Debt forgiveness means deleting all debt, not what is left over after multiple years of payments. There might was well have been no debt relief plan at all. Politicians have no respect for people’s critical thinking skills.
The people behind this illusion and attempt to deceive the public is the work of greedy, self-centered wealthy people who have no sense of mercy or humanity and is using the Biden administration as a cloak to cover their greed.
According to the latest news on student loan relief, “The Department of Education said Friday it would begin notifying more than 804,000 borrowers that they will have a total of $39 billion in student loan debt forgiven.
The department said the automatic discharge of the loans in the coming weeks was the result of “fixes” of income-driven payment plans as part of its ongoing effort to give borrowers credit for qualifying payments that were not accounted for.
“Today, the Biden-Harris Administration is taking another historic step to right these wrongs and announcing $39 billion in debt relief for another 804,000 borrowers.”
The Department of Education said borrowers are eligible for forgiveness after making 240 or 300 monthly payments — the equivalent of 20 or 25 years on an IDR plan or the standard repayment plan.
“Republican lawmakers — who had no problem with the government forgiving millions of dollars of their own business loans — have tried everything they can to stop me from providing relief to hardworking Americans,” Biden said. “Some are even objecting to the actions we announced today, which follows through on relief borrowers were promised, but never given, even when they had been making payments for decades.”
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