President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.
Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.
With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.
Maybe they should be asking for help with their shitty situation then? Instead of seeing someone getting helping and saying “Why should I care that shitty situation? They aren’t ME!”
Not really, again, its literally that persons choice to choose that college. Instead of paying off 72,000 people with $5 billion, why don’t you just pay off the majority of kids based on income who can’t afford college?
They’re just giving money away to a marginal amount of people that made the poor decision to goto a expensive college.
Because it was their own choice.
If I blew all my money after I won the lottery, would you give me another million?