Biden cancels even MORE student debt: Up to 6.9 million Americans in SAVE plan who received less than $12,000 will have their loans wiped if they have been paying for 10 years

DailyMail ^ | 09:08 EST, 12 January 2024 | EMILY GOODIN, SENIOR U.S. POLITICAL REPORTER

[TexasGunLover]

President Joe Biden announced on Friday that federal student loans will be wiped out for borrowers who received less than $12,000 and have been in repayment for the past decade.

Starting in February federal loan borrowers 'who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately,' Biden said in a statement.

[scrabblehack]

There’s probably very little to forgive in cases like that.

When push comes to shove, they’ll find a borrower made a late payment or something.

It’s probably just a photo op for Biden and the borrowers aren’t really getting anything.

[rdcbn1]

Biden is persecuting Trump and trying to destroy him because Trump paid all his loans off in full and on time under the phony baloney pretext that it cost taxpayers 144 million dollars while at the same time Biden is enabling yuppie student loan dead beats to welsh on their student loans at the cost of 500 Billion dollars to working class American tax payers.

We live in bizzaro world.

[Salman]

The taxpayers absorb it. Not the schools and not the banks.