White House leaning toward canceling $10,000 in student loan debt for borrowers who make less than $125,000

CNN ^ | August 22, 2022 | MJ Lee and Phil Mattingly

[McGruff]

White House officials have been weighing -- and leaning toward -- the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold, CNN has learned.

According to multiple sources familiar with the discussions, the plan is designed to offer the forgiveness to individuals who earn less than $125,000 per year.

In addition to that baseline of student loan debt forgiveness for individuals who fall under a certain income level, administration officials have also recently discussed the possibility of additional forgiveness for specific subsets of the population, according to sources familiar with internal discussions in the administration.

[9YearLurker]

Expensive vote buying that also hastens the country’s planned demise.

[Huskrrrr]

Buying votes before the Midterms.

[libertylover]

More inflation.
So now, the plumber’s daughter has to help pay for the college education of the lawyer’s son. That’s not right.

[Gay State Conservative]

My mortgage identifies as 25 student loans...so this is good news for me.

[MtnClimber]

Woo hoo! I get to pay for Gender Studies degrees for unemployed drug addicts.

[Scrambler Bob]

Can they make that retroactive?

I would be interested.

[SaveFerris]

Where’s my $10,000?

As long as they’re handing it out

How about $10,000 for every American?

[Spok]

Will those who have paid their loans get reimbursed? Or just get screwed for living up to their moral obligation?

[SaveFerris]

(Buying votes before the Midterms)

Yep

[Bullish]

I don’t want to pay for their damn worthless degrees. Half of them take out big loans and never even finish school anyway.

[JonPreston]

As long as it damages Putin I’m ok with it.

[Chgogal]

Idiot in Chief spurring on inflation.

[jz638]

Of course they would. The regime is raiding the treasury knowing someone else will have to clean up the disaster later.

[cyclotic]

My kid busted his tail to pay off his student debt in one year.

Oh, he also majored in a field that paid a salary that allowed him to do so.

[dragnet2]

I’d like my bills paid too. Where do I go to get my debt paid off?

[cockroach_magoo]

Robinette Hood strikes again.

Take from the hosts and give to the leeches.

[Lizavetta]

It’s not cancelling. It’s transferring the payments to the taxpayers.

[MinorityRepublican]

That is unconstitutional unless the person works for the government in some capacity.

[Delta 21]

I’ll take $25000 off my mortgage! Thanks.