President Biden announced Thursday that $5.8 billion in student loans would be “canceled” for 78,000 borrowers working in the public sector, bringing his administration’s total student debt write-offs to $143.6 billion.
Biden pledged to find other avenues for tackling debt relief last year after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt, deeming it unconstitutional.
Republicans have often criticized student debt cancellation plans, noting that the loans will be transferred to taxpayers who will ultimately end up footing the bill.
The latest plan comes as Biden seeks re-election in November and as the national debt has already shot past $34.5 trillion.
Cancel loans of those in the public sector ….min of 10 yrs of service….some in the non profit sector.
Im John Q. Public. Im referred to as a public citizen… cancel my mortgage. It would make me very happy.
Tax payers pay, to include those with debt canceled. They just dont “git” it.
This $$$$$$ should go to Social Security & Medicare instead !!!! Biden against the Law Again since the
Supreme Court Ruled against this !!!!!
This is one ass backwards country right now. My home insurance went up 21% in one year. That’s the replacement at the inflation rate of materials. My house market value is half that. People should hang for ruining this country like this.
This is nothing NEW. They have been doing this for YEARS. He is just trying to pass this off as something HE did to try to get more votes. The creepy old senile hair sniffing child groping perv.