"P̶r̶e̶s̶i̶d̶e̶n̶t̶ T̶r̶u̶m̶p̶ President Biden will work from early in the morning until late in the evening. He will make many calls and have many meetings."
And Biden has not stolen $2 million by charging the Secret Service for hotel rooms at quintupled prices.
Good news! No-Show Biden isn't just taking old man naps.
Associated Press: Some Americans will get their student loans canceled in February as Biden accelerates his new plan
WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that's taking effect nearly six months ahead of schedule.
Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, President Joe Biden said Friday. It’s part of an effort “to act as quickly as possible to give more borrowers breathing room” and move on from their student debt, the Democratic president said in a statement.
Biden announced the new repayment plan last year alongside a separate plan to cancel up to $20,000 in loans for millions of Americans. The Supreme Court struck down his plan for widespread forgiveness, but the repayment plan has so far escaped that level of legal scrutiny. Republicans in Congress tried unsuccessfully to block the new repayment plan through legislation and a resolution last year.
The accelerated forgiveness drew fire from Republicans, who called it an attempt to win voters ahead of the 2024 presidential election.
The new repayment plan offers far more generous terms than several other income-driven repayment plans that it’s meant to replace. Previous plans offered cancellation after 20 or 25 years of payments, while the new plan offers it in as little as 10. The new plan also lowers monthly payments for millions of borrowers.
2 comments:
"P̶r̶e̶s̶i̶d̶e̶n̶t̶ T̶r̶u̶m̶p̶ President Biden will work from early in the morning until late in the evening. He will make many calls and have many meetings."
And Biden has not stolen $2 million by charging the Secret Service for hotel rooms at quintupled prices.
Good news! No-Show Biden isn't just taking old man naps.
Associated Press:
Some Americans will get their student loans canceled in February as Biden accelerates his new plan
WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers in February as part of a new repayment plan that's taking effect nearly six months ahead of schedule.
Loan forgiveness was originally set to begin in July under the new SAVE repayment plan, but it’s being accelerated to provide faster relief to borrowers, President Joe Biden said Friday. It’s part of an effort “to act as quickly as possible to give more borrowers breathing room” and move on from their student debt, the Democratic president said in a statement.
Biden announced the new repayment plan last year alongside a separate plan to cancel up to $20,000 in loans for millions of Americans. The Supreme Court struck down his plan for widespread forgiveness, but the repayment plan has so far escaped that level of legal scrutiny. Republicans in Congress tried unsuccessfully to block the new repayment plan through legislation and a resolution last year.
The accelerated forgiveness drew fire from Republicans, who called it an attempt to win voters ahead of the 2024 presidential election.
The new repayment plan offers far more generous terms than several other income-driven repayment plans that it’s meant to replace. Previous plans offered cancellation after 20 or 25 years of payments, while the new plan offers it in as little as 10. The new plan also lowers monthly payments for millions of borrowers.
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