Do you support President Biden’s student loan forgiveness program?
In August 2022 President Joe Biden announced that his administration will forgive up to $20,000 of student loan debt. The plan will cancel $10,000 in federal student loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Borrowers who receive federal Pell Grants and make less than $125,000 a year would be eligible for total forgiveness of $20,000. The Wharton School of Business estimated that the plan will cost $300 billion over 10 years.
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@95DBZ894yrs4Y
@9989DXL3yrs3Y
@96PD2SN4yrs4Y
@9585X994yrs4Y
@95X5KMQ4yrs4Y
@Silver9114yrs4Y
Loans are very predatory towards the middle and especially lower class putting a majority of our workers in a state of unaffordable debt. This helps more people live a richer happier life! And as for the counter arguments of
- Who will work the lower wage jobs: The immigrants and teenagers have and will work the jobs that no adult would dream of in our current state
- What about all the people who already paid of their student loans: They're already financially stable, but I do agree that this is a fair argument, so we should also strive for a money back stimulus for those who have already paid off their loans, but even if not this is still an all around WIN for the economy and quality of life!
@985KW6B4yrs4Y
Deleted3yrs3Y
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