Posted on 03/21/2024 4:21:12 AM PDT by Oldeconomybuyer
President Joe Biden is doling out another $6 billion in student debt forgiveness.
His administration announced Thursday another 77,700 borrowers will have their remaining student debt balances forgiven under the Public Service Loan Forgiveness program.
Borrowers who have been making loan payments and working in public service for at least 10 years will begin receiving emails next week congratulating them on having their debt forgiven and thanking them for their service.
They aren’t the only borrowers who will be hearing from the president soon though.
Starting next week, 380,000 public service workers who are two years or fewer away from earning forgiveness will receive an email from President Biden thanking them for their contributions and encouraging them to keep going.
“Public service workers — from teachers to nurses, firefighters, and more — are the lifeblood of democracy and our communities,” the emails read. “If you continue your career in public service, you’re on track to get your eligible student loans forgiven in less than two years through Public Service Loan Forgiveness.”
(Excerpt) Read more at cnbc.com ...
The government does not pay off its debts. Why should students?
more reparations under the guise.................
Strange. This is an already existing program that has been around for a long time ( > 10 years). Biden did nothing and this story makes it sound like he did something. Story may actually be a good news, sounds like he might not be trying to get around the law and just taking credit for something he had nothing to do with.
The feds are not "cancelling" the debt, they are paying the banks.
If I’m reading this right, by “public service workers, to me, that implies government employees such as city staff, teachers, etc. i’m willing to bet the majority of them we’re going to likely vote for him. Anyway, this was just to try to ensure that, as his election chances seems to be slipping more and more with other people each day.
If this isn't outright theft I don't know what is.
When robbing Peter to pay Paul, one can always count on the support of Paul.
What's the status of the pending SCOTUS case that would replace the "force of law" of Executive Branch regulations, with Legislative Branch laws?
Buying votes with our money. Now that hurts.
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Maybe but my guess is that most are voting democrat already.
Demons on the prowl.
Exactly. He and his administration are developing a new definition of evil. I have had to pay ALL of mybstudent loans and any other loans I’ve taken out. Words escape me.
I feel like Michael Obama, I am not at all proud of my country under Biden.
I have come to the same conclusion.
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