Roommate, we wanted President Biden to crackdown on student loan debt, but it seems we may have to wait further. President Biden disagreed in favor of slashing $ 50,000 student debt per borrower in a recently built town hall on CNN. He made his claim after speaking to a woman in the audience. She said, “We need student loan forgiveness in excess of the potential $ 10,000 proposed by your administration. We need at least $ 50,000. What are you going to do to achieve this? “President Biden was quick to reply,” I won’t make it. ” He went on to talk about education, stating that it depends on whether you attend a private university or a public university or not. Biden argued that the government should not cancel debt to people who went to “Harvard and Yale and Penn”. He also indicated that he believed that Congress should make changes through legislation that would make it more difficult to reverse.
President Biden suggested that the funds would be better suited to providing young children from disadvantaged backgrounds with early education – and making community college free for all students. If you remember Senate Majority Leader Chuck Schumer, Senator Elizabeth Warren and House Representatives Ayanna Pressley, Alma Adams, Mondaire Jones and Ilhan Omar, the press conference announced the move. They called on President Biden to cut up to $ 50,000 in student loan debt for all borrowers and to ensure that borrowers are clear of tax liability after each debt relief. Also, suspend student loan payments and interest for the duration of the pandemic. However, they said the Minister of Education had administrative powers to cancel the debt.
One roommate thought the $ 10,000 was more than enough. They commented, “I’m fine with the 10km that you originally discussed. Beggars cannot be a choice. “
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