Biden cancels student loans for more borrowers

[mystery-ak]

Biden cancels student loans for more borrowers
Sareen Habeshian

The Biden administration is making good on its promise to cancel more student loan debt.

Driving the news: Starting next month, borrowers enrolled in the Saving on a Valuable Education plan who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled, the administration announced Friday.

    The SAVE plan provisions come nearly six months ahead of schedule, per the White House, and are intended to help community college and low-income borrowers.
    The Department of Education did not immediately respond to Axios about how many people will have their debt cancelled through the initiative or what the dollar amount of debt cancelled will be.

The big picture: Although the Supreme Court blocked President Biden's major student loan forgiveness plan last year, his administration found workarounds to cancel some $132 billion in loans for more than 3.6 million student borrowers.

more
https://www.axios.com/2024/01/12/student-loans-cancelled-biden-save-plan

[Fishrrman]

"The big picture: Although the Supreme Court blocked President Biden's major student loan forgiveness plan last year, his administration found workarounds to cancel some $132 billion in loans for more than 3.6 million student borrowers."

Fishrrman's "BIGGER" picture:
When Mr. Trump assumes office, he ought to cancel the cancellations, and send each and every one of these freeloaders A BILL to those who got their debt "cancelled" ...

[Smokin Joe]

"The big picture: Although the Supreme Court blocked President Biden's major student loan forgiveness plan last year, his administration found workarounds to cancel some $132 billion in loans for more than 3.6 million student borrowers."

Fishrrman's "BIGGER" picture:
When Mr. Trump assumes office, he ought to cancel the cancellations, and send each and every one of these freeloaders A BILL to those who got their debt "cancelled" ...

And send Biden a bill for every loan that cannot be collected on.