President Biden canceling student debt at the cost of $7 billion for 160,000 students

President Joe Biden announced the cancellation of over $7 billion in student debt for 160,000 individuals. This move was confirmed in a White House statement, specifying that each borrower will have approximately $35,000 forgiven.include teachers, nurses, and law enforcement officers enrolled in Biden’s Saving on a Valuable Education Plan.

The SAVE Plan, an income-driven repayment program, aims to lower monthly payments for borrowers. Biden emphasized his commitment to making higher education accessible and continuing the fight for student debt cancellation.People that can’t afford their student loan repayments essentially leveraged a bad investment.May 22, 2024

However, conservatives are not a fan of the student debt cancellations. They feel that they are paying for the miscalculations of other Americans when it comes to taking a loan. But, there are debates regarding theAdditionally, an X user states that he paid off his student debt for 20 years. He finally paid it off two years ago. There are individuals who are in a similar situation, demanding to know why they were not assisted when needed.

Source: Education Headlines (educationheadlines.net)

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Korean Parliament approves new inquiry into deadly 2022 crowd crushThe 2022 Halloween crowd crush in Seoul's Itaewon district killed nearly 160 people.
Source: straits_times - 🏆 5. / 69 Read more »

Who will be Iran’s next president following President Raisi’s death?The president of Iran is elected in a closely vetted election process every four years.
Source: The Straits Times - 🏆 8. / 63 Read more »

US Senate passes TikTok divestment-or-ban bill, Biden set to make it lawThe measure now heads to President Joe Biden’s desk.
Source: The Straits Times - 🏆 8. / 63 Read more »

Philippine defence chief says Taiwan Strait situation an ‘internal matter’President Ferdinand Marcos Jr earlier drew Beijing’s ire when he congratulated Taiwan’s new president.
Source: straits_times - 🏆 5. / 69 Read more »

Is RM5,000 salary high for Malaysian prata chef in Singapore?A recent job advertisement promising a monthly salary of RM5,000 (S$1,420) for a Malaysian prata chef in Singapore has sparked a debate on the wages of prata cooks.
Source: stompsingapore - 🏆 11. / 53 Read more »

US presidential candidate RFK Jr had a brain worm, has recovered, campaign says"I offer to eat five more brain worms and still beat President Trump and President Biden in a debate," independent US presidential candidate Robert F Kennedy Jr said.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »