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Biden administration will soon roll out a sweeping new student loan forgiveness plan
CNBC ^ | April 5, 2024 | By Annie Nova

Posted on 04/05/2024 9:04:33 AM PDT by Oldeconomybuyer

The Biden administration will soon roll out a sweeping new student loan forgiveness proposal that could impact millions of Americans.

Despite its smaller scope than President Joe Biden’s first education debt relief plan that the Supreme Court ultimately blocked, this new aid package could still forgive the debt for as many as 10 million Americans, according to one rough estimate by higher education expert Mark Kantrowitz.

Biden is planning to provide details of his new debt forgiveness plan during a speech Monday in Madison, Wisconsin, The Wall Street Journal reported on Friday.

The president likely wants to start forgiving debt for many student borrowers ahead of the election in November.

(Excerpt) Read more at cnbc.com ...


TOPICS: Constitution/Conservatism; Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: bidenadm; debt; despotism; election2024; forgiveness; illegal; loan; student; studentloans; tyranny
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To: TornadoAlley3
Anything for octogenarians in Biden’s reelection goodie bag?

Other than cutting funding to Medicare Advantage plans?

21 posted on 04/05/2024 9:54:43 AM PDT by Bubba_Leroy ( Dementia Joe is Not My President)
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To: blackdog

That’s the point.

Nobody.

Deep State doesn’t like competition.


22 posted on 04/05/2024 9:55:42 AM PDT by mewzilla (Never give up; never surrender!)
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To: Mouton
Agreed, but that's what the naval escorts are for.

Really! This is not a joke. It's being funded right now.

The Swamp hits the high seas.

23 posted on 04/05/2024 9:56:09 AM PDT by blackdog ((Z28.310) Be careful what you say. Your refrigerator may be listening & reporting you.)
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To: Lizavetta
That debt still exists.

No - it goes away.

However, money only exists because of debt.

This means our money supply will decrease by the same amount as the forgiven debt.

It will add fuel to the global recession, causing more job loss and lower quality of living.

24 posted on 04/05/2024 10:03:40 AM PDT by politicket
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To: blackdog

You got a link for that one?


25 posted on 04/05/2024 10:07:13 AM PDT by Tench_Coxe (The woke were surprised by the reaction to the Bud Light fiasco. May there be many more surprises)
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To: blackdog

if you’re black


26 posted on 04/05/2024 10:10:17 AM PDT by Sacajaweau
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To: Oldeconomybuyer

Or you can pay for college yourself like I and many others did.


27 posted on 04/05/2024 10:13:12 AM PDT by WarANDPiece
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To: Oldeconomybuyer

From a recent Wall Street Journal article titled “Why Immigration Is Now the No. 1 Issue for Voters:

“this country wasn’t built on handouts”


28 posted on 04/05/2024 10:15:12 AM PDT by cymbeline
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To: Oldeconomybuyer

This is crap, if anything forgive the interest


29 posted on 04/05/2024 10:17:15 AM PDT by daku
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To: shanover

Biden campaign strategy
<><>Abortion on demand w/ taxpayers picking up the tab,
<><>Biden’s free money tree,
<><>24/7 Trump hatred,
<><>mail in ballots

All of it will overwhelm the Republicans.


It doesnt take much to overwhelm the pubbies.


30 posted on 04/05/2024 10:33:23 AM PDT by Liz (This then is how we should pray: Our Father wIho art in heaven, Hallowed be thy name. )
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To: Oldeconomybuyer

I’m so sick of this.

Lawless.


31 posted on 04/05/2024 10:36:00 AM PDT by sauropod (Ne supra crepidam.)
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To: Oldeconomybuyer

Illegal.

He’s acting like a dictator.


32 posted on 04/05/2024 10:37:06 AM PDT by Fledermaus (Is it me, or all of a sudden have the buried trolls come out on FR like cicadas? It's all noise.)
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To: blackdog
Mortgages next.

Yep, and then all credit card debts.

33 posted on 04/05/2024 10:37:59 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: gibsonguy
He’s doing more than trying. He is already ignoring the SC ruling. Thousands of people have illegally had the loans forgiven since the ruling with more to come. Who will stop him? No one.

Technically, we can impeach him. But the Republicans are right to avoid this issue.

There's no such thing as "free money". We are all paying for it. Inflation is pretty high now.

34 posted on 04/05/2024 10:41:00 AM PDT by MinorityRepublican
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To: Oldeconomybuyer

Just gettin’ out da vote, bitches. So much more to come.


35 posted on 04/05/2024 10:42:36 AM PDT by gathersnomoss (Just Give Me Truth.)
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To: GOPJ

If they forgive my son’s student loans, as well as my parent student loans.
We still will not vote for Bite-me.


36 posted on 04/05/2024 10:58:59 AM PDT by midwest_hiker
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To: gibsonguy
He is already ignoring the SC ruling.

Actually, he's not, as he's not using the HERO's Act for the loan forgiveness.

37 posted on 04/05/2024 11:02:12 AM PDT by Fury
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To: Oldeconomybuyer

I haven’t even gotten to finish my own education, and I have to pay for people who are far better off than I am...


38 posted on 04/05/2024 11:05:52 AM PDT by Tacrolimus1mg (Do no harm, but take no sh!t.)
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To: Fury

No Traitor Joe is using the hero act to the subvert the SC ruling.


39 posted on 04/05/2024 11:14:10 AM PDT by gibsonguy
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To: Oldeconomybuyer

HOW MANY DIVISIONS DOES THE SUPREME COURT HAVE?


40 posted on 04/05/2024 11:41:07 AM PDT by Dr. Ursus
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