Good news for all liberal arts losers. Joe Biden is going to forgive student loan debt up to $20,000 (if you went to school on Pell grants). If you didn’t get Pell Grants, you will see $10,000 of your student loan debt forgive.
If you payed off your college debt, like most Americans who actually go to college to learn a trade, then you get fucked.
Forgiving student loan debt for college deadbeats will also increase inflation even more than the so called “inflation reduction act”.
But there is one reason why Biden is doing this, and anyone who doesn’t have debt knows the reason. After last night’s primary in Florida, it’s clear that Democrats need a boost before the midterms. That’s why Biden’s FBI raided Mar-A-Lago and is now going to cancel student debt.
Also, don’t think for a minute that this student loan debt forgiven is for the poor or middle class. This will apply to anyone earning up to $125,000 per year.
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022