When the Biden administration first tried to bail out student loans, the Supreme Court rejected it.
Now they’re trying again. Vice President Kamala Harris promises that student loans will be “fully forgiven,” regardless of the amount of debt recipients owe. The forgiveness will also apply to students who have not graduated.
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Whatever happens, Harris vows that your educational debt will be forgiven
As President Joe Biden lays out his new plan to reduce or cancel student loan debt for about 30 million people, Harris is applauding the decision, of course, making some pretty bold promises.
“Your loans will be fully forgiven regardless of income, and even if you haven’t graduated,” Harris said.
“We don’t pay our teachers nearly as much as they deserve in terms of the value they bring to our society as a whole,” Harris said Monday in Philadelphia. “Many are silently struggling with student loan debt.”
(According to the National Education Association, the average teacher salary is more than $66,000, compared to an overall average salary of just over $59,000.)
Biden had just announced his plan to transfer partial or full student loan balances from borrowers to taxpayers.
The Washington Examiner reports: “To qualify, debt holders must belong to one of five groups, those whose balances are larger than they originally borrowed, those with loans taken out decades ago, those whose loans were used to enroll to “low-value financial programs,” those who are eligible for relief programs but have not applied, and those who are experiencing “difficulty repaying their loans.”
“According to the White House, public workers received an average of $70,000 in debt relief in the administration’s initial effort,” the Examiner noted.
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These are taxpayer dollars Biden team pledges to forgive student debt
“You shouldn’t have to decide whether to serve or be able to pay your bills,” Harris said Monday.
“Your country needs you and we are benefiting profoundly thanks to the sacrifice and work you all do every day,” he added.
Some have called it a desperate attempt by the Biden campaign to reconnect with younger voters, which polls show is falling apart.
So it should be no surprise that the vice president is committing taxpayer money to fix other people’s problems of their own making.
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