‘A Real Slap In The Face’: People Who Already Paid Off Their Student Loans React To Biden Debt Cancellation Plan
After President Joe Biden unveiled a plan on Wednesday to cancel $10,000 in student loans per borrower, conservative commentators reacted by discussing how they made tough decisions to pay off their own loans or avoid them in the first place.
The White House’s policy applies to individuals earning less than $125,000 per year, while individuals who paid for college using Pell Grants are eligible for a $20,000 loan cancellation. Biden also decided to extend the pause on federal student loan repayment to January 2023 and will permit borrowers with undergraduate loans to cap payments at 5%...