Maryland Attorney General Brian Frosh is joining a group of other attorneys general calling for the cancellation of federal student loan debt.
They are urging Congress to pass resolutions that call President Joe Biden to cancel $50,000 per borrower.
They say the struggle on recent graduates is significantly more during the COVID-19 pandemic.
The letter also says canceling the debt can substantially increase Black and Latino household wealth and help close the racial wealth gap.
They plan on making college free, which will turn it into just another four years of high school. Which mean dumber kids. Also, they will make it mandatory and thus the Maoist indoctrination will be mandatory too.
Only if we had scholarships based on race in America. That would make an even playing field. I was thinking maybe a movement that could generate 13 billion in six months this would surely fix any and all problems for particular race. I don’t no! Any ideas ?
They going to take $50K off my mortgage, since I paid all of mine back on time? It’s ridiculous. They knew when they signed and accepted the loans, they had to be paid back. My son’s almost paid all of his back. Just making it easier and easier to freeload in society and live off the government.
This should tell people how stupid Frosh actually is. Cancel $50,000 in debt this year means $50,000 in INCOME in 2021 which the student must pay inINCOME TAX on in by April 15, 2022. How many are prepared for that?
Well , wait until me & my family sign up for four years of an expensive college then , so we can Go for FREE !!!!
Otherwise we will Sue for Discrimination !!!!
If we knew the push for forgiving College loans was coming , Hell we poor people would have ALL gone to College !!!!
Froshs is without a doubt another useful IDIOT! for the marxisr revlolution we are currently in. If these miscretes loans are forgiven…. I DEMAND reparations!!! I paid my loan off!!
Lets ALL go to college now for FREE !!!! I’ll go to Harvard & Yale , what the heck !!!!!
We need to tackle 3 major problems at once: My 5 suggestions.
1) Reparations; to the direct male descendants, aged 21 or older, of slaves freed by the Emancipation Proclamation, 40 acres, a mule and a FEMA mobile home in a Blue State of their choice (Blue State defined as two D senators, D governor and both legislative houses controlled by Ds). Must reside on the land and no land sales for 15 years.
2) Student debt; as noted previously, a forgiven debt may be considered taxable income. No more federal subsidized loans. Students have a one month window to seek forgiveness or continue to pay. Forgiveness at rate of $25K/yr, which becomes taxable income, May use program for up to 5 consecutive years. If total debt greater than $125K, may elect 5 annual sums so all debt is gone in 5 yrs. New students may borrow from commercial lenders at 2% over prime rate. No bankruptcy option for student debt.
3) Civil War Death benefit’ Several hundred thousand Union soldiers died securing freedom for slaves. Oldest male in each family unit related to deceased Union war dead will be paid $1 million each year during the student debt forgive program as reparation for the loss of life and subsequent economic loss.
4) No double dipping. Only may benefit from one of these programs even if qualified for more than one. Your choice.
5) /sarc