MnSpring
Serious Thumper
   
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Younger than most people my age.
Posts: 9960
Minn
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Eegore wrote on 10/07/24 at 20:49:34:... loans made 25 years ago that were PAID is not the same as the loans today that were NOT PAID ... https://www.whitehouse.gov/briefing-room/statements-releases/2024/02/21/fact-...(The Link, from the, www.whitehouse.gov, page)…President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE) repayment plan. The Biden-Harris Administration has now approved nearly $138 billion in student debt cancellation for almost 3.9 million borrowers through more than two dozen executive actions….
… Already, the President has cancelled more student debt than any President in history – delivering lifechanging relief to students and families – and has created the most affordable student loan repayment plan ever: the SAVE plan. …
… Thanks to the Biden-Harris Administration’s SAVE plan, starting today, the Administration will be cancelling debt for borrowers who are enrolled in the SAVE plan, have been in repayment for at least 10 years and took out $12,000 or less in loans for college. …
… The U.S. Department of Education (Department) identified nearly 153,000 borrowers who are enrolled in SAVE plan who will have their debt cancelled starting this week, and those borrowers will receive an email today from President Biden informing them of their imminent relief. …
… President Biden’s Administration has approved student debt relief for nearly 3.9 million Americans through various actions …
… Since taking office, the Biden-Harris Administration has approved debt cancellation for nearly 3.9 million Americans, totaling almost $138 billion in debt relief through various actions. ...
Guess things have changed. Use to be, one borrowed money, they repaid it. Today, one can borrow money, and someone else can repay it ! … Fixing the Public Service Loan Forgiveness program so that borrowers who go into public service get the debt relief they’re entitled to under the law. Before President Biden took office, only 7,000 people ever received debt relief through PSLF. After fixing the program, the Biden-Harris Administration has now cancelled student loan debt for nearly 800,000 public service workers. …
(Wonder if, that has anything to do with, ‘who is kissing who’s’, ARISE ?)
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Ben Franklin once said: "If you give up a freedom, for the sake of security, you will have neither". Which is More TRUE, today, than yesterday.('06, S-40, Stock) well, mostly .
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