Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

President Biden forgives student debt for another 78,000 borrowers—nearly 400,000 more could receive it within 2 years
CNBC ^ | March 21, 2024 | By Kamaron McNair

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 ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: tyranny
Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 last
To: ProudDeplorable

The government does not pay off its debts. Why should students?


41 posted on 03/21/2024 8:04:12 AM PDT by ActresponsiblyinVA
[ Post Reply | Private Reply | To 18 | View Replies]

To: Oldeconomybuyer

more reparations under the guise.................


42 posted on 03/21/2024 8:35:50 AM PDT by ronnie raygun
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer

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.


43 posted on 03/21/2024 8:38:04 AM PDT by DevonD
[ Post Reply | Private Reply | To 1 | View Replies]

To: Oldeconomybuyer
Please note -- The banks are still getting their end.

The feds are not "cancelling" the debt, they are paying the banks.

44 posted on 03/21/2024 9:24:30 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
[ Post Reply | Private Reply | To 1 | View Replies]

To: ProudDeplorable

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.


45 posted on 03/21/2024 9:54:33 AM PDT by matt04 ( )
[ Post Reply | Private Reply | To 18 | View Replies]

To: Oldeconomybuyer
Biden may be "doling it out" but it is our tax dollars he is using to garner votes from undeserving people who made a contract to borrow for "education" and then pay the money back.

If this isn't outright theft I don't know what is.

46 posted on 03/21/2024 9:57:15 AM PDT by Gritty (The issue is never the issue. The issue is always the Revolution. - Saul Alinsky)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HighSierra5

When robbing Peter to pay Paul, one can always count on the support of Paul.


47 posted on 03/21/2024 10:13:21 AM PDT by yuleeyahoo (“Pay no attention to the man behind the curtain!” - the deep-state)
[ Post Reply | Private Reply | To 10 | View Replies]

To: GrandJediMasterYoda
How is he able to do this when he doesn’t have the power to do it?

What's the status of the pending SCOTUS case that would replace the "force of law" of Executive Branch regulations, with Legislative Branch laws?

48 posted on 03/21/2024 10:52:20 AM PDT by CDB
[ Post Reply | Private Reply | To 3 | View Replies]

To: HighSierra5

Buying votes with our money. Now that hurts.

***************

Maybe but my guess is that most are voting democrat already.
Demons on the prowl.


49 posted on 03/21/2024 12:59:18 PM PDT by deport
[ Post Reply | Private Reply | To 10 | View Replies]

To: V_TWIN

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.


50 posted on 03/22/2024 7:04:14 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Oldeconomybuyer

I feel like Michael Obama, I am not at all proud of my country under Biden.


51 posted on 03/22/2024 7:06:59 AM PDT by 1Old Pro
[ Post Reply | Private Reply | To 1 | View Replies]

To: CodeToad

I have come to the same conclusion.


52 posted on 03/22/2024 7:29:54 AM PDT by MeneMeneTekelUpharsin (Freedom is the freedom to discipline yourself so others don't have to do it for you.)
[ Post Reply | Private Reply | To 15 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-52 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson