Biden announces MORE Americans could have
their student loans forgiven: Here's who
would qualify as the president moves to
add to the $136.6 billion in debt he has
already wiped
Daily Mail (UK),
by
Sarah Ewall-Wice
Original Article
Posted By: Imright,
2/15/2024 8:44:30 PM
Even more Americans could see their student loans forgiven after the Biden administration announced how those struggling with their payments could have their debts wiped.
The proposal unveiled on Thursday outlines multiple factors the Education Secretary may consider to determine whether borrowers are facing the type of hardship that would get them relief.
The Biden administration has already cancelled $136.6 billion in student loan debt for 3.7 million borrowers, but the Supreme Court struck down President Biden's original $400 billion plan to cancel it last June.
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Reply 1 - Posted by:
downnout 2/15/2024 8:50:51 PM (No. 1658693)
Any chance we taxpayers can deduct the cost of these forgiven loans on our income tax?
24 people like this.
Reply 2 - Posted by:
stevendm 2/15/2024 8:54:35 PM (No. 1658694)
I think he should pay for this illegal "loan forgiveness" out of his own pocket. He has probably scammed enough money to do that.
28 people like this.
Reply 3 - Posted by:
padiva 2/15/2024 9:05:27 PM (No. 1658700)
He should use his own money.
The US Treasury is not his piggy bank.
Perhaps, PDT can explain to the voters that this expenditure is no authorized. PDT can then ask joe to paid it all from his money.
19 people like this.
Reply 4 - Posted by:
DVC 2/15/2024 9:11:41 PM (No. 1658707)
Undo this criminal misuse of taxpayer money. Make them ALL pay what they owe.
26 people like this.
Reply 5 - Posted by:
Maggie2u 2/15/2024 9:23:29 PM (No. 1658714)
I identify my mortgage as a student loan.
18 people like this.
Reply 6 - Posted by:
MissMann 2/15/2024 9:23:35 PM (No. 1658715)
Didn't SCOTUS tell him "no"? So, why isn't he being impeached for this?
29 people like this.
Reply 7 - Posted by:
DougTN 2/15/2024 9:26:41 PM (No. 1658717)
Biden votes the old fashioned way.
6 people like this.
Reply 8 - Posted by:
Bmoc 2/15/2024 9:53:09 PM (No. 1658728)
I was dumb enough to pay my loan off. Just curious if I could ask for a refund?
11 people like this.
Reply 9 - Posted by:
Gordon Mills 2/15/2024 10:25:48 PM (No. 1658739)
He needs to give everyone a new EV to boost the transition.
4 people like this.
Reply 10 - Posted by:
LC Chihuahua 2/15/2024 10:34:41 PM (No. 1658743)
Total US debt is 97 trillion dollars. How much of that debt is bad debt never going to be repaid? Bet that is what these student loans are. Biden and his cronies are trying to hide the problem knowing full well this cannot be hidden. We are likely already witnessing the fallout of this in the form of inflation. How many dollars have been printed with nothing of value behind them? Bad loans for bad investments.
5 people like this.
Reply 11 - Posted by:
john56 2/15/2024 11:31:14 PM (No. 1658763)
Whatever loan forgiveness plan Biden offers will contain that one line that appears in all these government "free money" programs: You and I aren't going to get a dime of that money.
3 people like this.
Reply 12 - Posted by:
danu 2/16/2024 3:13:00 AM (No. 1658792)
he does not have the authority.
7 people like this.
Reply 13 - Posted by:
Trigger2 2/16/2024 3:33:59 AM (No. 1658803)
Barry allowed this to happen under his BarryCare bill. Now Joey is taking care of the downside of the bill. They fixed a problem that wasn't a problem, now it's coming home to roost and us taxpayers are now paying for it. Maybe that's why inflation ticked up another notch recently. All demonrats care about is spending, spending, spending.
3 people like this.
Reply 14 - Posted by:
DiegoDude 2/16/2024 4:12:50 AM (No. 1658816)
Hope my daughter qualifies then. She's a single mom, busting her butt working and raising 3 kids and paying on her student loans.
3 people like this.
Reply 15 - Posted by:
mifla 2/16/2024 4:59:34 AM (No. 1658831)
Biden has his minions looking for legal loopholes to justify his vote buying.
Don't look for any court to stop him.
3 people like this.
Reply 16 - Posted by:
Rather Read 2/16/2024 5:46:16 AM (No. 1658851)
Am I dumb. I worked a full time and a part time job to put my daughter through college. She worked too and together we got her through with no debt. It about killed me but I would do it again in a heart beat.
4 people like this.
Reply 17 - Posted by:
Rumblehog 2/16/2024 5:53:51 AM (No. 1658854)
I thought the Supreme Court already ruled this to be un-Constitutional??
7 people like this.
Reply 18 - Posted by:
Strike3 2/16/2024 7:27:56 AM (No. 1658892)
Debt doesn't get wiped, the suffering just transfers to somebody else. In all likelihood, broccoli-head lost more votes than he gained by this incredibly reckless move.
3 people like this.
Reply 19 - Posted by:
Sully 2/16/2024 7:40:09 AM (No. 1658903)
The debt was not "wiped." It was transferred. Why can we not insist on accurate language?
5 people like this.
Reply 20 - Posted by:
snapper451 2/16/2024 7:59:07 AM (No. 1658909)
Supreme Court? I don’t listen to no stinking Supreme Court says Dementia Joe.
4 people like this.
Reply 21 - Posted by:
Clinger 2/16/2024 8:25:13 AM (No. 1658922)
If the government can take over the student loan industry and arbitrarily insert themselves into a private citizens financial obligation they entered into willingly, forcing an uninvolved third party to foot the bill, please help me find where there is any practical limit on the power of government. Repeat after me Trump is the authoritarian.
2 people like this.
Reply 22 - Posted by:
franq 2/16/2024 8:26:08 AM (No. 1658923)
Mad King Zhoa, off his meds again. Lord, please reign him in.
2 people like this.
Reply 23 - Posted by:
NamVet70 2/16/2024 8:46:02 AM (No. 1658933)
Debt doesn't get wiped out, it gets transferred onto someone else. All the college loan debt that Biden has wiped is now placed on the taxpayers.
5 people like this.
Reply 24 - Posted by:
cor-vet 2/16/2024 8:55:47 AM (No. 1658940)
It's way past time for Johnson to do a Pelosi, and cut off the grifters allowance.
2 people like this.
Reply 25 - Posted by:
ironchefw 2/16/2024 10:22:25 AM (No. 1659008)
Publish a list of the colleges with the most defaulters.
Then make the colleges pay.
0 people like this.
Reply 26 - Posted by:
MickTurn 2/16/2024 10:23:10 AM (No. 1659011)
Hey Joey, I want my $200,000 back, I paid it all from wages over years!
1 person likes this.
Reply 27 - Posted by:
kono 2/16/2024 11:00:45 AM (No. 1659057)
Before this is over, he will be promising "forgiveness of student loans" to people who don't have student loans and never did. (i.e. another thinly veiled form of welfare -- kind of like the "income tax rebate" checks a few years ago that went to everybody, even to people who didn't pay any income tax).
0 people like this.
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