You owe another $21.14
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Biden administration cancels another $7.4 billion in student loans
The White House will send emails Friday to 277,000 borrowers informing them their debts — $7.4 billion in total — are being canceled. As Election Day nears, the Biden administration has ramped up efforts to tout the president’s record on wiping clear the education debts of millions of Americans, despite Republican challenges to the efforts.
“This White House has been unapologetic in our efforts to deliver this relief,” Education Secretary Miguel Cardona said on a call with reporters Thursday. “Imagine the potential of this country if everyone can afford and access higher education. That’s why we’re engaged in this difficult work.”
The administration has regularly shared updates as it processes batches of debt relief. This latest round brings the total loan forgiveness approved by the president to $153 billion for nearly 4.3 million people, the administration says.
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With inflation and interest rates where they are right now, will this buy him any votes?
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@Jolly said in You owe another $21.14:
With inflation and interest rates where they are right now, will this buy him any votes?
Despite my direct benefit, no, this will not sway me.
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@Jolly said in You owe another $21.14:
With inflation and interest rates where they are right now, will this buy him any votes?
Despite my direct benefit, no, this will not sway me.
@Aqua-Letifer said in You owe another $21.14:
@Jolly said in You owe another $21.14:
With inflation and interest rates where they are right now, will this buy him any votes?
Despite my direct benefit, no, this will not sway me.
Congratulations!
The Brad
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This one likely gets rescinded. The previous versions had to do with changing the language of the 120 consecutive and on time payments to just 120 payments for those that were on the service repayment plan. He has that administrative ability. This plan he does not and he just directly did what the the SC said not to do.
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@Aqua-Letifer said in You owe another $21.14:
@Jolly said in You owe another $21.14:
With inflation and interest rates where they are right now, will this buy him any votes?
Despite my direct benefit, no, this will not sway me.
Congratulations!
@LuFins-Dad said in You owe another $21.14:
@Aqua-Letifer said in You owe another $21.14:
@Jolly said in You owe another $21.14:
With inflation and interest rates where they are right now, will this buy him any votes?
Despite my direct benefit, no, this will not sway me.
Congratulations!
I mean loans in general. Dunno if this one affects me yet.
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Did you sign up for SAVE last year?
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The most aggravating thing is they use the word ‘cancel’ instead of ‘assume’ or ‘reassign’ the debt.
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The most aggravating thing is they use the word ‘cancel’ instead of ‘assume’ or ‘reassign’ the debt.
@jon-nyc said in You owe another $21.14:
The most aggravating thing is they use the word ‘cancel’ instead of ‘assume’ or ‘reassign’ the debt.
Well, they think they can create money out of thin air, too.
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So will the Fed have to raise interest again to get all those billions back out of the M1 that Biden just pumped back in?
