President Joe Biden has offered a new plan to give some students two years of college free of charge. But he still hasn’t made a decision — not publicly, at least — on whether to toss out student loan debt for millions of borrowers.
He was mum on the subject during his major speech to Congress Wednesday night. Still, that doesn’t mean student loan debt forgiveness is dead.
“It could happen this year but it’s not going to be tomorrow,” says Mark Kantrowitz, a leading national student loans expert.
A lot of retirement portfolios are invested in the belief that these students would payback the money they borrowed to the lender. But of course, retirement income isn’t fair to someone who is in their 20s and has to wait another 40 years before they can enjoy the rewards of good long term financial planning.
I’m waiting for China Joe to cancel my mortgage.
biden isn’t mentioning the loans because he is hoping everyone will forget. Wall St makes billions off of student loans and Wall St is one of the many entities that controls the democrat party.
Most likely he’ll do nothing and blame Republicans even though Democrats stole a super majority