Biden Administration's Student Loan Debt Plan Masterthread

[ss20ts]

People think that the President of the United States has the power for debt forgiveness. He does not!!!

Suppose your child just decided they, at this time, did not want to go to college but you’re paying taxes to forgive somebody else’s obligations. You may not be happy about that!!!

No need for the bold, supersized font. You don't need to yell at people on here. 

Plenty of things are paid for with my tax dollars that I dislike. That's called life. For many student loan holders, the interest far exceeds the amount of the loans.

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Wish this could apply to new loans too lol

I was really hoping there would be permanent loan interest rate changes.

This is what we REALLY need! There are federal loans at almost 9%!! the government should not be making 2, 3 4 times the loans in interest. The interest is what is crippling most borrowers.