Biden announces cancellation of student loan debt, extends freeze | USA TODAY

President Biden announced the cancellation of $10,000 in student loan debt for borrowers who earn less than $125,000 per year.

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Since the start of the pandemic in 2020, borrowers haven't had to pay a cent on their federal student loans. During this time, the pressure has grown for the president to just cancel the debt. It was one of the platforms Biden ran on for president in 2020.

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21 comments

  1. College sports makes trillions of dollars. From free labor. Some colleges more than NFL teams. Where is this money going. To rich people. How bout colleges help students.

  2. He should be giving $10,000 to everyone who paid the loan and for doing the right thing. He rewarding people for not paying bills

    1. Salty because you already paid your student loans. Some people can’t stand watching others benefit 🤣🤣🤣

  3. Where is this money tree that you get all this free money ! We are going to all going to get screwed

  4. Student loans to schools already funded by taxpayers of the states where low income need not pay near the tuition charged others? Democrats have claimed the debt is debilitating because the cost of an education is well over thirty thousand per year. The accumulated debt would therefor be well over one hundred thousand. How significant is ten thousand dollars to providing real relief?
    The reason students take on the debt has been the promise of jobs that will pay beyond the average annual household income.
    What has Biden asked of the schools? Should they not bear some of the burden?
    How many of these loans are for students taking on higher costs with out of state tuitions?

  5. Come on it’s all funny money….just wipe out all debt. All criminal records. All licenses. All insurance.

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