Biden Wipes Out Another $7.4 Billion in Student Loan Debt Another day goes by, and Biden has forgiven the loans of a new round of students. Rumors have it that Republicans in Congress are using the excuse that many people have been able to pay off their student loans in the past as a reason to block Biden's efforts to forgive everyone's student loans. Some people have gone crazy in the head hoping Biden forgives everyone's student loans. I don't know what the big deal is. It's just paying back your loan obligations. What's the big deal? I know when I took a look at my student loans and saw that they were increasing by three dollars a day that I panicked and paid it all off all at once. I might be lucky to have access to money to pay it off, but one would assume that most people have a job which allows them to pay it off a little bit at a time. What's the big deal? Why would anyone want to block the Congressional Republicans from objecting to Biden's plans on student loan debt relief?
Yes, the RP, if it had any savvy strategists, would call for the immediate refund of all the student loan money already paid back with interest. Our university system is for the most part just another corrupt government subsidized scam.
My biggest complaint is about who is getting this relief first and most. CNBC reported that this latest round is just another latest round in which people who borrowed less than $12K originally or work for the government are getting theirs discharged. Those older borrowers with huge balances still largely are still frozen out of their discharges by one excuse after another, the latest being that those working on those cases had to be diverted to fixing in the financial aid application backlog for new students. Reading through the reddit subs, it looks like the people needing the most help are getting the least benefit still despite their being the ones whose situations are being used to justify the agenda. If someone who graduated 5-6 years ago is having their debt wiped out there is no rhyme or reason as to why someone who went to colleges in the 80's and 90's aren't having theirs cleared as well.
Biden isn't wiping out anything. He's using MY hard earned tax dollars to pay off the PERSONAL LOANS of irresponsible bums looking for a free ride. From illegals to elites, he'll buy votes from ANYONE.
