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Biden Admin Tries AGAIN With Student Loan Forgiveness

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President Joe Biden will automatically forgive student debt for almost a million borrowers, shortly after SCOTUS rejected his inititial student loan forgiveness attempt. Cenk Uygur, Farron Cousins and John Iadarola discuss on The Young Turks. https://shoptyt.com/collections/justice-is-coming

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Read more HERE: https://www.cnbc.com/2023/07/14/biden-forgives-39-billion-in-student-debt-for-some-800000-borrowers.html

"The Biden administration announced Friday it would automatically forgive $39 billion in student debt for 804,000 borrowers.

The relief is a result of fixes to the student loan system’s income-driven repayment plans. Under those repayment plans, borrowers get any remaining debt canceled by the government after they have made payments for 20 years or 25 years, depending on when they borrowed, and their loan and plan type."

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230714__TA01StudentDebt
Category
Europe
Tags
230714__TA01StudentDebt, News, Politics
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