Posted on 08/24/2022 8:46:56 AM PDT by Tell It Right
President Joe Biden announced on Wednesday that he will forgive $10,000 in federal student debt for most borrowers, fulfilling a campaign pledge and delivering financial relief to tens of millions of Americans.
Biden will also cancel up to $20,000 for recipients of Pell Grants, he said in a tweet on Wednesday.
The relief will be limited to Americans earning under $125,000 per year.
(Excerpt) Read more at cnbc.com ...
Thanks for that info. Like the Corona payments, no taxable income. So many people are on income-based subsidies, like food and housing and heating etc., that the whole apple cart would be upset if there was some sudden infusion...
You mean there's actually good lawyers out there? lol
When can we expect the opposition party to challenge this executive action in Federal Court on constitutional grounds?
Something for the 87,000 new agents to get cracking on.
This is just FILTHY
My husband did the same, but 1981. My dad paid for half.
He didnt cancel sh*t..he’s making people like ME who already pay a crap load of taxes, pay MORE taxes for commie lib douche bags I dont even know to go to commie college to learn that America is evil and racist..and how about people who already paid off their student loans do they get a refund or nah
A lot of crap will show up right after the elections.
Now THAT would be funny. One way to pay the new IRS employees.
That doesn’t work in this case. For it to be a tax it would have to go through Congress. This is an Executive Order.
I think it’s time to retire. Why pay exorbitant taxes into a system so that the money can be used to pay off useless, indoctrinated deadbeats that couldn’t empty oil out of a boot with instructions on the heel?
I’ve busted my butt all my life to get in a position where I can live more comfortably, and now they want to steal more from me for this?
Going Galt.
I will send them $10 to $25 a month if they threaten me. They won’t be able to do a thing.
And you can’t expect the same 25 year old to be paying a mortgage payment ($300K) while working a job that pays $45K and have enough to raise a family.
Bankruptcy is a price discovery mechanism. The same was said for land purchases and homestead rules. Some did abuse it, many did not.
Of course they will- as they collect billions for their tax free endowments
Biden cancels $10,000 in federal student loan debt for most borrowers
—
As colleges and universities hike tuition by $10,000
JoeB, the ultimate law maker - so who needs Congress? or elections, for that matter?
Correct. $10/mo or likely even $1/mo will prevent wage garnishment or IRS refund offset.
The blue haired leaders of diversity with their Lesbian Bolivian Poetry degrees are happy.
The 8 years they spent getting their degree will seem like time well spent.
I’m sure the 26 year old plumber with 3 kids who has worked since he was 14, will be happy paying the debt of the blue haired large women .
Colleges will now raise tuition even more.
“College loans need to be allowed to be discharged in bankruptcy.”
If they did that, declaring bankruptcy become as much a part of graduating as getting your cap and gown. The universities would have offices and advisors for it.
Then you limit who gets loans.
You know, like we used to.
I know of people who were not able to get student loans because of their parents credit history and they proposed course of study.
But Bush Jr changed all that.
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