Finance expert reveals what Biden 'is not saying' about new student loan repayments

Fox Business ^ | 7/19/23 | Kristen Altus

[Libloather]

That's a shame.

[Liz]

Bidung screw-up ping

[Libloather]

Biden Announces $116 Billion In Student Loan Forgiveness, With More Coming

https://www.forbes.com/sites/adamminsky/2023/07/19/biden-announces-116-billion-in-student-loan-forgiveness-so-far-with-more-coming/?sh=559ee78c7f75

[joma89]

Bait and switches work on low information voters.

That is why these democrats are called useful idiots.

[Liz]

The Biden Vote Buyers say student loan borrowers
<><>could see their monthly payments go to zero dollars,
<><>be cut in half,
<><> or those who do make payments may save up to $1,000 per year.

But a financial expert says “If you have $12,000 of student loan debt, that’s the bar getting into this, and you’re going to have to pay for 10 years in order to see that forgiveness. And then for every additional thousand, you pay another year,” he explained.

“So the average person has about $30,000 of student loan debt,” she continued. “That’s 30 years they’re going to have to pay before they see this forgiveness at the end of the rainbow”…........ it’s classic Biden......a felonious bait and switch.

[Ex-Con777]

It’s all right there in the eighth article of the Constitution.

....All spending and debt forgiveness shall originate in the Department of Education.

EC

[upchuck]

It’s just another way for FJB buying votes.

The Fed Gov needs to get out and stay out of the education business.

[EEGator]

Wouldn’t that be 28 years, not 30?…

[Ronald77]

student loans should only go to those that are studying for critical degrees for the U.S. no loans for any other degree program.

[SaveFerris]

🔝🔝🔝

[cymbeline]

“the average person has about $30,000 of student loan debt,” she continued. “That’s 30 years they’re going to have to pay before they see this forgiveness”

I don’t understand this. Sounds like they keep paying.

[Fireone]

” Sounds like they keep paying”
As it should be, they borrowed it, they should pay it back.

[logi_cal869]

[Diana in Wisconsin]

Dave Ramsey is the man! I watch his short videos daily, and they have been all OVER this since Day One of the initial (now overturned, thank you SCOTUS!) student load cancelling boondoggle.

I have no pity for the fools that think Mother Government is EVER going to do ANYTHING ‘in our interest.’

[GOPJ]

Biden once again rewarding American deadbeats .... it's how democrats grew the 'homeless' thugs and addicts that prey on our citizens. Democrats 'incentivize dysfunction' and 'slap the faces for responsible citizens'...

It's sick.

And it's why DC has so many "Hunter type drug addicted whore mongers" ready to sell out their country and do evil.

[Liz]

Seems to me Hunter is in a class by himself.........a totally self-serving degenerate.

Never saw anything like him.

[Liz]

Uncle Joe is your best friend, students.

[GOPJ]

I think his dad is worse - in a more substantive way. What kind of father destroys his kids and family members for his own pleasure and financial gain?

[Liz]

Good point.

[GOPJ]

Thanks Liz.

It’s like a criminal ‘father’ teaching his son to be a thief. The ‘father’ is worse.