WH Announces President Biden’s Federal Student Loan Debt Relief Plan

Date:

Share post:

[ad_1]

The White House announced President Biden’s cancellation of some federal student loan debt.  Domestic policy adviser Susan Rice said Wednesday the student loan forgiveness will give relief to borrowers while streamlining the business of student loans.  

She also noted that it fulfills a Biden campaign pledge and eases the financial burden on millions of Americans. President Biden is forgiving billions in student loan debt.

READ MORE: “Griner Shouldn’t Be Political Pawn” WNBA Players Exec Director Terri Jackson To Biden Admin

The forgiveness offers $10,000 of debt relief for those earning less than $125,000 per year.  

It’s estimated 42 percent of those who go to college will pay back their loans over five years.  The average American household with student debt owes approximately  $59,000.

Massachusetts Democratic Senator Elizabeth Warren is in strong favor of Biden’s decision. While some democrats say it’s not enough, pushing for up to $50,000 in financial relief.  And republicans argue it could be unfair to people who have already paid off their loans and believe the move could fuel inflation. Senate Republican leader Mitch McConnell called it “student loan socialism.”

Continue the conversation on social media.





[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Alguns detalhes conhecidos sobre Governo Anúncia Novas Regas Para Apostas Esportivas …

Alguns detalhes conhecidos sobre Governo Anúncia Novas Regas Para Apostas Esportivas ... ÍndiceFatos sobre Cpimjae - CPI da...

GGpokerOK

Благодаря высокому трафику и разнообразным лимитам ставок, каждый может наслаждаться игрой - как профессионалы, так и обычные любители....

Vulkan Vegas 2024 Reward Ohne Einzahlung Free Bonus</tg

Vulkan Vegas 2024 Reward Ohne Einzahlung Free BonusIhr solltet jedoch diverse Punkte kennen, perish für eure Gewinn-Entnahmen wichtig...

Промокоды Cat Casino: Обзор Бонусных Предложений для Новых Игроков

промокоды cat casino - ✨ Не пропустите! Самые актуальные промокоды Cat Casino для максимальных выигрышей! ✨Это именно то...
Translate »