Our tax money is funding Israel, it’s time to reinvest into something better
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The Biden administration announced Wednesday it is forgiving a total of $1.2 billion in student debt for roughly 153,000 borrowers.
The relief comes through the Saving on a Valuable Education (SAVE) repayment plan, which made changes to income-driven repayment plans in the wake of a Supreme Court decision overturning President Biden’s more ambitious student loan debt cancellation plan.
The first batch of loan forgiveness through the SAVE plan was planned for July, but the Education Department identified eligible borrowers sooner.
“This plan reflects our unapologetic commitment to deliver as much relief as possible to as many borrowers as possible, as quickly as possible,” Education Secretary Miguel Cardona said on a Tuesday call with reporters. “We’re providing real, immediate breathing room from an unacceptable reality where student loan payments compete with basic needs.”
Under the SAVE plan, those who borrowed less than $12,000 can have their debt forgiven after 10 years of payments. The Education Department will reach out next week directly to borrowers who are eligible for relief but are not currently enrolled in the SAVE plan.
The White House has in recent months been rolling out additional announcements on student debt relief as Biden seeks to deliver on his problem to wipe out what millions of Americans owe in loans.
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State schools should be free. Community College should be free.
Student debt should not be public policy.
[Private schools will always have billions in endowments and charge $50,000 per year. ]
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Brb, gonna go cry. This is just over 1/3rd of my debt since I did get Pell Grants.
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honestly jokes on the supreme court bcuz if they eliminated 20k off my debt I woulda paid the rest in full, but now i aint neeeever paying that shit off lmao!
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can student loan providers refuse to take my gay money then
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To any American reading this of voting age. Or will be of voting age for the 2024 election… VOTE! Vote vote vote. Register to vote. Ensure your friends are registered to vote. If it wasn’t clear before the SCOTUS decisions in the last two days have spelled it out clearly.
If you are not an able-bodied cis white heterosexual man, you are at risk. They will strip away your rights, they will do everything they can to make sure you are erased. That you are silenced that you are dead.
And if you think that your vote doesn’t matter. That there is no point. Then they have won. You have already let them win. You have let them control you.
They will come after you. If you are not a cis white male you are a target. You are disposable. And you will eventually lose your basic rights as a human being. Because if you are not a cus white man… to them you are not human. Simple as.
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Voting matters. #KatieHobbs
Republicans will NEVER forgive student or medical debts of individuals. NEVER.
They truly have no idea of the meaning of forgiveness. Their Christianity has no virtues.
MAGA put Betsy DeVos, a person who personally benefits from student debt, in charge of education.
The difference in parties is staggering.
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