alyaza [they/she]M to [email protected] • edit-22 years agoBiden releases student loan cancellation plan: $10k for non Pell Grant recipients, $20k for Pell Grant recipients; loan repayment pause until January 2023; cap of 5% of monthly income for repaymenttwitter.commessage-square14fedilinkarrow-up116arrow-down10
arrow-up116arrow-down1external-linkBiden releases student loan cancellation plan: $10k for non Pell Grant recipients, $20k for Pell Grant recipients; loan repayment pause until January 2023; cap of 5% of monthly income for repaymenttwitter.comalyaza [they/she]M to [email protected] • edit-22 years agomessage-square14fedilink
minus-squareChris Remingtonlinkfedilink9•2 years agoI wish I could have had this! It took me 21 years to pay off my student debt and it was a HUGE burden.
minus-squarealyaza [they/she]OPMlinkfedilink6•2 years agoestimates are in now that this wipes out 20 million people’s debt, and impacts another 27 million people, which is crazy. that’s a ton of people who will be out from underneath this
minus-squarealyaza [they/she]OPMlinkfedilink4•2 years agoalmost certainly yeah. this frees a lot of money that otherwise goes to monthly payments to go toward literally anything else.
I wish I could have had this! It took me 21 years to pay off my student debt and it was a HUGE burden.
estimates are in now that this wipes out 20 million people’s debt, and impacts another 27 million people, which is crazy. that’s a ton of people who will be out from underneath this
That should bolster the economy as well, right?
almost certainly yeah. this frees a lot of money that otherwise goes to monthly payments to go toward literally anything else.