President Joe Biden on Wednesday will announce $1.2 billion of student debt relief for nearly 153,000 borrowers — and he’s sending emails to make sure they know whom to thank for it.
The administration’s latest tranche of loan forgiveness covers borrowers who are enrolled in Biden’s new loan repayment program, initially borrowed $12,000 or less and have been repaying their debt for at least 10 years.
The administration says that it has now approved loan discharges totaling nearly $138 billion for nearly 3.9 million borrowers through dozens of administrative actions since coming into office.
The latest tranche of loan forgiveness is part of Biden’s new loan repayment program — known as the SAVE plan — that the administration finalized last year. It offers lower monthly payments based on borrowers’ income and an easier path to getting their debts ultimately canceled after years of payments.
Republicans have slammed Biden’s SAVE program as unfair and fiscally irresponsible, blasting the hundreds of billions of dollars the program is expected to cost.
@OrangeJoeRepublican3mos3MO
I hate when people cry about this I am a conservative and student loans are a scam .. you shouldn’t be financially cripled for bettering your self .. money much better spent that giving it to Ukraine and Israel
@SoreImpalaConstitution3mos3MO
You may think you’re a conservative, but you’re not.
@OrangeJoeRepublican3mos3MO
I actually am far right .. I’m just not a puppet who attacks everything a dem does .. Republicans voted to fund Ukraine which I am against. I’m america first. Helping Americans should be the goal
@SoreImpalaConstitution3mos3MO
I’m nobody’s puppet and I think personal responsibility is a conservative value. You make choices and you live with those choices. It’s nobody else’s fault but your own that you took out student loans and regret them.
@Patriot-#1776Constitution3mos3MO
Apparently then, you're a far-right authoritarian like Benito Mussolini, not a right libertarian like Ron Paul.
@Patriot-#1776Constitution3mos3MO
The true scam is government. It can't give you a d*mn thing it didn't first plunder from some other innocent person, or, in many cases, yourself. It relies for existence on theft and coercion. The reason politics is such a farce is that everyone, including sadly yourself, wants to use this criminal cartel we call the Welfare State to plunder everyone else's money for personal benefit. It's a moral abomination – this is a moral issue. And as a conservative, you should believe that Thou Shalt Not Steal – not that Thou Shalt Not Steal But By Majority Vote!
"Biden will email 153,000 student loan borrowers: I’m canceling your debt"
By opening this email you consent to mail in ballots for Biden in the names of you and all your loved ones being submitted in November.
@MandateAriaConstitution3mos3MO
t would be interesting to see the data on those being forgiven of their debt with our taxpayers $$ regarding any indication of their political preferences? Do we really believe that any MAGA are getting their debt forgiven??
@GutturalYakRepublican3mos3MO
Any republicans been paid off yet? Just curious. I’m in a red state and not met ONE person that theirs have been paid off.
@ExcitedGr4ssrootGreen3mos3MO
That's because most Republicans drop out around the 6th grade.
@lemans3427Republican3mos3MO
This has more to do with Biden panicking over young voters + Israel.
He is in real trouble with them.
@Patriot-#1776Constitution3mos3MO
And they're so indoctrinated by the Hamas BS that this will probably not change much...
@SolemnRaccoonLibertarian3mos3MO
He's not canceling anything...he's making everyone who pays taxes pay for it.
@HumorousRavenGreen3mos3MO
thanks for paying for my loans
@SolemnRaccoonLibertarian3mos3MO
More people are getting their school loans paid off by other people who didn't incur the debt. Those debtors went to college, right? Guess they didn't learn that probably they'll be paying higher taxes to pay off other people's school loans debt too, right?
@PloverKayleeRepublican3mos3MO
Or, more accurately, student loan debt relief is coming from tax money that you’re going to pay anyway. Biden isn’t raising taxes to pay for it.
@Patriot-#1776Constitution3mos3MO
No, it's all going to come from extra inflation – which is a secret, conspiratorial tax most people don't even know exists.
@Patriot-#1776Constitution3mos3MO
You're not welcome – get out of my pocketbook. Stop stealing my money that I worked hard to make. I don't wake up every morning and drive to work because I want to pay for some kid's indoctrination, I drive to work because I've got a family to feed and a job to do.
@ISIDEWITH3mos3MO
@ISIDEWITH3mos3MO
@9K55SGS 3mos3MO
My opinion is that he should have not done it. He essentially just placed many college students in tons of debt.
@Patriot-#1776Constitution3mos3MO
True headline should be – "Biden plunders the money of hard-working Americans saddled with credit card debt to bribe himself 153,000 new voters by paying for their indoctrination into far-Left ideology." Doesn't have as much of a ring to it – but it's the truth, and it's what Americans deserve.
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