Official Student Debt Cancellation Watch Thread

[Primetime21]

Address the African American student debt crisis. The student debt burden has a disproportionate impact on African Americans. The typical bachelor’s degree graduate has about $16,000 in debt compared to $23,400 for African Americans students. According to a recent Brookings Institution study, African Americans graduating with a four year degree are 5 times more likely to default on their student loans than white graduates. African American students are three times more likely to default on their student loans than white student borrowers. The inequitable burden of student loan debt contributes to the stark racial wealth gap that exists in society. Biden’s plans to address student loan debt will alleviate student debt burdens by:

• Including in the COVID-19 response an immediate cancellation of a minimum of $10,000 of federal student loan debt.
• Forgiving all undergraduate tuition-related federal student debt from two- and four-year public colleges for debt-holders earning up to $125,000. This will also apply to individuals holding federal student loans for tuition from private HBCUs and MSIs.

Get busy Joseph

 

[AquaCityBoy]

. I'm not even mad. Biden said from day one he wasn't doing $50K, and this issue is not popular at all. No reason to get upset about him saying he's not doing something he already said he wasn't going to do. He's blatantly lying about why he won't do it, but it is what it is.

Rose Twitter will be pissed, but they were against it in the first place.

 

[Software]

He said no to people who went to private schools getting debt forgiveness.
He's also trying to make CC free because you can get half your 4 years done there and transfer up to university and that will save lots of money for students in the long run

I expect 10k cancellation at least and permanent suspension of interest rates on federal loans. Which is fine. However there was no reason to leave student debt clauses out of the current covid relief reconciliation bill.
We may have to wait until the Dems use reconciliation again. If it doesn't happen by then, it probably will not happen so plan for that y'all.

 

[Mr.Plan B]

He is a whole bytch, this nikka lied. Goodluck in 2024, One thing I can't stand is a liar, rather have a racist president than a liar.

 

[Sohh_lifted]

man fukk biden.

 

[No1]

He said no to people who went to private schools getting debt forgiveness.
He's also trying to make CC free because you can get half your 4 years done there and transfer up to university and that will save lots of money for students in the long run

I expect 10k cancellation at least and permanent suspension of interest rates on federal loans. Which is fine. However there was no reason to leave student debt clauses out of the current covid relief reconciliation bill.
We may have to wait until the Dems use reconciliation again. If it doesn't happen by then, it probably will not happen so plan for that y'all.

Man stop capping for him and inferring shyt he never said. He said exactly what he said on the campaign trail when even his richest donors were trying to move him on the issue. He doesn’t support it because he doesn’t want to based on old fashioned ideas. Stop wasting your time.

 

[No1]

he aint even try, just said "nah". joey b is officially a fukkboi with the rest of them

If only Clyburn pushed Warren or Sanders. They should’ve kissed that ring man.

 

[the cac mamba]

He is a whole bytch, this nikka lied

no he didnt what lie did he tell?

 

[the cac mamba]

If only Clyburn pushed Warren or Sanders. They should’ve kissed that ring man.

theres a reason clyburn didnt push warren or sanders a correct reason

 

[No1]

theres a reason clyburn didnt push warren or sanders a correct reason

Shut up.

 

[the cac mamba]

Shut up.

you have to be outta your fukkin mind to think warren would have beaten trump in 2020. ill give you bernie

 

[wire28]

How much debt you got bro? (If you don’t mind saying)

I thought they were changing PSLF to wash 10k for each year of public service. With me for example, if this nikka Biden really wash 10 for us, I’ll have 33k left. But since I been in non-profit since Oct 2017.. I’m eligible to have 4 more years retroactively (40k) washed.

Let’s just say it starts with a 2 and ends with and ow-sund and you could buy a house with it

I should still be locked in the second bullet point you listed tho

 

[the cac mamba]

Let’s just say it starts with a 2 and ends with and ow-sund and you could buy a house with it

2...hundred thousand?

 

[eXodus]

Let’s just say it starts with a 2 and ends with and ow-sund and you could buy a house with it

I should still be locked in the second bullet point you listed tho

Ahhh ok bro! Well shyt, like you said.. you half way there tho. Imagine in 5 more years having that shyt completely wiped!

 

[Mr.Plan B]

This faq ain't even say nothing about the crazy interest rates.