Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

[desihawk]

I thought the supreme court had kaiboshed this. Anyways, 39B relief to 804,000 student loan borrowers is about 40K per borrower. So who on here's getting ready to partay???

Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.

www.cnbc.com

 

[tarheelbybirth]

Double Pepsi

 

[millah_22]

I thought the supreme court had kaiboshed this. Anyways, 39B relief to 804,000 student loan borrowers is about 40K per borrower. So who on here's getting ready to partay???

Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.

www.cnbc.com

its fixing errors where people were overcharged using the income based repayment plans

 

[EasyHawk]

 

[desihawk]

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so does this $39B get added to the Education $29B or somewhere else?

 

[BioHawk]

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I bet if the deficit were caused by tax cuts for the rich this person would be A-OK with that.