Biden is buying votes from at least 750,000 of those households are “making over $312,000 in average household income.

healthmyths

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Sep 19, 2011
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Biden continues paying off successful young voters: Sorry, I mean “forgiving student debt.”
Biden this week paid off another $7.4 billion in student loans, making his total student loan cancellation something like $153 billion.
And by cancellation, I mean tax dollars were used to make the ledger go to zero. How much exactly?
From Penn Wharton’s analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.” But that goes to really needy people, right?
Well, actually, at least 750,000 of those households are “making over $312,000 in average household income.
 
Hopefully he gets bitch slapped by the Supreme Court yet again, and they do something to hold him accountable for continuing to go against their rulings.
 
Biden is puppet

These universities hold billions of dollars given to them as charity.

Higher education in unaffordable to the majority of the world

Expensive education is no different than burning books
 
From source:

Table 2: Borrower Characteristics for Individuals and Households Receiving any Debt Relief, Biden New Provisions, April 2024

DOWNLOAD DATA

ProvisionAverage Debt Relief (dollars)Borrowers Impacted (millions)Average Household Income (dollars)
Waiving accrued and capitalized interest for millions of borrowers3,595.1416.0682,019.96
Eliminating student debt for borrowers in repayment for 20 years or more25,541.390.75312,976.57
Assisting borrowers who experience hardship in paying back their loans20,318.180.3639,887.64
Average Student Debt Relief4,899.26


So 16 million people earning 82,000 household income will get some debt relief

0.75m of high earning families that will get interest waved on their student loans is of course a small fraction of that, but hey, have to make political hay out of SOMETHING.
 
From source:

Table 2: Borrower Characteristics for Individuals and Households Receiving any Debt Relief, Biden New Provisions, April 2024

DOWNLOAD DATA

ProvisionAverage Debt Relief (dollars)Borrowers Impacted (millions)Average Household Income (dollars)
Waiving accrued and capitalized interest for millions of borrowers3,595.1416.0682,019.96
Eliminating student debt for borrowers in repayment for 20 years or more25,541.390.75312,976.57
Assisting borrowers who experience hardship in paying back their loans20,318.180.3639,887.64
Average Student Debt Relief4,899.26


So 16 million people earning 82,000 household income will get some debt relief

0.75m of high earning families that will get interest waved on their student loans is of course a small fraction of that, but hey, have to make political hay out of SOMETHING.
Actually, the high income earners are those that have been paying on their student loans for twenty years or more. People are not thinking, they are flippin middle aged, sure, they make good money. But that student loan has been draining from them for two flippin decades. Enough already.
 
All you clowns begging for reparations from Dimwinger politicians are instead getting to pay for the law degrees of rich white men. :auiqs.jpg:
 
Biden continues paying off successful young voters: Sorry, I mean “forgiving student debt.”
Biden this week paid off another $7.4 billion in student loans, making his total student loan cancellation something like $153 billion.
And by cancellation, I mean tax dollars were used to make the ledger go to zero. How much exactly?
From Penn Wharton’s analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.” But that goes to really needy people, right?
Well, actually, at least 750,000 of those households are “making over $312,000 in average household income.
The Biden crime family was making a cool $1 million/year, from their crooked oligarch benefactor, Burisma Holdings owner, Mykola Zlochevsky.

A million bucks ($1,000,000.00) per annum is several times the salary of the VP of the USA ($0.235,100.00).

Do the math!

THINK!


Follow the money,
 
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Hopefully he gets bitch slapped by the Supreme Court yet again, and they do something to hold him accountable for continuing to go against their rulings.
They can’t do anything about.

Unfortunately there is no enforcement mechanism for rulings.

Our nation was built on a common understanding and respect for the law. It assumed our leaders would be rational human beings.
 
They can’t do anything about.

Unfortunately there is no enforcement mechanism for rulings.

Our nation was built on a common understanding and respect for the law. It assumed our leaders would be rational human beings.

They should have known better. He should be held in contempt and fined or jailed.
 
Biden is puppet

These universities hold billions of dollars given to them as charity.

Higher education in unaffordable to the majority of the world

Expensive education is no different than burning books
Sorry, Higher Education in most EU is free... Masters has a charge but is not huge...

US can offer great undergraduate level education but right-wing wants to privatise it and monetise it... 'Let the Market decide'

In Europe, Governments own the Universities (all the big ones worth a crap)... Generally access to undergraduate courses are done on purely academic ability and then the course is free, under privileged get living grants too..
So EU is educating their best and britest, there is no qualification on those who can afford it... Your Daddy could be a multi multi millionaire and no one gets a bye on the system.
Private Colleges are for kids who weren't smart enough to get into the main colleges and thus have graduates who aren't the best. So the main Universities in Ireland are swap colleges for Ivy league and MIT Colleges in US...

US just needs to get out of monetizing education and think of this... The generation trained us because they were trained by the previous generation, that genration was also trained by the previous.... It is our duty, something we got and we should pass on to the next generation.
Are we going to be the generation that says they can charge the next for something they got for free?
 
Sorry, Higher Education in most EU is free... Masters has a charge but is not huge...

US can offer great undergraduate level education but right-wing wants to privatise it and monetise it... 'Let the Market decide'

In Europe, Governments own the Universities (all the big ones worth a crap)... Generally access to undergraduate courses are done on purely academic ability and then the course is free, under privileged get living grants too..
So EU is educating their best and britest, there is no qualification on those who can afford it... Your Daddy could be a multi multi millionaire and no one gets a bye on the system.
Private Colleges are for kids who weren't smart enough to get into the main colleges and thus have graduates who aren't the best. So the main Universities in Ireland are swap colleges for Ivy league and MIT Colleges in US...

US just needs to get out of monetizing education and think of this... The generation trained us because they were trained by the previous generation, that genration was also trained by the previous.... It is our duty, something we got and we should pass on to the next generation.
Are we going to be the generation that says they can charge the next for something they got for free?
We are not the EU, and nothing is free.
 
Sec. 9. Benefits of public institutions of higher education.

The General Assembly shall provide that the benefits of The University of North Carolina and other public institutions of higher education, as far as practicable, be extended to the people of the State free of expense.

I think there are people in education who genuinely want to make educationas accessible as possible and see it as the biggest gift they recieved and that they can give one...

There are people who talk endlessly about the National Debt and don't see that well educated workforce, clean environment, stable transparent government, good infrastructure... Can be far more important and not to have this is much worse than a large National Debt....
 

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