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Republicans Are Big Mad That Biden Cancelled 10–20K In Student Loan Debt For Borrowers
Yesterday, President Biden cancelled ten thousand dollars in student loan debt for every borrower, and twenty thousand dollars in student loan debt for borrowers who also received Pell Grants. That includes me. This is for single people who make less than 125K a year and married people who make less than 250K a year combined. So, I’ve just had twenty thousand dollars in debt relieved. So, yes, I am happy about that!
But — let’s be honest, it’s not only Republicans who are mad. People who never got student loans are mad. People who have already paid their student loan debt are mad. People who make too much money to qualify for this forgiveness are also upset…
Isn’t that sad?
It speaks to a bigger problem with American society — selfishness, greed, an “all about me” attitude, and contempt for the poor/working class and Black Americans. In case you didn’t know, this debt relief will be extremely beneficial for Black Americans. For example —
over half a million Black Americans would see their net worth move from negative to positive from the first $10,000 of this student debt relief and the most conservative estimates show that the average Black borrower will see their balance cut nearly in half, while more than a quarter of…
