Joe Biden's Student Loan Forgiveness Plan Receives Huge Boost

[Scott]

President Joe Biden's plan to wipe off or reduce student loan debt is backed by the majority of Americans, according to a poll conducted exclusively for Newsweek.

 

Biden's debt forgiveness plan delivers on a campaign promise that would cancel $10,000 in federal student loan debt for those making less than $125,000 or households with less than $250,000 in income per year. Pell Grant recipients would get an additional $10,000 in debt forgiven.

 

https://www.newsweek.com/joe-biden-student-loan-plan-huge-boost-poll-1787145

 

[IAMHERE]

The congress has to increase the Debt Limit for all of us to pay off the student loans for those that never had intentions of paying their loans in the first place.

[Chomper Higgot]

53 minutes ago, IAMHERE said:

The congress has to increase the Debt Limit for all of us to pay off the student loans for those that never had intentions of paying their loans in the first place.

62 % of Americans support the plan.

 

Money not spent on loan repayments will be spent elsewhere, driving growth at the bottom of the economy and increasing tax revenues.

[charmonman]

1 hour ago, IAMHERE said:

The congress has to increase the Debt Limit for all of us to pay off the student loans for those that never had intentions of paying their loans in the first place.

Congress also has to increase the debt limit to pay for the trillions that were added to the debt during the Trump presidency.

[Hanaguma]

2 hours ago, Chomper Higgot said:

62 % of Americans support the plan.

 

Money not spent on loan repayments will be spent elsewhere, driving growth at the bottom of the economy and increasing tax revenues.

Similarly, money not budgeted by the government for this plan will be spent elsewhere. Either in lower taxes or on more worthy programmes.

 

This seems so simplistic.  To the students: you took out a loan. Pay it back.  What is so hard about that?