Biden FINALLY Unveiling Student Debt Relief Plan?

Biden may be close to finally unveiling his student debt relief plan and sadly there isn"t much to get excited about. John Iadarola and Farron Cousins break it down on The Damage Report. Read more here: As Biden administration leans toward $10,000 in student loan forgiveness, advocates push back https://www.cnbc.com/2022/05/27/advocates-slam-reported-biden-plan-to-cancel-10000-in-student-debt.html Advocates expressed anger and disappointment on Friday in response to news that the Biden administration is leaning toward forgiving $10,000 in student loans per borrower. Some Democrats and activists have insisted that President Joe Biden needs to cancel at least $50,000 per borrower to make a meaningful impact on the country’s $1.7 trillion outstanding student loan balance. More than 40 million Americans are in debt for their education, and about 25% of those borrowers are in delinquency or default. “It’s an absolute insult,” said Thomas Gokey, co-founder of the Debt Collective, a national union of debtors. “This is less than what he promised on the campaign.” While running for president, Biden had vowed immediate debt cancellation of $10,000 per borrower, and he hadn’t said anything about limiting the relief to people who earn under a certain amount. Now the administration is looking at imposing income caps of $150,000 for individuals and $300,000 for married couples for the relief, according to The Washington Post.\n ** Become a TDR YouTube Member: http://www.youtube.com/thedamagereport/join Follow The Damage Report on Facebook: https://www.facebook.com/TheDamageReportTYT/ Help build the Home of the Progressives http://tyt.com/JOIN Subscribe to The Damage Report YouTube channel: https://www.youtube.com/thedamagereport?sub_confirmation=1 Follow The Damage Report on TikTok: https://www.tiktok.com/@thedamagereport?lang=en Follow The Damage Report on Instagram: http://www.instagram.com/thedamagereport/ Follow The Damage Report on Twitter: https://twitter.com/TheDamageReport #TheDamageReport #JohnIadarola #TheYoungTurks 220527__DR06WHForgive10KStudentLoan


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