Biden announces student loan forgiveness for 153,000 borrowers
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Check your email: On Wednesday President Biden sent messages to around 153,000 people to let them know their student loans are forgiven.
“While a college degree is still a ticket to a better life, that ticket is too expensive,” Biden said.
Jon Donenberg is the deputy director of the White House National Economic Council. He says the SAVE plan is designed to help those who need it most.
“The size of the debt burden is increasingly crushing a generation of Americans who are struggling to buy homes, to start families and to really start to build that future,” Donenberg said.
“We’re not giving up. The President is not giving up,” Donenberg said. “People really deserve that relief.”
Many Republicans disagree. On social media site X, Sen. Marsha Blackburn (R-Tenn.) called it a “move that circumvents the Supreme Court’s authority and harms American taxpayers.”
Sen. Tom Cotton (R-Ark.) posted “There is no such thing as student loan “forgiveness.” President Biden is simply transferring the debt to make you and your kids pay back student loans that you never took out.”
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