine…but when he’s helping us Americans canceling $10-20k the entire world goes nuts?! Wow!! Just shows that people will NEVER be pleased no matter what you do! Thank you for helping those struggling families out there cancel their student loans. It is NOT perfect but there are people out there really struggling and we should be better than this!

[JamesEzell]

McConnell is a slap in the face to working class families. He would rather the hand outs to his wealthy donors.

[TheSecularMinority]

I had $31k in student loans when COVID started, got tired of waiting for the government to make a decision to pay it off or not and paid off my loans in November 2021. I'm now saving for a down payment on a house. Am I bummed about them forgiving $10k? Sure. But I'm really happy that so many others are getting relief! I have friends who for them, this completely wiped out their debt and i couldn't be happier! It's not about me, it's about us as a nation and wishing the best for one another. Anyone who is complaining about having already paid theirs off I'm willing to bet would have quickly signed on if it was presented to them. I'll never understand why some people just want others to suffer so much just because they had to. Here's hoping this is a first step in more forgiveness as well as reform so that people don't have to go into debt just to get an education.

[tsai]

Cap the amount the government will guarantee for student loans, so there is no more blank check backstop for higher education institutions to just jacking up administrative fees and tuitions for college education.

[kcuzz]

Federal loans should be interest free if they really want to help low-income students.

[dewaynewalker]

Worked nights, weekends, every college break, all summer, lived in virtual poverty but have no college debt because as a responsible person you make a debt, you pay the debt. If you run the figures this will cost in tax money $1000 for every man, women or child in the country. Every non-college, tech school, responsible college grad who paid their debt should be bitter about this discriminatory socialistic inflationary vote chasing scheme.

[Hopeinthee]

I have an idea. Let's just forgive ALL debts. We could start with mortgages, auto's, and credit cards. I'm in!

[bk]

WHY SHOULD THE POOR PAY THE PRIVILEGED STUDENTS

[Momoeki]

Takeaway: people would’ve been unsatisfied no matter what decision the president made on this matter

[confused_beekeeper]

It’s not canceling student debt. It’s transferring it onto tax payers

[JB-kxbx]

My younger brother has around 15k in student loans but failed out of college and has been busting his ass for the last 8 years trying to make ends meet. This will help him out significantly to pay bills.

[raulrolon]

I’d love to see where they got the information for their claim of $16, 000 being the cost for a 4 year tuition in 2021.

[LlyleHunter]

Let’s examine when life was best for the working class. Before Ronald Reagan slashed TAP Grants and federal funding to state and local colleges that working class students could afford to attend.

[Kitchguy]

How amazing would America be if all education and Healthcare were free. Two rights provided to every citizen. Not only would everyone have equal opportunity but the intellect of the country would grow leaps and bounds . There would be less pressure on Healthcare and because of free education more scientists, Dr's, nurses etc.

[longcastle]

I paid off $60, 000 of school debt and have no bad feelings at all about other students getting their debt lifted or eased. I feel great about it. And I seriously doubt as many other people are complaining as this News' Host seems to want to imply.

[kriswingert]

"the average debt is $30k", this is incorrect. It is well over $50k.

[JasonDrvmz]

Pay your bills and you won’t need the help🤦🏽‍♂️. Stop going into debt for worthless degrees that you don’t benefit from

[sherburck]

She didn’t answer the question about the struggling middle class that still has no relief

[tinadiva]

Biden is a G!!!! This will help!!! Thank you 😊