Biden releases student loan cancellation plan: $10k for non Pell Grant recipients, $20k for Pell Grant recipients; loan repayment pause until January 2023; cap of 5% of monthly income for repaymenttwitter.com alyaza [they/she] ( @alyaza@beehaw.org ) MA Politics • edit-22 years ago message-square14arrow-up116
arrow-up116external-linkBiden releases student loan cancellation plan: $10k for non Pell Grant recipients, $20k for Pell Grant recipients; loan repayment pause until January 2023; cap of 5% of monthly income for repaymenttwitter.com alyaza [they/she] ( @alyaza@beehaw.org ) MA Politics • edit-22 years ago message-square14
minus-square alyaza [they/she] ( @alyaza@beehaw.org ) OPlinkfedilink6•2 years agoestimates are in now that this wipes out 20 million people’s debt, and impacts another 27 million people, which is crazy. that’s a ton of people who will be out from underneath this
minus-square Chris Remington ( @remington@beehaw.org ) linkfedilink6•2 years agoThat should bolster the economy as well, right?
minus-square alyaza [they/she] ( @alyaza@beehaw.org ) OPlinkfedilink4•2 years agoalmost certainly yeah. this frees a lot of money that otherwise goes to monthly payments to go toward literally anything else.
estimates are in now that this wipes out 20 million people’s debt, and impacts another 27 million people, which is crazy. that’s a ton of people who will be out from underneath this
That should bolster the economy as well, right?
almost certainly yeah. this frees a lot of money that otherwise goes to monthly payments to go toward literally anything else.