President Biden caused an uproar Wednesday by announcing that his administration will forgive billions of dollars in federal student loan debt, potentially wiping the financial slate clean for 20 million Americans — despite Republicans and experts warning the bailout would worsen America’s tenuous economic situation.
In unveiling the plan to write off up to $20,000 in student loan debt incurred by borrowers who have received federal Pell Grants for their education and make below a certain income, along with up to $10,000 in debt for non-Pell Grant recipients, the president insisted that “an entire generation is now saddled with unsustainable debt.”
“The burden is so heavy that even if you graduate, you may not have access to the middle class life that the college degree once provided,” Biden said. “Many people, many people can’t qualify for a mortgage to buy a home because of the debt they continue to carry.”
This will never actually take place – there will be a slew of legal challenges including the 100 republicans who sent a letter to Pelosi referencing when she held a news conference where she shared this could only be done through Congress, and that the President did not have the authority to levy this.
Only one thing they forgot to mention, you have to sign up for it by Oct 31st, and wait for it the website is not available yet. lol But hey you think Biden is your President, so I guess they forgot to tell him as it wasn’t important enough to mention.
I personally can’t wait to see what our future is going to bring. If you are with me you will start researching what really happened to this Country that turned us into a Corporation. After that don’t stop because we have been fed so many lies our whole life and you might as well hunt them down too. Nothing worse to find than all the Human, Child Sex Trafficking that has been going on above and below the ground. Don’t believe it is not happening in every town than guess what you really are asleep., now get to researching.
So the average Joe that didn’t go to college has to pay for some happy a$$holes gender studies degree
Or his degree in basket weaving, whichever he is accepted in.