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With Biden Loan Bailout, Federal College
Aid Could Top $270 Billion A Year

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Posted By: RockyTCB, 9/6/2022 5:53:55 AM

In case you haven’t heard, the price tag for President Joe Biden’s student loan bailout is likely to total $1 trillion over the next decade. This is on top of the massive amounts of money taxpayers already fork over each year to subsidize college education. It’s time to ask whether any of this is worth it. The $1 trillion figure comes from a study by the Wharton School of the student loan forgiveness plan Biden plans to implement. As part of the plan, he’d cancel $10,000 in student debt for millions of students, which will cost upward of $519 billion.

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Reply 1 - Posted by: F15 Gork 9/6/2022 6:10:23 AM (No. 1269631)
If there is anything left to do to destroy our nation that Brandon has not already done, I can’t imagine what it might be.
5 people like this.

Reply 2 - Posted by: john56 9/6/2022 8:58:44 AM (No. 1269735)
My dear sweet wife reminds me to borrow as much as we can for the kiddo's college education (he's studying nursing), although we could pay it in cash. She's convinced that Sleepy Creepy Crooked President Uncle Joe is going to cancel all of it -- or most of it -- for votes (none coming from this house, by the way) and we may as well take advantage of it. As of today, there is no "application" available to claim your prize. I still believe that I have a better chance of winning the lottery or the Publishers Clearing House sweepstakes that seeing a dime of money from Uncle Joe. I do understand there is an income test, but I'm waiting to find out what the other caveats are that will find that we are ineligible for the money. After all, every giveaway the government proposes always has that line at the end. "(You and I) aren't getting a dime of this money."
2 people like this.

Reply 3 - Posted by: MDConservative 9/6/2022 10:18:15 AM (No. 1269809)
What's another TRILLION of inflated money? We're already floating the interest on $32 TRILLLION. No one grasps the enormity of a TRILLION, nor does it matter when more can be produced with a government printing press. Oh, look, a $4.1 billion moon rocket!
1 person likes this.

Reply 4 - Posted by: Hybernicus 9/6/2022 11:55:44 AM (No. 1269909)
Up next: Forgive mortgage loans, because housing is a right!
0 people like this.

Reply 5 - Posted by: columba 9/6/2022 12:18:04 PM (No. 1269934)
I saved the PAID receipts that I got when paying off my loan. They will be valuable when seeking a job.
0 people like this.

Reply 6 - Posted by: Kafka2 9/6/2022 1:25:06 PM (No. 1270018)
Emperor Biden’s latest decree will push the national debit to the point that our great, great grandchildren will not be able to pay it off. This is unconstitutional because Congress has not approved it. Biden is operating like a totalitarian ruler, not a democratic leader. The kakistocracy that Biden and the Democrats have created in Washington are destroying this country.
0 people like this.

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In case you haven’t heard, the price tag for President Joe Biden’s student loan bailout is likely to total $1 trillion over the next decade. This is on top of the massive amounts of money taxpayers already fork over each year to subsidize college education. It’s time to ask whether any of this is worth it. The $1 trillion figure comes from a study by the Wharton School of the student loan forgiveness plan Biden plans to implement. As part of the plan, he’d cancel $10,000 in student debt for millions of students, which will cost upward of $519 billion.
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