debt cancellation for millions of Americans — and up to $US10,000 more for those with the greatest financial need — along with new measures to lower the burden of repayment for their remaining federal student debt.
The action drew praise from a wide spectrum of Democrats, but appeared unlikely to completely appease any of the factions that have been jostling for influence as Biden weighs how much to cancel and for whom. Current students would only be eligible for relief if their loans were originated before July 1, 2022. Biden is also proposing capping the amount that borrowers must pay monthly on undergraduate loans at 5 per cent of their earnings, down from 10 per cent previously.
As he tried to shore up support among younger voters and prepare for a general election battle against President Donald Trump, Biden unveiled his initial proposal for debt cancellation of $US10,000 per borrower, with no mention of an income cap. "President Biden's decision on student debt cannot become the latest example of a policy that has left Black people — especially Black women — behind," he said. "This is not how you treat Black voters who turned out in record numbers and provided 90% of their vote to once again save democracy in 2020."
Source: Education Headlines (educationheadlines.net)
Good bye America. Bidens stuffed up your country. Which will affect Australia and many other country's. Should of put a business man into power who actually was putting America first
Buying votes It won’t work
Once again the radical left-wing democrats want to punish working-class people by taking their tax money and giving it to the Universities so all those darling Marxist-brainwashed students don't have to pay. Perfect example yet again why socialism doesn't work
How anyone can look a person in the eye who changes bed pans , pack shelves , empty rubbish bins etc and be ok with them paying for their useless Journalism , gender study degrees just blows my mind. Talk about trying to buy votes
As a tax payer in USA, I would not be happy that my money was being used to buy votes.
Cold hearted capitalists Americans with no inter community spirit or lack of compassion or ideological misers will surely hate this.
To be paid for by workers who didn’t go to university!
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