The trajectory of the student loan crisis could be largely determined by the results of Tuesday's election.
There's a strong desire for reform: More than half of Americans say student debt is "a major problem" for the country,Here's what the different views of the candidates may mean for borrowers.As president, Biden says he would forgive tuition-related undergraduate federal student loan debt picked up at public colleges and historically Black colleges and universities for those earning less than $125,000 a year.Trump has said nothing about sweeping student loan forgiveness.
Why didn't he do that with Obama? Oh wait...let's elect the guy who helped create the bubble. Federalized the loans with high cap, which skyrocketed unaffordable tuition, and 7-15% interest rates. Oh and got University kickbacks. Makes Common Core Sense.
Cancelling Student Debt is: Pro-Working class Pro-Economy/ Business Pro-Dem and Pro-GOP Federal student debt is money that we owe to ourselves. We owe it to ourselves to cancel it. Cancel_It Biden must Cancel_It in January.
Funny how Biden wants to wipe away Student Loan Debt, YET... Him/Obama Admin were the ones who created the ridiculous bubble and set the interest rates to 7-15%, allowing kids to get ridiculous amounts of loans, which made it easy for tuition hikes! Problem | Reaction | Solution
Who's paying for the loan then? Can I get my mortgage forgiven?
Ummm. How about the students that spent 100k on a woman’s studies degree pay their own bill
Who is going to pay...wake up America🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
Biden use the money your receiving from China for being there number one stooge
He will not forgive the 10k bc he will take down the 100k a yr price to 5k per yr as well as who paying for all this forgivenes Not joe Biden that’s for sure! CNBC YOU A JOKE! Need to close that station leave only him Cramer
Where are we getting all this money from? Obama promised 'Change' and all he did was create the problems we are experiencing now. Harris will be the President. Here is Biden without assistance.
Tax payers are going to pay that not Biden so why would you be stupid enough to pay for someone else’s decision?
Good. Noone forgave my student loans. I accrued debt, then I paid off that 50K debt. He’s not “forgiving”, he’s passing off the cost. No thanks. I paid MY dues. Don’t need THEIRS
Why not 20? or 50? Promise lies, why not forgive it all?
Isn't that statement tantamount to attempting to buy VOTES?.
That’s the people’s money so paid for by even those who don’t have the privilege of attending college.
So lenders will jack up rates on future loans to make up for the trillions the government is letting the students off the hook for. Typical Democrat ploy. Sounds good at first, but in the end, you always pay.
Get it from the Universities that duped you into spending $60,000 for a crappy Bachelor degree you can’t even find employment for.
To all the parents who saved for college and invested in plans like the 529...... suckers.
Nobody owes it to you to forgive debt you willingly took on. Victim mentality.
What happens to unpaid loans?
So he is buying students...isn’t this corruption Joey?
JoeBiden Chacha India se hi tution li he lagta h. Sab free kar do...
How would he forgive $10,000 in student debt for all borrowers? Is he going to demand lenders eat it? How is that legal?
Trump is right
How? Where does the 10,000 come from?
CORUPT Democrats trying to bribe voters.
🇺🇸 EXCLUSIVE_REPORT U.S. ECONOMY grew at its fastest pace ever in the third quarter as a nation battered by an unprecedented pandemic started to put itself back together, the Commerce Department reported Thursday.
Relentless
Any last ditch attempts to get elected I’ll sure try damn it !!
☕️😏 interesting
this is how america is going to be ruined.
You guys are going all in right? Damn!
Sure, Biden will buy all the votes he can.
Very unfair to forgive student loans. I paid my tuition in full. Would I be reimbursed 10k? Of course not
What about those who paid off all their debt..
So tax payers have to pay for the debt of others? Why? I paid off my student loans myself. What a bunch of dead beat losers.
Who is gonna pay for that ?
Sounds like a bribe to many younger people with degrees without career hope, those suffering from paying these for profit higher education businesses, to those in Healthcare or other service fields requiring a lengthy program, and to those without proper money management.
What about the rest of us that already paid their student loans. Is Biden going to credit those that paid their student loan?
Just like Chävez and Maduro promised same things in Venezuela. Stupid people voted for them. They didn’t comply and now the country is destroyed
In his eyes, parents like us saving every penny we can to pay for our kids’ college tuitions are fools
I would say defund Biden and give everyone a million.
I paid off my student loans years ago. Am I going to get a check for 10,000?
And how do you think he's going to fund such a claim? With his own money? Nope with higher taxes
Seriously, do you really, I mean really want this old, creepy and weakening man, Joe Biden to be our President?
May as well just give everyone $10k to make it fair. Shouldn’t only reward those who took out loans they cannot afford to repay.
Buying votes. Seems about right.
So does everyone that actually paid their student loans back get a check for 10k too?
So you're going to believe that old man,
Definitely an “honest” family
I wouldn’t vote for him if you gave me 10k cash on hand , lol
I honestly wonder who these people think going to pay for this? Everyone is with taxes remember that people. You will get 10k but you will pay more in taxes over the years to come
So we will paid for our schooling now we have to pay for someone else kids schooling fuck joe
So if I paid cash, do I get 10k?
JoeBiden I don’t support this. What about the people who made huge sacrifices to do the adult thing & pay off the debt early? A lot of people decided to go YOLO & do elaborate international vacations instead of paying down debt. I want a $10,000 credit I can use for vacations
And who pays for this Socialism
we who struggled and paid for our own College education do not want other people's education paid for !!!!!!
What about all of us Americans who have already paid back our student loans?
Obama/Biden said this - and my Granddaughter is still waiting for this to happen. And she’s almost finished college 😞
For all....doubt it’ll be for all. Not to mention the responsible. Just remember if you work hard and get hood grades you’ll get the same or less that didn’t.
Good...get rid of every incentive to work hard and prosper...
I already paid my student loans off two decades ago. Now your telling me I have to pay someone elses🤔🤬
so trump has millions forgiven but he wont forgive others! very christian
Here is $10,000 Now pay for its 5x over wirh higher taxes, a shutdown economy, and lost wages.
So, he only wants to help the young demographic? Kinda sounds like bribery. Votes for sale 💰
JoeBiden will Come tru 🙏🏽
Don’t get to excited folks. According to IRS publications, the amount of a forgiven debt may be subject to tax.
Verstehe ich nicht. Studieren ist doch kostenfrei? 😜
Paid for by the tax increases he will make
So Biden is just outright buying votes. Isn’t that illegal?
who’s paying for this lol
This coild be game changer for Biden
A roundabout way to buy votes.
Carrying the politician who has not ever delivered anything to the republic. Biden deserves nothing.
Biden probably made a deal with Mastercard. The banks write-off some of the loan, and Mastercard gets the remaining balance charged to its card, at 22% interest per annum. Biden is owned by the credit card lobby. Sweet.
If they borrowed money, they should pay it back!
Get the country more in debt!
Good-luck with that!
Trump is right yet again! Biden isn't paying anything off. Hard working American's would be paying that bill in taxes.
Remember somebody got to pay this back, could be a decade of misery caused by reckless spending.
Desperation is setting in
How is this not buying votes?
Biden will forgive? Um no.... me and everyone else will have to give the idiots who racked up debt our money.
Who's going to pay those 10k then? More taxes?
Giving incentives to take out worthless loans is horrible policy.
Here is your cookie
I need to go get some student loans real quick.
If you believe in fairness & equality, forgive $10,000 of debt for all.
Trying to buy votes with something he cannot do without congress on board. How does he pay for this relief? Hes lying.
What’s $10,000 relative to the $80,000 most of us owe ! 😂 Plus he’ll FORGET his plan before he FORGIVES!
Bribing for votes, Biden would never follow through with that.
Why not make the universities refund that amount back? They charged outrageous prices for useless degrees, this forgiveness will be paid by tax payers while the universities made out like bandits.
Any student debt forgiveness should be treated as taxable income in the year or forgiveness.
Where's my $10k
Okay deal. Forgive my $25k in student loans and I’ll pay $100 more in taxes a year. Seems fair to me
What about those of us that paid for our education and the education of our children? Guess we were just stupid to play by the rules...
And maybe the SBA ,...their mob style ways need some forgiveness too,..
Who's paying for that JoeBiden ? What about our nationaldebt ? How do we fix that 'Crickets'... 🦗🦗🦗🦗🦗🦗🦗🦗🦗🦗🦗🦗
Please do this my daughter is a doc with 350,000 student loans. She’s working through this pandemic beyond exhausted. Forgive student loans of essential workers.
Money isn't real my guys. Forgiving student loans would be a huge win for the economy.
Sounds like the cheating ex who promises to get rid of their side hustle if the spouse will stay, and then blames the ex for being unreasonable. You fell for that?
To JoeBiden: What if I paid my StudentLoan off already because I was a model citizen and decided against a BMW upon graduation?! Do I get a TaxRebate ProdigalSon
Well, looks like my kids are going to have to take on $10,000 in student loans vs. using the funds we've been saving for 20+ years by giving up things other families refuse to give up and spend on. Once again, it's time to punish the responsible and reward the irresponsible!
Including retroactively for those that fulfilled the obligations of their debt?
Lol 5% change like obama.
He has a loan forgiveness plan. He wants all his loans forgiven or paid for.
More promises of free stuff. Yeah! But we need an independent counselor to investigate the allegation of corruption regarding the selling of access to the vice president.
Why should they be forgiven? It will teach our young people such a valuable lesson for later in life:)
I don't trust anything pedo-Joe says
Is Biden going to get money from China ?
And just whose pocket will it come out of. Not Bidens!
Trying to buy votes for election. 47 years in office 8 of which you were Vice President but for some reason now you think you can do something in office.
what a great way to try to BUY votes!!! free $ for all except for those who worked 2 or 3 jobs to pay for their own schooling or their child's schooling? what do they get & why should they now have to pay for others?
bait vs reality
Any word on auto loan forgiveness? I already paid my student loans off like any responsible American should.
Hope that’s retro active for all that studied...worked and paid off their debt!!
JoeBiden you are trying to buy the all student with 10k dear me 👩🎓. offer a free uni though !!!!
This is just more pandering. The government shouldn’t have to pay student loans.
Why not just give free $ to everyone in the world?
DEMS want free stuff. That's all they care about is getting more FREE stuff. They like to be controlled by the DEMS.
Ah yes....The Biden playbook, called BRIBERY ! Somebody ALWAYS has to pay for something like this , ALWAYS !
Forgive it all
It’s costing him my vote by giving out all these freebies. Don’t want to pay the debt, don’t take it out or go to a cheaper college.
Politicians used to pay five dollars apiece to buy your votes...the price is going way up. Proud to of paid my own education Loans. Besides, our country has other debt now, in the future, and then have to be paid off that is extreme.
Great lesson on accountability lmao
Ahhh who's going pay for that?!!! Oh taxpayers. Biden's time would be better spent working on a concession speech
Biden spending money before he even has his foot in the door. Oh my!
Money does not grow on trees. How about using better judgement, don’t borrow 100k for a 30k/year job.
Why? Want to know who paid for the secondary schooling I chose? Me. Another freebie to win votes both sides do it but it's always the schmuck's paying for it with nothing in return. Where's our break for doing it the right way? Create jobs not handouts. nota
Is Biden going to refuse a salary ?
Free everything!!! All the Dems can promise. Pathetic
I don't have any debt. Already repaid it. Can I get $10k?
Also he is going to give first time home buyers $15000 ! This is where your taxes are going to !
Stop giving money away. Make people earn things!
If I am LGBTQ can I get extra?
$10k is Jack Shit
Silence means supporting Genocide. Genocide of 1st Christian Nation Armenia. Armenian Diaspora especially in the swing states is listening and waiting. Enough is Enough stop playing diplomatic games and take an action bc tomorrow might be to late. POTUS PeaceforArmenians
Of course the liberals want to give everything away for free. If you believe Biden’s not going to raise taxes on anyone making less than $400K then I’m guessing you also believe in Santa Claus and the tooth fairy.
Biden I need a investment bank connection.
Forgiveness = more national debt. Or has CNBC forgotten how math works.
So we’re supposed simply reduce the value of college, “buy” the value of mismanagement of the state’s student loan administration. They create the largest amount of debt burden on students, than any other, in the US. How is that? Do they manage the Trade School loan programs too?
Yeah, that is awesome for all of us hard working Americans who paid their fair share and paid off their loans. It is crap that any of these loans are forgiven. The entire COLLEGE education system needs to be fixed - loans should not be forgiven
What about car loans?
It’s called a loan for a reason! You know the requirements for repayment when you take it out. And if this happens, can I get $10K of what I repaid back?!?
I knew I shouldn't have worked hard and paid them off early. Damn
So this means that if I didn’t borrow 10k for school then they will just give me 10k?
Loans have consequences
When you take out a loan you agree to pay it. If you out-priced yourself on college that’s your stupidity!!! Sucks when you learn money doesn’t grow on trees and life sucks most of the time.
No forgiveness on $10,000 debt pay your student loans or ask your parents and not the taxpayers
Yeah, suck it up buttercups. Pay back your loans. Become an adult like the rest of us.
This is not fair for people who worked so hard to support education without loans. Then you should give these people $10k.
Ask Judy. Lol
Worst policy ever and completely unfair to those who scraped and saved to pay for their education. Many who didn't receive education because they were turned off by the debt. This is another example of privilege.
Trying to buy votes at any cost to taxpayers. Here is an idea. Give 10k to 401k accounts only if you paid your student loans in full. Then see what type of responsible behavior your encourage.
Believe it or not I disagree with this. College is a choice.
Really, that's a drop in the bucket for most college students.. The average is more like 100,000 in debt. 10,000 are sure or did you just typo one of the '0's?
Outstanding! Called investing in our people
The 10k is tied to a year of public service work
Biden is very generous with my money.
Good, incurred debt shouldn't be forgiven. Attending college isn't a right.
Does the $10k just disappear? Up in smoke? Or am I going to have to pay for this? I already paid back my student loans, don’t feel I need to pay for any one else’s
Losers pay for your loans or lose your degree
I wish you idiots would return to read Irving Fisher's book on the Theory of Interest. Why should these people get a dime at taxpayer expense?
Horrible policy! I would like $10,000 of my debt forgiven. WTF. We all went into our loans with the same rules. Pay for college yes! Forgive past debt no!
Awesome I just paid mine off but now have a $10,000 bar tab will you pay that off?
I helped put 3 children through college. All will graduate without loans. All children worked throughout the school year & summers. If Biden wants to do something then have the colleges and universities use their endowments to help defray the cost of their ridiculous tuition.
Just another reason im voting for Trump
Nothing is free... Biden lies
There should be zero elimination of student debt until we regulate better the issuance of student loans. Want to borrow $50k for a low paying major. Sorry no. Grades as a freshman not so good. Sorry. No more cash. Student loan debt should have free market pricing.
Wait - how can the president forgive student loan debt? Does the president actually have that power?
Adopt Chuck and Warren's plan at $50k. The ROI on doing this is so high that it's the common sense thing to do.
Needs to be 50k
How about keeping the interest rate on Fed loans at zero and upping that $10k forgiveness x 30? Grad school loan processing is outrageous. I’ve paid on these loans without fail for 10 years and owe more than twice what I borrowed.
Hmmmm....I wonder if I can ask for a credit since I, you know...paid my loans back. Of course, I majored in something that benefits society and pays the bills, plus I’ve made good decisions...no socialist bailout for me. Should have studied social justice of gender studies.
Gee it’s all free.
Item 1 in the socialist takeover playbook: Promise free stuff, even though it is not really Free to anyone except the gift recipients. JoeBidenIsCorrupt
He won’t forgive it he will pay it off with tax money. So those of use who paid for school will now be paying for it twice. Wonderful plan
The former vice-president and 2020 presidential hopeful backed a 2005 bill that stripped students of bankruptcy protections and left millions in financial stress
Yes! And he promised to stop hurricanes and wild fires. He has become God!
nothing is FREE - taxpayers fund it WalkAway
Lies, Obama said the same thing...
Biden is flip flopping so much who know what to believe.
Horrible plan
Well, someone will have to pay the bill. Taxpayers again?
I went to a local college because I couldn’t afford anything else. FFS people have some responsibility!
Trump doesn’t have a loan forgiveness plan because there shouldn’t be one.
I love it when politicians stoop to buying votes.
Figures
Better stimulus then handing out money to corporations who buy back stock or give bonuses. Still not a fan of idea however.
Populism vs the Right thing to do. Pay your dues!!! That's it.
Bribin Biden
Hey I can really use that, better that nothing.
I’m voting for Biden BUT I saved for my daughters college. No loans. Do I get $10K?
College graduates on average will earn 1 million more dollars in their lifetime than non college graduates. Most should be able to afford their own student loans.
PTPTN ke
Wow I plan to vote for him slightly over Trump . Now it’s gone. No vote for me this again.
Make the schools pay the interest. They should share the risk.
Wack
What a stupid headline.
Fred's failure realdonaldtrump doesn't have any plans, anywhere for anything His planning only extends to golf, twitter and flying around spouting bullshit & lies VoteBLUE4EducatedProfessionals
I guess until someone forgives his exorbitant debt he's not feeling that magnanimous,
Will anyone that paid off their student loan receive a 10k check?
What about the $100K I paid off for my tuition? I should get a refund from the Gov!
10k each Average college student leaves with 100k. If one can pay 90k, they can pay 10k. Trying to make this happen (which probably won't) I mean he had 47 years to forgive but still haven't. So why believe that now?
good
except for his own debts. don't forget about that.
keep buying those votes JoeBiden.
Big tax hit on everyone without loans
.JoeBiden, the guy that gets payouts from Ukraine and China, is going to forgive Student debt How brave of him, to place other people's debt on Americans that can't afford it already.
Makes the colleges fund it. They made enough money fleecing students through the years.
Trump only forgives big corporations who bankrupt themselves, Wall St, & hand out taxpayer money like candy on Halloween.
That’s it? Seriously.
Good. My tax dollars shouldn't go to some idiot who chose to pursue Gender Studies and now can't find an adequate job.
Biden doesn't have the authority for 'forgive' anything.
He supported the 2005 bill that made student debt non-dischargeable in bankruptcy, so I’m supposed to believe he suddenly cares now?
Forgiving student debt is like ME paying for college TWICE! The money comes from the people!
Does prez even have that authority?
Both parties have admitted the debt doesn’t matter, so why not! Let’s make it $20k, $30k etc!
Isnt that buying votes?
Where the hell is all this money gonna come from? We need to start paying down our debt
Cutting the interest rates across the board would seem to be much more effective in getting people out from under their loans.
Shameless pandering.
Australia has an added tax on those who get student loan forgiveness. Maybe that's more fair to those that didn't get student loans and went into a trade or don't have a degree.
Needs to be more. 10k doesn’t even cover a year in tuition and cost at most state universities.
Wow! $10k That means a 4 year degree will only take 25 years to pay off instead of 30. College students must be ecstatic.
How about those who worked and sacrificed so they would't have student loans?
$10,000? That’s not going to move the needle for most bearers of student loans. Effects wouldn’t be seen for a decade or more.
Trying to buy votes ,won’t happen.
Biden will work for China. Trump works for America. Big difference
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