In August 2022 President Joe Biden announced that his administration will forgive up to $20,000 of student loan debt. The plan will cancel $10,000 in federal student loan debt for borrowers making under $125,000 a year or couples making less than $250,000 a year. Borrowers who receive federal Pell Grants and make less than $125,000 a year would be eligible for total forgiveness of $20,000. The Wharton School of Business estimated that the plan will cost $300 billion over 10 years.
@7PTCG382yrs2Y
Yes, but extend the program to cancel $45,000 in federal student loan debt for all borrowers who graduated from public colleges, universities or trade schools and are making less than $125,000 per year
@7PTCG382yrs2Y
Yes, but extend the program to cancel up to $50,000 in federal student loan debt for all borrowers who graduated from public colleges, universities or trade schools and are making less than $125,000 per year
@7PTCG383yrs3Y
Yes, but the program should go further and forgive up to $40,000 of student loan debt regardless of whether or not the student is a Pell Grant recipient
@7PTCG383yrs3Y
Yes, but the program should be increased to forgive all student loan debt up to $40,000 for borrowers earning less than $125,000 per year
@7PTCG383yrs3Y
Yes, but the program should be expanded to forgive all student loan debt up to $40,000 for borrowers earning less than $125,000 per year
@7PTCG382yrs2Y
Yes, but we should cancel all student loan debt and make public four-year colleges, universities and trade schools free
@anthony102419953yrs3Y
Yes, although more should be done to instead lower the costs of college tuition and/or get colleges and employers to contribute to paying down student loan debt.
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